Securities Finance Repo Securities Lending & Borrowing Triparty Collateral Management Collateral CockpitTM Info Center Products & Services The Swiss Stock Exchange Post-Trade Securities Finance Securities Lending & Borrowing Securities Lending & Borrowing Settle Every Trade On Time with No Shortfalls in Securities Settle Every Trade On Time Settlement-driven Securities Lending & Borrowing is a popular service offered by the Swiss Stock Exchange. As principal, the Swiss Stock Exchange’s CSD acts for its own account. This means that we borrow the securities provided by the lender and pass them on immediately to the borrower. The positions agreed for securities lending are transferred to a separate lending account, from which a virtual lending pool is created. Clients with short positions can then borrow the securities they need for settlement from this pool. This ensures that there is never a shortfall in securities and that your trades settle on time. Every time. How You Will Benefit Profit from Lending Fees Sixty percent of the lending fees are charged to the borrower and passed on to the lender, thus generatinga significant increase in revenue. Remain the Beneficial Owner As a lender, you continue to benefit from all rights and all dividend income generated by the securities. SecLend (Bilateral) Delivery versus delivery settlement in real time reduces risk significantly. Need Expert Advice? We are looking forward to answer any questions you might have. Contact Us About This Service Securities Lending and Borrowing is a complex business covering trading, settlement instructions, collateral management and loan management. Our services will enable you to access this business in an efficient manner while reducing risk and maximizing profit on lending fees. Beneficial OwnershipAlthough ownership of the securities is transferred from lender to borrower for the duration of the loan, the lender remains the beneficial owner. This means that all rights and income accruing from the securities are credited to the lender. We make sure that the corresponding compensation payments are automatically passed on from borrower to lender. SecLend (bilateral)Our securities lending product enables bilateral trading. SecLend is fully automated – from the trade all the way through to settlement. With SecLend, settlement risks are largely eliminated thanks to delivery versus delivery (DVD) settlement in real time. This opens up a lending opportunity for you, offering new sources of income and attractive business possibilities, while ensuring the lowest possible operating risks.