Saxo Japan launches stock lending service
Saxo Bank Securities Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today announced the launch of a stock lending service.
Stock lending is a service through which you make your stocks and ETFs available for lending to other market participants. Sometimes, the market is hungry for certain stocks and if you own these, you can earn extra revenue by lending them out.
The best part: your stocks are still yours – you’ll see them in your portfolio, you’ll receive payments equivalent to applicable dividends, and you can sell your shares whenever you like. So, aside from the opportunity to enhance your returns, nothing changes for you.
Features of the newly launched stock lending service are as follows:
1. A new option: lending stocks
With the stock lending service, customers can gain new profit opportunities without having to sell their stocks. Stock lending interest is accrued daily based on market conditions, and the current month’s lending interest is received the following month.
2. A wide selection of stocks with high lending interest rates, including US stocks.
Stock lending is available for US, French, German, Swiss, Spanish, and Italian stocks, with a total of over 6,500 stocks and ETFs.
