Structure-function studies on the role of pendent Lewis acids in the reductive coupling of CO are reported. Cationic rhenium carbonyl complexes containing zero, one, or two phosphinoborane ligands (Ph2P(CH2)(n)B(C8H14), n = 1-3) react with the nucleophilic hydride [HPt(dmpe)(2)](+) to reduce [M-CO](+) to M-CHO; this step is relatively insensitive to the Lewis acid, as both pendent (internal) and external boranes of appropriate acid strength can be used. In contrast, whether a second hydride transfer and C-C bond forming steps occur depends strongly on the number of carbon atoms between P and B in the phosphinoborane ligands, as well as the number of pendent acids in the complex: shorter linker chain lengths favor such reductive coupling, whereas longer chains and external boranes are ineffective. A number of different species containing partially reduced CO groups, whose exact structures vary considerably with the nature and number of phosphinoborane ligands, have been crystallographically characterized. The reaction of [(Ph2P(CH2)(2)B(C8H14))(2)Re(CO)(4)](+) with [HPt(dmpe)(2)](+) takes place via a "hydride shuttle" mechanism, in which hydride is transferred from Pt to a pendent borane and thence to CO, rather than by direct hydride attack at CO. Addition of a second hydride in C6D5Cl at -40 degrees C affords an unusual anionic bis(carbene) complex, which converts to a C-C bonded product on warming. These results support a working model for Lewis acid-assisted reductive coupling of CO, in which B (pendent or external) shuttles hydride from Pt to coordinated CO, followed by formation of an intramolecular B-O bond, which facilitates reductive coupling.