Author:Nigerian Exchange Limited says it will continue to collaborate with stakeholders to enhance securities lending transactions and provide an efficient and liquid market for investors.
securities lending transactions have become an important element of capital markets all over the globe.He added that if securities are not bought and sold in outright market transactions, they are lent to parties wanting to borrow them, or used as collateral to raise short-term finance. “Since the securities lending and borrowing services were officially launched in the Nigerian market in December 2015, uptake has steadily risen, though not as robust as envisaged.
Chiemeka further said, from the lender’s point of view, the benefits of securities lending included the ability to earn additional income through the fee charged to the borrower of the security.
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