Securities Borrowing & Lending

What is SBL?

Securities Borrowing and Lending (SBL) is a temporary loan of securities between a lender and a borrower. This is done to allow the borrower who expects the price of a stock to fall to hold a short position for a longer duration, while the lender who loans the stock receives a lending fee from the borrower.

SBL is an important activity in many markets as it provides greater liquidity, tighter spreads, improved risk management, and possibly reduces the cost of capital.

How can I sign up for SBL?

Steps to open a SBL account for existing account holders:

1 Login to your POEMS account
2 Click on the “Account Management” tab
3 Click SBL
3 Submit the Account Opening Form

Don’t have an account?

Alternatively, visit any of our Phillip Investor Centres or contact your trading representative.



Have an enquiry? Get in touch with us at (+65) 6531 1555 or message us below!