Products & Services

Securities Lending & Borrowing (SLB)

Following are the key features of SLB:

SLB transactions are executed through an On-Line trading platform provided by NCCPL to lenders and borrowers for placing offers and bids.
SLB is an undisclosed market for Lenders and Borrowers.
The motivation for lenders is to earn income/return on their Idle Securities.
The borrowers may utilize SLB functionality to avoid delivery failure in ready market or to make a short sale.
SLB facility is made available only in Eligible Securities, selected on the basis of approved criteria.
The Premium of SLB is capped to KIBOR+15%.
SLB Contract period is maximum for 14 working days.
On Settlement Day, the lender delivers the lended securities and borrower pays the total amount of borrowed securities.
SLB Transactions are settled with Regular Market Trades.
NCCPL manages Risk Management of SLB Transaction.