Affin Hwang launches retail SBL for investors
18 January 2019 Kuala Lumpur
Image: Shutterstock
Affin Hwang Investment Bank and Bursa Malaysia have launched retail securities borrowing and lending (SBL) for investors.
The retail SBL enables investors to lend assets which they already own but do not intend to sell immediately, to Affin Hwang Investment Bank, as the borrower.
According to Affin Hwang, it enables retail investors to earn interest incomes for lending their assets, and potentially gain more returns over and above the dividends they would normally receive.
Datuk Maimoonah Hussain, group managing director of Affin Hwang Capital, said: “Affin Hwang Investment Bank is committed to being a leader in the securities industry in Malaysia and our provision of excellence to clients through innovative products has always been our aim. The launch of this retail SBL clearly demonstrates this commitment.”
“Retail investors continue play a significant role in the domestic capital market. Therefore, Affin Hwang Investment Bank, in collaboration with Bursa Malaysia, are excited to offer this new product to the retail investors to potentially enhance their idle assets’ performance.”
Datuk Seri Tajuddin Atan, CEO, Bursa Malaysia, commented: “As at December 2018, there were 1.87 million retail accounts in our marketplace holding a portfolio worth RM 137.3 billion. Premised on this, investors can generate additional income through lending out their idle securities holdings in SBL transactions, and potentially increase the overall return from their investments,”
“I would like to commend Affin Hwang Investment Bank for taking the initiative to venture into the retail SBL segment with today’s launch, which will encourage retail investors to join the institutional players in making use of this facility to enhance their returns from idle assets.”
The retail SBL enables investors to lend assets which they already own but do not intend to sell immediately, to Affin Hwang Investment Bank, as the borrower.
According to Affin Hwang, it enables retail investors to earn interest incomes for lending their assets, and potentially gain more returns over and above the dividends they would normally receive.
Datuk Maimoonah Hussain, group managing director of Affin Hwang Capital, said: “Affin Hwang Investment Bank is committed to being a leader in the securities industry in Malaysia and our provision of excellence to clients through innovative products has always been our aim. The launch of this retail SBL clearly demonstrates this commitment.”
“Retail investors continue play a significant role in the domestic capital market. Therefore, Affin Hwang Investment Bank, in collaboration with Bursa Malaysia, are excited to offer this new product to the retail investors to potentially enhance their idle assets’ performance.”
Datuk Seri Tajuddin Atan, CEO, Bursa Malaysia, commented: “As at December 2018, there were 1.87 million retail accounts in our marketplace holding a portfolio worth RM 137.3 billion. Premised on this, investors can generate additional income through lending out their idle securities holdings in SBL transactions, and potentially increase the overall return from their investments,”
“I would like to commend Affin Hwang Investment Bank for taking the initiative to venture into the retail SBL segment with today’s launch, which will encourage retail investors to join the institutional players in making use of this facility to enhance their returns from idle assets.”
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