loading...
Dubai CSD page header image

Securities Lending & Borrowing (SLB)

The terms "SBL" or "SLB", or "Securities Lending" refer to a temporary loan of securities by a lender or borrower where the:

  1. Lender may recall securities at any time, allowing shares to be returned within the normal market settlement cycle notwithstanding an agreed maturity date.
  2. Borrower may return securities at any time.

Ownership over the lent securities passes from lender to borrower. The borrower has certain rights, for example the right to sell or lend to another borrower, attend AGMs. The borrower is entitled to economic benefits for example dividends, but the SLB agreement with the lender will oblige the borrower to make [“manufacture”] equivalent payments back to the lender. A lender of securities no longer owns them and has no entitlement to vote. Lenders reserve the right to recall securities from the borrower and must exercise this option if they wish to vote.


Benefits of SLB

It promotes market efficiency and liquidity and reduces market volatility by reducing bid/offer spread and increasing bid/offer depth.

SLB allows price discovery and the arbitrage of pricing inefficiencies.

SLB also supports the development of the capital markets by facilitating various investment strategies, use for fail coverage to ensure smooth settlement cycles and provides a lender incremental return to a portfolio.

DFM Borrowing and Lending Agent for the year 2025

#
Brokerage Firm/Custodian Name
Primary Contact Details
Secondary Contact Details
1
Al Ramz Capital LLC
Mr. Mazen ZaghmotVice President, Operations Manager, Finance & Operations+971 2 611 8853+971 50 791 3636mazen@alramz.ae
Mr. Imad HilalAssistant Manager, Finance+971 2 611 8880+971 50 384 8130imad@alramz.ae
2
BHM Capital Financial Services PrJSC
Mr. Mohammad Osama MohratCompliance Director+971 4 524 7404+971 50 894 1864osama@bhmuae.ae
Mr. Sherif ZohdyDeputy Chief Operating Officer+971 4 524 7408+971 56 696 6211sherif@bhmuae.ae
3
First Abu Dhabi Bank PJSC / Custodian
4
Q Market Maker L.L.C.
Muralidhar RamalingamHead of Finance & Operations +971 2 401 2757+971 50 4754248murali@qmm.ae
Dan CopinHead of Securities Lending & Borrowing+971 2 401 2753+971 54 777 1187dcopin@qmm.ae
5
Xcube LLC
Ms. Reema KunhimangalamCompliance Specialist+971 4 305 5327+971 56 632 1430rkunhimangalam@Xcube.ae

Existing Loan Records:

Loan Date
Symbol
Quantity
21/10/2024
TABREED
500,000
For information on the SLB General Procedures and SLB Rules, please refer to the ‘Regulations, Policies and Procedures section.