BSE adds rollover option for sec lending contracts
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BSE adds rollover option for sec lending contracts 07 September New Delhi Reporter: Drew Nicol
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The Bombay Stock Exchange (BSE) has launched a rollover facility for its securities exchange service in an attempt to boost interest in the securities lending market.
The new facility, which goes live Monday (7 September), will allow for a three-month rollover period including the original one-month contract period plus two monthly rollover contracts.
The rollover facility will be available to all BSE members who have an existing borrow or lend position.
The move adds a greater level of flexibility to BSE securities exchanges by allowing for securities contracts to be extended after the initial trade deal is struck.
The launch was initially triggered by a recommendation by the Securities and Exchange Board of India
Early recall and early return options will be available for rollover contracts for both lenders and borrowers.
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