Can I sell my shares while I'm participating in the lending program?
Yes, you can sell your shares irrespective of whether they have lent or not.
There should not be any impact on selling/ liquidating the shares. The loan can be terminated at any point in time by simply opting out of the program. This can be done by disabling the'Securities lending'feature in the Account Settings
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When will I start lending my securities after opting into the lending program?
The instant you opt in to the program, DriveWealth can start to aggregate your holdings and lend it as and when required in the U.S Securities Lending market. However, there is no guarantee that your securities will be lent if you participate in the ...
What is Securities Lending?
Securities Lending is a FPSL program which stands for Fully Paid Securities Lending. Opting into the program would mean that your securities will be lent in one or many U.S Securities Lending market and in return, you will be eligible for additional ...
Can I borrow securities if I participate in the Securities lending program?
No, by participating in the Securities lending program and signing the relevant disclosures, you only allow the clearing house to lend your securities and will not be able to borrow any. RBI regulations do not permit brokers to facilitate securities ...
How can I sign up for Securities Lending?
By default, all users will be signed up for the Securities lending program on accepting the updated Stockal user agreement unless someone opts out. To change your security lending setting, you can click on"Enable now" under the the'Investing ...
How can I opt out from Securities Lending?
To change your security lending setting, you can click on"Disable now"under the the'Investing Profile'section of Account Settings on Stockal mobile or web application. Please note, this may take up to 24 hours reflect on the reports.