Institutional Scrip Lending, which when the likes of JP Morgan, HSBC, Citibank etc as sub-custodians, and the State Streets and Northern Trusts as Master Custodians are involved, is operated on a fully cash backed basis, with collateral reviews. This is icing for them and their clients, not the cake. Instos cannot, and will not lose on these lending operations. Any dividends are repaid to the beneficial owners by the borrowers. As you point out, the lenders accounts are prepared on the basis of the stock being owned. Chances are, if you hold a retail super product, your fund is facilitating the shorting of STX.
Institutional Scrip Lending, which when the likes of JP Morgan,...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.3¢ |
Change
0.013(6.25%) |
Mkt cap ! $586.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $991.0K | 4.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 941086 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 1476660 | 50 |
View Market Depth
| Last trade - 14.50pm 01/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |