Adani Enterprises 2460.00Adani Ports &Special 828.10Apollo Hospital Ent. 5074.70Asian Paints 3153.75Axis Bank 1029.20Bajaj Auto 5022.00Bajaj Finance 7783.90Bajaj Finserv 1542.75Bharti Airtel 928.35BPCL 346.60Britannia Inds 4522.00Cipla 1174.85Coal India 292.40Divi's Lab 3709.50Dr. Reddy's Lab 5524.00Eicher Motors 3451.55Grasim Industries 1926.00HCL Tech. 1235.25HDFC Bank 1527.10HDFC Life Insurance 632.80Hero MotoCorp 2981.50Hindalco 478.60Hindustan Unilever 2455.75ICICI Bank 947.40Indusind Bank 1417.70Infosys 1422.00ITC 442.10JSW Steel 775.75Kotak Mahindra Bank 1736.35Larsen & Toubro 3051.00LTIMindtree 5207.10Mahindra & Mahindra 1558.70Maruti Suzuki 10566.00Nestle 22540.20NTPC 244.40ONGC 189.20Power Grid Corp 200.00Reliance Industries 2347.70SBI 595.55SBI Life Insuran 1290.00Sun Pharma Inds. 1139.25Tata Consumer Produc 879.00Tata Motors 623.25Tata Steel 127.75TCS 3514.15Tech Mahindra 1227.25Titan Co 3156.75Ultratech Cement 8158.55UPL 618.70Wipro 402.80
Security landing and borrowing mechanism
The Security Lending and Borrowing Mechanism (SLBM) is a system where a trader borrows equity shares that they do not already own, lends shares that they own, or lends shares that they own but with no intention to sell them.
Individuals can borrow stocks and short-sell equities that they do not own in the market.
It is a hedging tool that is frequently used to balance potential hazards.
Possibility of boosting liquidity for traders.
Allows investors to earn fees on long-term held equities if they use them as collateral.
This tool can be used by sophisticated and experienced traders to boost liquidity.
Hedgers who want to reduce their possible risks and losses.
Retail investors can use this service to lend their shares and earn fees.
Tenure of lending and borrowing is available for up to a period of 1 to 12 months.
Mainly securities traded in the F&O segment are eligible for lending and borrowing.
Investors can generate additional income from the idle shares in their portfolio.
Exchange provides a list of securities for SLB trading every month.
The specified reverse leg settlement date is the first Thursday of the corresponding month. Thus, each reverse leg settlement date is assigned a specific series number.
All corporate action benefits go to the lender, for those who lend the shares in the SLBM platform.
The borrower has the option to repay the obligation before the first Thursday of the month.
Exchanges quote lending fees per share. It is usually based on the rate of return expected by the lender, interest rate, and tenure.
SLBM is offered through an automated online platform with a facility for trading on price-time priority.