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- Securities Borrowing & Lending
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.
- At least 21 years of age
- Not a U.S Person (an individual who is U.S citizen or U.S resident)
- Not a bankrupt
Singaporean/ Singapore PR/ Foreigner residing in Singapore
- Singapore Identity Card (Pink or Blue)
- Bank Account Information
- Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Singapore
All copies of documentation has to be scanned or photographed from the original document.
Malaysian
- Malaysian Identity Card
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Malaysia or Singapore
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Foreigner not residing in Singapore
- Passport with at least 6 month validity
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- Supporting document(s) for residential address issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in your country
- For mailing address that is different from your residential address, please provide additional supporting document(s) issued within the last 3 months that reflects your mailing address.
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Why Securities Borrowing?
Through securities borrowing, you can short-sell without a need to buy back stocks within the same day, and also not face a “buy-in” by the relevant stock exchange.
When you anticipate a fall in the price of a stock, you can borrow the stock to short-sell and buy it back at a later date. Shorting is a classic strategy to make the best of a declining market, when the momentum of stocks or overall trend of the market is poor.
Benefits of Securities Borrowing:
Ready to sign up for Securities Borrowing?
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.
- At least 21 years of age
- Not a U.S Person (an individual who is U.S citizen or U.S resident)
- Not a bankrupt
Singaporean/ Singapore PR/ Foreigner residing in Singapore
- Singapore Identity Card (Pink or Blue)
- Bank Account Information
- Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Singapore
All copies of documentation has to be scanned or photographed from the original document.
Malaysian
- Malaysian Identity Card
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Malaysia or Singapore
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Foreigner not residing in Singapore
- Passport with at least 6 month validity
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- Supporting document(s) for residential address issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in your country
- For mailing address that is different from your residential address, please provide additional supporting document(s) issued within the last 3 months that reflects your mailing address.
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Why Securities Lending?
If you hold securities, you can lend them out while waiting to sell at the right price. Securities lending service acts as an avenue for you to earn a lending fee instead of letting your securities sit idle in your securities account.
This service potentially enhances the yield of your portfolio in a relatively low risk manner. Lending your securities will not cause any disruption to your trading activities as you can still sell your securities even if you have lent them.
Although there is a transfer of legal title of the securities to the borrower, you remain as the beneficial owner of the securities. This means that you will still be entitled to the economic benefits (such as dividends, bonus securities and rights issues) of the securities.
Benefits of Securities Lending:
Ready to sign up for Securities Borrowing?
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.
- At least 21 years of age
- Not a U.S Person (an individual who is U.S citizen or U.S resident)
- Not a bankrupt
Singaporean/ Singapore PR/ Foreigner residing in Singapore
- Singapore Identity Card (Pink or Blue)
- Bank Account Information
- Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Singapore
All copies of documentation has to be scanned or photographed from the original document.
Malaysian
- Malaysian Identity Card
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- For mailing address which is different from your Identity Card, please provide supporting document(s) issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in Malaysia or Singapore
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Foreigner not residing in Singapore
- Passport with at least 6 month validity
- Bank Account Information
- Singapore Bank Account Details (DBS/POSB/OCBC/UOB/MAYBANK) OR
- TT Details (TT Bank Name, Account Number & Currency Details)
- Supporting document(s) for residential address issued within the last 3 months such as:
- Telephone bills/Utility bills/Bank statement OR
- Statement from any Financial Institutions in your country OR
- Correspondence from any government bodies in your country
- For mailing address that is different from your residential address, please provide additional supporting document(s) issued within the last 3 months that reflects your mailing address.
All copies of documentation has to be scanned or photographed from the original document.
Note:
All supporting documents should be in English. Otherwise, there is a need to have each of these specific documents translated and certified by a qualified translator/translation company.
Enquiry
Have an enquiry? Get in touch with us at (+65) 6531 1555 or message us below!
