Adani Enterprises 2445.05Adani Ports &Special 736.60Apollo Hospital Ent. 4967.30Asian Paints 3237.25Axis Bank 926.10Bajaj Auto 4669.10Bajaj Finance 7023.90Bajaj Finserv 1457.25Bharti Airtel 836.50BPCL 360.05Britannia Inds 4654.15Cipla 965.85Coal India 230.90Divi's Lab 3511.60Dr. Reddy's Lab 4610.45Eicher Motors 3699.40Grasim Industries 1710.55HCL Tech. 1137.05HDFC 2645.90HDFC Bank 1606.50HDFC Life Insurance 576.40Hero MotoCorp 2892.65Hindalco 420.75Hindustan Unilever 2716.70ICICI Bank 938.15Indusind Bank 1288.20Infosys 1299.00ITC 443.40JSW Steel 706.60Kotak Mahindra Bank 1938.75Larsen & Toubro 2234.55Mahindra & Mahindra 1341.40Maruti Suzuki 9485.35Nestle 22046.45NTPC 174.55ONGC 154.70Power Grid Corp 234.60Reliance Industries 2455.20SBI 587.20SBI Life Insuran 1202.50Sun Pharma Inds. 999.60Tata Consumer Produc 796.05Tata Motors 535.90Tata Steel 108.00TCS 3305.60Tech Mahindra 1123.10Titan Co 2861.65Ultratech Cement 7850.65UPL 683.35Wipro 404.95
Security landing and borrowing mechanism
Security landing borrows and mechanism (SLBM) is a system where a trader borrows equity shares that they do not already own or 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.