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 interest income, which will be proportional to the securities lent and the loan quantity
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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 ...
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 ...
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 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.
How would securities lending benefit me?
For every security lent, the user will earn an income through interest depending on the type, value and quantity of security lent.