Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,868.40
    -1,900.55 (-3.03%)
     

  • CMC Crypto 200

    1,263.64
    -94.37 (-6.95%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • Dow

    39,512.84
    +125.08 (+0.32%)
     

  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     

  • Gold

    2,366.90
    +26.60 (+1.14%)
     

  • Crude Oil

    78.20
    -1.06 (-1.34%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

BRIEF-Singapore Exchange To Replace Fixed Rates For Its Securities Borrowing & Lending Programme

Reuters SG

Nov 27 (Reuters) - Singapore Exchange Ltd:

* WILL REPLACE FIXED RATES FOR ITS SECURITIES BORROWING AND LENDING PROGRAMME WITH VARIABLE AND MORE COMPETITIVE RATES

* FROM 2 DEC, BORROWING RATES FOR INDEX STOCKS, REITS & BUSINESS TRUSTS WILL BE AT 0.5% AND REST OF SECURITIES AT 4%

* FROM 2 DEC ONWARDS, ANY SECURITIES ON LOAN WILL CONTINUE TO BE ON LOAN AT ENHANCED 70% OF PREVAILING BORROWING RATE

* FIXED RATES TO BE REPLACED WITH COMPETITIVE VARIABLE RATES FOR OVER 450 SECURITIES, WITH EFFECT FROM 2 DEC

* LENDERS' FEES WILL BE CALCULATED BASED ON 70% OF BORROWING FEE Source text for Eikon: Further company coverage: