Stocks
Receive more from your holding securities!
Introducing our new product - Securities Lending, where you (the owner of a security as well as the lender) can lend us your securities and in return, we will pay you a lending fee for the period the securities are loaned to us.
Instead of idling your securities, let them earn more for you! Receive a lending fee when your securities are loaned to us.
Easy opt-in and fuss-free lending process handled by Maybank Securities.
Instead of holding your securities, loan them to us to receive a lending fee.
The lending fee you should receive is accrued on a daily basis and paid the following month.
For example, assuming you have 10,000 units of securities loaned to us:
(Quantity * Loan Price * Lending Rate * Days on loan) / Day Count Basis
Where:
Quantity = 10,000
Loan Price = 5.00 AUD
Lending rate = 0.5%
Days on Loan = 1
Day count basis = 365
Daily lending fee you should receive = (10,000 x 5.00 x 0.5% x 1)/365 = $0.68.
Corporate actions with loaned securities
For example, Assuming you are holding 20,000 shares of ABC Corp., with 10,000 shares on loan:
You will still receive all dividends (and other benefits such as bonus shares or rights issues) for the 20,000 shares you are holding. However, you will lose the proxy voting rights for the 10,000 shares on loan.
Selling loaned securities
* Cut-off time varies by market and subject to change at our discretion. For more information, kindly contact your TR.
Investors should consider the following risks which are applicable to Securities Lending: