After I have bought back the securities, do I have to return the securities?
A buy-back of securities does not automatically translate into a return of the borrowed securities. To return the borrowed securities, you must either return them via POEMS 2.0 (Acct Mgmt > SBL > Script Returning) or inform your TR of your request to return. Interest charges will be computed as follows:
- If securities are returned on purchase due date or earlier, interest will cease to accrue on the purchase due date
- If securities are returned after due date of purchase, interest will cease to accrue one day after the return is done