Adani Enterprises 1804.95Adani Ports &Special 666.75Apollo Hospital Ent. 4313.00Asian Paints 2855.15Axis Bank 837.55Bajaj Auto 3805.00Bajaj Finance 5550.80Bajaj Finserv 1245.40Bharti Airtel 754.80BPCL 359.65Britannia Inds 4331.85Cipla 866.70Coal India 217.05Divi's Lab 2800.20Dr. Reddy's Lab 4439.45Eicher Motors 2952.00Grasim Industries 1592.80HCL Tech. 1090.85HDFC 2554.70HDFC Bank 1561.75HDFC Life Insurance 465.25Hero MotoCorp 2339.35Hindalco 385.75Hindustan Unilever 2511.20ICICI Bank 836.45Indusind Bank 1002.30Infosys 1403.65ITC 378.80JSW Steel 668.15Kotak Mahindra Bank 1699.65Larsen & Toubro 2177.55Mahindra & Mahindra 1167.65Maruti Suzuki 8219.60Nestle 18937.85NTPC 176.00ONGC 152.30Power Grid Corp 227.50Reliance Industries 2201.25SBI 519.20SBI Life Insuran 1074.10Sun Pharma Inds. 961.20Tata Consumer Produc 702.60Tata Motors 410.75Tata Steel 104.50TCS 3143.30Tech Mahindra 1109.00Titan Co 2459.95Ultratech Cement 7243.20UPL 708.10Wipro 367.15
Security landing and borrowing mechanism
Security landing borrows and mechanism (SLBM) is a system where a trader borrows equity shares that they do not already own or lends shares that they own or lends shares that they own but with no intention to sell them.
Individuals can borrow stocks and short-sell equities that they do not own in the market.
It is a hedging tool that is frequently used to balance potential hazards.
Possibility of boosting liquidity for traders.
Allows investors to earn fees on long-term held equities if they use them as collateral.
This tool can be used by sophisticated and experienced traders to boost liquidity.
Hedgers who want to reduce their possible risks and losses.
Retail investors can use this service to lend their shares and earn fees.
Tenure of lending and borrowing is available for up to a period of 1 to 12 months.
Mainly securities traded in the F&O segment are eligible for lending and borrowing.
Investors can generate additional income from the idle shares in their portfolio.
Exchange provides a list of securities for SLB trading every month.
The specified reverse leg settlement date is the first Thursday of the corresponding month. Thus, each reverse leg settlement date is assigned a specific series number.
All corporate action benefits go to the lender, for those who lend the shares in the SLBM platform.
The borrower has the option to repay the obligation before the first Thursday of the month.
Exchanges quote lending fees per share. It is usually based on the rate of return expected by the lender, interest rate, and tenure.
SLBM is offered through an automated online platform with a facility for trading on price-time priority.