Will I get dividend on the lent securities?

• Related Articles

• 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 ...

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

  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 ...

• 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 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.