Securities Lending in Markets We Service

Securities Lending Programs in 10 Foreign Markets

We provide securities lending via stock loans, repo/buy backs and block trades for securities traded on the exchanges listed in the table below. For some portfolios pledged for stock loans a No-Title Transfer can be arranged.

Brokerage custodial services for our securities lending programs are located in Hong Kong, Indonesia, Singapore, South Korea, and Vietnam.

Country Exchange Exchange Abbreviation
Australia Australian Securities Exchange ASX
Canada Canadian National Stock Exchange CNSX
Canada Toronto Stock Exchange TSX
Germany Frankfurt Stock Exchange FWB
Hong Kong Hong Kong Stock Exchange HKEX
Indonesia Indonesia Stock Exchange IDX
Singapore Singapore Stock Exchange SGX
South Korea Korea Stock Exchange KRX
Taiwan Taiwan Stock Exchange TSEC
Vietnam Vietnam Stock Exchange VNX

Please inquire if you do not see your exchange listed as we may be able to help.

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Securities Lending and Traditional Lending Practices

Share Secured Loan and Asset Utilization

A shared secured loan uses a borrower’s investment portfolio as collateral, allowing borrowing against the value of their unrestricted stocks. Traditional loans, on the other hand, often require physical assets like real estate or vehicles as collateral, or they may be unsecured, relying on the borrower’s credit history and income.

Loan Purpose and Restrictions

Securities lending is typically non-recourse, non-purpose, meaning the funds can be used to buy more securities or pay down margin loans. Traditional loans have fewer restrictions and can be used for a variety of purposes, including investment activities.

Loan-to-Value Ratios

The LTV ratio in securities lending is determined by the value of the securities and can vary widely, offering potentially higher borrowing limits. Traditional loans have LTV ratios based on the appraised value of the collateral which may result in lower borrowing limits.

Interest Rates and Costs

In securities lending often features competitive interest rates, usually tied to benchmarks like the LIBOR or prime rate, and offer interest-only payment options. Traditional loans can have higher interest rates and typically require principal and interest payments over a set term.

Flexibility and Speed

Securities lending provides quick access to funds with a streamlined application process, making it an attractive option for those needing immediate liquidity. Traditional lending processes can be more time-consuming, with extensive documentation and longer approval times.

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