Frequently Asked Questions
Securities Lending
How do I opt-out of Securities Lending?
You may inform your trading representative or our SBL Desk via email that you wish to opt-out as a lender. This will serve as a standing instruction that you do not wish to on-lend any of your securities custodised with Phillip Securities.
You can expect the loaned securities to be credited to your trading account within 7 business days of your notification to Phillip Securities on your intention to opt out of the Securities Lending program.
You may retain your SBL account for securities borrowing purposes.
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?
- Can I use my SBL account to buy securities?
- 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?
Did this answer your question?
