Fully Paid Securities Lending
Sarwa will enable eligible customers to participate in a fully paid securities lending program (FPSL). Customers who opt in will allow their fully paid securities to be lent out to other market participants. In return, they will earn interest income on the lent securities.
- How does the FPSL program work?
- How can I enrol and un-enrol from the fully paid securities lending program?
- Who is Alpaca and what role do they play in the FPSL program?
- If my loaned securities are needed for an option exercise, what happens next?
- Are all my Sarwa Accounts elegible for the FPSL program?
- What are the benefits of enrolling in the program?
- What are the risks of enrolling in the program?
- Am I eligible to participate in the FPSL program
- What types of investments are eligible for the FPSL program?
- Can I choose which stocks to lend out?
- Will all eligible shares be lent out?
- How are lending rates determined?
- When is interest earned on lent securities paid out?
- Can I still sell a security while it is out on loan?
- How will dividends be handled within the Securities Lending Fully Paid Program?
- Will SIPC coverage be impacted?
- Will I continue to have voting rights for my securities loaned out under the FPSL program?
- Does the Fully Paid Securities Lending Program still provide benefits if I have written call options on my shares?