Stock Yield Enhancement Plan New | Stock Borrowing & Lending | Products

Stock Yield Enhancement Plan

Stock Yield Enhancement Plan

What is "Stock Yield Enhancement Plan"？

You can now participate in the Stock Yield Enhancement Plan, which allows Phillip Securities to borrow US stocks from your stock account and lend them to counterparties who wish to engage in short selling and are willing to pay borrowing interest. As a participant, you will receive collateral (in cash) and daily borrowing interest for the stocks lent out. The borrowing interest will be determined based on the prevailing market interest rates. During the borrowing period, you are free to trade the borrowed US stocks at any time without any restrictions.

Note: Phillip Securities will automatically borrow stocks from your account based on market demand without providing separate notification.

While Phillip borrows your stocks, the collateral we provide will be held in a third-party trust institution, and you will not be allowed to withdraw or transfer these funds at any time. It is only for safe keeping purpose, for more information please refer to the terms and conditions. You can also check the borrowing interest you receive on the daily statement.

Example:

Let's assume the closing price of ABC stock is $100, and you lend 5,000 shares of this stock. If Phillip receives borrowing interest from the counterparty at 10%, Phillip will pay you daily borrowing interest as follows: (100 * 5000 * 5%) / 360 = $69.

Note: The profits will be split 50% each between Phillip and the customer.

How to apply for or withdraw from the Stock Yield Enhancemen Plan?

Please contact your broker colleagues or call the Securities Borrowing and Short Selling Department at: 2277-6622.

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Client Agreement

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Note: Stock Yield Enhancement Plan only provides electronic form of daily statement and monthly statement. For enquiry please contact your account executive or Phillip SBL department.

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