Monday, November 15, 2010

SLBM SCHEME


  • The SLB mechanism enables an investor to sell security in the cash market without actually owing them.
  • Investor need not square off their positions as the SLB platform enables borrowing via an approved intermediary
  • SLBM period extended up to 1 year
  • 100% upfront margin is called.
  • Stock borrowers must return dividends to lender on record date on T + basis.

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