Which securities are eligible?
You can choose to lend any securities that are selected for the lending pool. View the list of eligible securities.
We'll constantly assess the list of eligible securities and the requisite quantity for lending as the pool of lenders and borrowers increases.
How will I know if my securities are lent?
As a lender, you'll receive a loan confirmation each time a loan is effected. Your outstanding loans will also be detailed in your monthly account statement.
You can also monitor your shareholding movements via CDP Internet Access, which provides immediate and secure online access to account information. Sign up for CDP Internet Access.
How is the lending fee calculated?
Based on the following formula, the lending fee of each loan is the total fee accrued daily:
Fee = Rate % x Loan Value x Days / 365
Where Rate % = Prevailing lending rate
Loan Value = No. of shares x share closing price at end of each day
Days = Loan duration
With Direct Crediting Service (DCS), you can choose to have your lending fees credited directly into your preferred bank account. If you have yet to sign up, you can do so now.
What are the tax implications?
Your lending fee is an income and subject to tax. For non-residents, the lending fee received is grossed and there is no withholding tax.
The transfer of securities and collateral is not regarded as a disposal or sale, and is not taxable.
Forms » Register as a Lending Participant (Individual)
» Register as a Lending Participant (Corporation)
Fees » Lending & Borrowing
Lending Pool
Eligible Securities
Instructions & Deadlines
Circulars
Terms & Conditions
FAQs
|
