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7UP 46.00 0.00    ABCTRANS 0.50 0.00    ACCESS 6.86 0.06    AFROMEDIA 0.50 0.00    AGLEVENT 1.38 0.00    AIICO 0.50 0.00    AIRSERVICE 1.55 -0.08    ALEX 10.60 0.00    ASHAKACEM 10.25 -0.25    BAGCO 1.64 0.07    BERGER 8.26 -0.43    BOCGAS 6.83 0.00    CADBURY 9.02 0.00    CAP 14.40 0.62    CAPHOTEL 6.78 0.00    CCNN 4.60 0.00    CHAMPION 3.46 -0.18    CHEVRON 43.39 0.00    CILEASING 0.50 0.00    CONOIL 25.27 -1.33    CONTINSURE 0.75 -0.02    CUSTODYINS 1.45 -0.05    CUTIX 1.32 -0.06    DAARCOMM 0.50 0.00    DANGCEM 105.49 -4.51    DANGFLOUR 4.37 0.10    DANGSUGAR 3.78 0.14    DIAMONDBNK 2.40 0.00    DUNLOP 0.50 0.00    EKOCORP 5.05 0.00    ENAMELWA 36.19 0.00    ETERNAOIL 4.12 0.00    ETI 10.30 0.05    EVANSMED 0.58 0.00    FCMB 4.20 0.05    FIDELITYBK 1.37 0.01    FIDSON 0.71 0.03    FIRSTBANK 11.50 0.13    FLOURMILL 53.20 0.00    FO 10.10 0.00    GLAXOSMITH 22.00 0.00    GNI 0.50 0.00    GOLDINSURE 0.59 0.02    GTASSURE 1.29 0.06    GUARANTY 14.10 0.08    GUINEAINS 0.50 0.00    GUINNESS 221.00 0.00    HONYFLOUR 2.33 0.00    IBTC 7.15 0.04    IKEJAHOTEL 1.38 0.06    INTBREW 5.70 0.00    INTENEGINS 0.50 0.00    JAPAULOIL 0.74 0.00    JBERGER 20.91 -1.10    LASACO 0.50 0.00    LAWUNION 0.50 0.00    LINKASSURE 0.50 0.00    LIVESTOCK 0.93 0.04    LONGMAN 2.81 0.00    MAYBAKER 2.75 0.05    MBENEFIT 0.50 0.00    MOBIL 133.00 0.00    MORISON 7.77 0.00    NAHCO 7.27 -0.38    NASCON 3.65 -0.18    NB 98.00 -0.10    NCR 9.75 0.00    NEIMETH 0.98 0.00    NEM 0.50 0.00    NESTLE 441.00 0.00    NEWGOLD 2693.00 17.00    NIGERINS 0.50 0.00    NIWICABLE 0.50 0.00    OANDO 19.49 0.34    OASISINS 0.50 0.00    OKOMUOIL 21.89 0.00    PRESCO 8.89 0.00    PRESTIGE 0.67 -0.03    PZ 26.00 -0.90    REDSTAREX 2.43 0.00    RESORTSAL 0.50 0.00    RTBRISCOE 1.20 0.00    SCOA 5.52 0.00    SKYEBANK 3.81 0.06    STARCOMMS 0.50 0.00    STERLNBANK 1.01 0.04    TOTAL 171.48 0.00    TRANSCORP 0.50 0.00    UAC-PROP 11.50 0.00    UACN 30.00 0.00    UBA 2.17 0.10    UBN 7.81 0.00    UNIC 0.50 0.00    UNILEVER 28.42 0.47    UNITYBNK 0.50 0.00    UNIVINSURE 0.50 0.00    UPL 3.21 0.00    UTC 0.50 0.00    VITAFOAM 3.46 0.16    VONO 2.88 0.00    WAPCO 42.60 -1.40    WAPIC 0.50 -0.02    WEMABANK 0.50 0.00    ZENITHBANK 12.50 0.17   
Securities Lending
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​ ​Overview​

 

Securities lending and Borrowing – refers to the lending of securities by one party to another. Securities lending and borrowing is driven by a diverse set of considerations such as raising portfolio returns, taking positions, creating leverage, raising finance, increasing delivery efficiency, and others. The terms of the loan, governed by a "Securities Lending Agreement", require that the borrower provides the lender with collateral such as cash, government securities, or a Letter of Credit of value equal to or greater than the loaned securities. This agreement is a contract enforceable under relevant law, often specified in the agreement.

 
As payment, the parties negotiate a fee, quoted as an annualized percentage of the value of the loaned securities. If the agreed form of collateral is cash, then the fee may be quoted as a "rebate", meaning that the lender will earn all of the interest which accrues on the cash collateral, and will "rebate" an agreed rate of interest to the borrower.

 

 

 

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