Frequently Asked Questions
Securities Lending
Can I use my SBL account to buy securities?
Yes. You can use your SBL account to buy securities. However, you have to ensure that funds required to settle your purchases reach Phillip Securities by T+2 morning 10 am.
Other faq that might help you
- Who can participate in Securities Lending?
- How can I participate as an eligible lender?
- Can I lend my securities which are bought using a CPF investment account?
- How do I check if my securities are eligible for lending?
- Is there a minimum quantity of each security I need to have to be eligible?
- How long will my securities be lent out for?
- How do I know which securities I have lent?
- What is the lending rate I will get for lending my securities?
- How is the lending fee computed?
- How will the lending fee be paid?
- Can I sell my securities even if they are lent out?
- Can I recall my loaned securities?
- Will I still be entitled to corporate actions such as dividends, bonus securities and rights issues?
- What is the risk to a lender?
- Do I need to notify changes in my shareholding according to the requirement in the Companies Act if I am a substantial shareholder participating in securities lending program?
- What are the tax implications of securities lending?
- How do I opt-out of Securities Lending?
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