BSE adds rollover option for sec lending contracts
07 September New Delhi
Image: Shutterstock
The Bombay Stock Exchange (BSE) has launched a rollover facility for its securities exchange service in an attempt to boost interest in the securities lending market.
The new facility, which goes live Monday (7 September), will allow for a three-month rollover period including the original one-month contract period plus two monthly rollover contracts.
The rollover facility will be available to all BSE members who have an existing borrow or lend position.
The move adds a greater level of flexibility to BSE securities exchanges by allowing for securities contracts to be extended after the initial trade deal is struck.
The launch was initially triggered by a recommendation by the Securities and Exchange Board of India
Early recall and early return options will be available for rollover contracts for both lenders and borrowers.
The new facility, which goes live Monday (7 September), will allow for a three-month rollover period including the original one-month contract period plus two monthly rollover contracts.
The rollover facility will be available to all BSE members who have an existing borrow or lend position.
The move adds a greater level of flexibility to BSE securities exchanges by allowing for securities contracts to be extended after the initial trade deal is struck.
The launch was initially triggered by a recommendation by the Securities and Exchange Board of India
Early recall and early return options will be available for rollover contracts for both lenders and borrowers.
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