Rent Stocks
Stock renting and Borrowing
In case of Corporate Actions other than dividend and stock spilt, SLBM contracts are foreclosed on ex‐date or as prescribed by NSCCL from time to time.The renting fee will be adjusted on pro-rata basis and the same will be credited/debited from ledger balance.
For dividends the dividend would be collected from the borrower and passed on the lender at the time of book closure/record date. And in case of stock split the borrower's obligation would be revised as per the proportionate spilt and would be passed on to the lender during the reversal leg.
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