My understanding is that some brokers have in the fine print that they can lend shares they hold on clients' behalf, just like a bank lends customers' savings to investors and home mortgagees. As long as a bank keeps enough cash in reserve to cover withdrawals (or be able to borrow from another bank if they lend too much and savers withdraw more than expected), all fine and dandy. If the bank or broker stuffs it up, they can be sued for equivalent damages. Maybe Australian brokers can't do it with ASX stocks but overseas brokers can..?
Happy to be corrected or more reliably informed.
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3.8¢ |
Change
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Mkt cap ! $55.32M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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| 4.0¢ | 1272049 | 10 |
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