Features of SLBS

NSCCL as an Approved Intermediary launched the Securities Lending & Borrowing Scheme on April 21, 2008. Lending & Borrowing is facilitated on an automated screen based platform where the order matching is on price time priority. The participant needs to quote the lending fee per share on the order matching platform.

Features of Securities lending and borrowing scheme

  • Automated screen based trading platform with online matching of trades based on price- time priority
  • Tenure of lending and borrowing available upto a period of 12 months
  • A facility for placing early recall request for the securities lent is provided to the lender
  • A facility for the borrower to make an early repayment of securities and further relend them

The transactions are based on fixed monthly tenures with specified reverse leg settlement dates and the tenure ranges from 1 month up to 12 months. The specified reverse leg settlement date is the first Thursday of the corresponding month. Each reverse leg settlement date is assigned a specific series number. Securities traded in F&O segment are eligible for lending & borrowing under the scheme.

The following series are available for transactions in SLB

Sr No. Month of Reverse Leg Settlement Date
01 January
02 February
03 March
04 April
05 May
06 June
07 July
08 August
09 September
10 October
11 November
12 December

Related Links

Watch the market live!
Get real-time market analyses!
More about our Risk Management practices

You may also be
interested in:

Did You Know

The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

More investment concepts