I think they are usually done via a repurchase agreement.
Let's say I had 1 million shares to lend ( I don't mind you), you buy them off me for $3million . And we have an agreement that at some point in the future you will give me back the shares and I will give you $3million back. So the reversal of the initial trade is done at the same rate.
And for the whole time you have borrowed my shares I charge you interest.
At some point in the future I will get the shares back.
As the original owner I don't care if borrower makes or loses money, I pick up interest on the shares lent.
Running discussion on SP, page-5606
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Last
$1.95 |
Change
-0.025(1.27%) |
Mkt cap ! $373.1M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.04 | $1.94 | $997.2K | 499.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11374 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 4194 | 11 |
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| Last trade - 14.54pm 10/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |