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.
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 ...
The borrower's collateral will be used by DriveWealth to make the lender's position whole (i.e., DriveWealth will repay the borrowed securities or equivalent amount to the lender). This collateral will be 2% higher than the share price of the lent ...
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 ...