SGX lowers rates to spur scrip borrowing and lending activities
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Singapore
THE Singapore Exchange (SGX) will replace the fixed rates for its securities borrowing and lending (SBL) programme with variable and more competitive rates with effect from Dec 2, a move which will benefit both borrowers and lenders, the local bourse said in a statement on Wednesday.
Under the current programme, the lending fee rate is fixed at 4 per cent per annum, while the borrowing fee rate stands at 6 per cent per annum.
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