Swissquote introduce securities lending for private clients
25 January 2024 Switzerland
Image: Boris Stroujko
Swiss online banking firm, Swissquote, has partnered with Sharegain to introduce securities lending for its private clients.
Users can lend their investment assets to reputable financial institutions for a monthly income via their bank account or app, choosing to lend their full portfolio or to exclude specific securities.
They will continue to receive dividends and retain the right to sell their securities at any time.
Initially, only shares and certain ETFs are eligible for lending, with Swissquote aiming to expand this option to more asset categories in the future.
Clients cannot vote in shareholder meetings during the loan period and may receive cash payments in lieu of regular dividends.
While they are on loan, Swissquote holds a collateral equivalent to 105% of the value of the loaned assets as a guarantee.
Jan De Schepper, chief sales and marketing officer at Swissquote says: 鈥淔ollowing a successful launch in Luxembourg, Swissquote is now opening this opportunity for all its clients, excluding those in the US, regardless of portfolio size. They profit from convenient extra passive income from the securities they already own.鈥�
Boaz Yaari, founder and CEO of Sharegain states: 鈥淲e are delighted to partner with the fantastic team at Swissquote and deliver greater value to them and their clients. For too long, securities lending has benefited only the largest financial institutions.鈥�
Users can lend their investment assets to reputable financial institutions for a monthly income via their bank account or app, choosing to lend their full portfolio or to exclude specific securities.
They will continue to receive dividends and retain the right to sell their securities at any time.
Initially, only shares and certain ETFs are eligible for lending, with Swissquote aiming to expand this option to more asset categories in the future.
Clients cannot vote in shareholder meetings during the loan period and may receive cash payments in lieu of regular dividends.
While they are on loan, Swissquote holds a collateral equivalent to 105% of the value of the loaned assets as a guarantee.
Jan De Schepper, chief sales and marketing officer at Swissquote says: 鈥淔ollowing a successful launch in Luxembourg, Swissquote is now opening this opportunity for all its clients, excluding those in the US, regardless of portfolio size. They profit from convenient extra passive income from the securities they already own.鈥�
Boaz Yaari, founder and CEO of Sharegain states: 鈥淲e are delighted to partner with the fantastic team at Swissquote and deliver greater value to them and their clients. For too long, securities lending has benefited only the largest financial institutions.鈥�
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