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 Security lending program.
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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 ...
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
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 ...