The transaction shall be cancelled, however, the lending fee shall be collected and passed on to the lender.
In case of Corporate Actions other than dividend and stock spilt, transactions are foreclosed 2 days prior to ex-date or as prescribed by NSCCL from time to time. For dividends… Read more »
A participant having an existing borrow position can repay the securities to NSCCL. On receipt of securities the margins levied on borrower are immediately released. The borrower can further lend… Read more »
A participant having an existing lend position can recall a position by entering a recall order on the trading terminal. The lender shall quote the lending fee it wishes to… Read more »
The margins are collected from the collaterals of participant/custodian. Participant/Custodian can provide collaterals in form of cash, fixed deposit or bank guarantee.
T Day: The Transaction is executed on T Day between the lender and borrower. T+1 day: The Lenders are required to deliver the securities for pay-in on T+1 day. Securities… Read more »
a) No margins are levied on the lender b) 100% of lending price, Value at Risk margins, Extreme Loss Margins (same as applicable in Cash market for buying or selling… Read more »
a) In case of borrower only the lending fee is levied upfront as margin. b) In case of lender, 25% of the lending price (T-1 cash market closing price) and… Read more »
Lending fee is quoted on per share basis. Lending fee may be quoted based on the annualized yield expected by the lender or the cost which the borrower expects to… Read more »
The tenure for SLB transactions is up to 12 months. 12 fixed monthly tenures with fixed reverse leg settlement dates are available for transactions in SLB. The fixed settlement dates… Read more »