What is the guarantee that my lent securities will be safe?

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• How will I know the details of my lent securities?

  Users will find a new section called ‘Fully Paid Securities Lending Interest Supplement Report’ in the monthly account statement which will provide details such as securities lent, quantity, interest accrued and collateral. This report can be ...

• 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 rights do I hold on the lent securities?

  The user can recall, terminate, liquidate or sell the loaned securities at any time for any reason. However, user will not have any voting rights on the lent securities.

• What will remain in my possession when my securities are lent?

  Every user participating in the lending program will be entitled to dividend income and interest income on the loaned securities

• What will be transferred to the borrower when my securities are lent?

  Title and ownership, voting rights of the securities will be transferred to the borrower for the loan period.