LEND-BORROW TRANSACTION :

Lending & Borrowing is facilitated on an automated screen based platform where the order matching is on price time priority. The participant needs to quote the lending fee per share on the order matching platform.



EARLY RECALL TRANSACTION :

A lender who is interested in recalling any security prior to the stock return day of the contract will have to place a RECALL order on the order matching platform specifying the contract ID, number of shares and the lending fee he wishes to forego for the balance period.

If a match is found with a lender or an Early Return order, then rules applicable to clearing and settlement of a regular lending and borrowing transaction in the regular SLB Platform will be applicable. The only exception is that the successful execution of the recall order will extinguish the original lend position.

The lender can only enter a RECALL request if he has existing Lend position. The recall request can be made for partial quantity.

In case the early recall transaction is for a custodial participant, the custodian transaction has to be confirmed as per existing procedure for custodial transactions.



EARLY RETURN TRANSACTION :

A borrower who is interested in returning any security prior to the stock return day of the contract will have to submit a RETURN Order specifying the contract, number of shares, and the lending fee.

If a match is found with a borrower or with a recall order, then rules applicable to clearing and settlement of a regular lending and borrowing transaction in the regular SLB Platform will be applicable. The only exception is that the successful execution of the return order will extinguish the original borrow position.