Securities Lending
Do you wish to enhance the yield of the securities in your portfolio in a relatively low risk manner?
If you are holding onto stocks, you can now loan them out* while waiting to sell at the right price. Our securities lending service acts as an avenue for you to earn interest instead of letting your stocks sit in your trading account. Such service potentially enhances the yield of your portfolio in a relatively low risk manner. Furthermore lending your shares will not cause any disruption to your trading activities as your shares can be recalled anytime.
To ensure that the lender's interests as a shareholder are protected, the lender is given the right to recall the loaned securities at any
time. The borrower is obliged to return the securities on demand or at the end of any agreed term. The borrower is also required to make equivalent payments back to the lender for the economic benefits (such as dividends) which the lender is entitled to. In addition, the borrower will have to collateralize the transaction with cash or equivalent to protect the lender against counterparty credit risk.
So, what are you waiting for? Make your idle securities work harder!
Key Features
- Potentially enhances yield of your portfolio -
Receives a lending fee (on a monthly basis) when your shares are loaned out
- No minimum lock-in period -
Loan out your shares for any period that you are comfortable with
- No disruption to trading activities -
Sell any time even if your shares are loaned out
- Hassle free lending arrangements -
All administrative work will be handled by Phillip SBL
For more information, contact the SBL Desk at +65 6531 5426 or psbl@phillip.com.sg
* Securities lending involves a transfer of title. If there’s any wish to retain voting rights, shares will have to be recalled.
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