Saxo Bank now offers clients the option to lend out their shares for additional revenue. The move is an effort to offer investors a chance to make more returns from the stocks they hold, while retaining control of their investment portfolios.
DUBAI – Saxo Bank, a leading fintech specialist that connects people to investment opportunities in global capital markets, has announced that it will make Stock Lending available to its clients in the MENA region, giving clients the opportunity to earn extra revenue from lending out their securities portfolio.
“With macroeconomic uncertainty and an inflationary environment, most investors want to make their money work harder for them. At Saxo Bank, we are committed to helping our clients make more of their money. The introduction of Stock Lending supports that, as it opens up an alternate stream of revenue on the stocks that clients have in their portfolios while retaining control of their stocks” Damian Hitchen, CEO of Saxo Bank MENA comments.
How it works:
When clients activate Stock Lending, the client makes available their stocks andETFs and to be lent from their account. For the securities lent out, clients will receive a payment depending on the market demand for the securities on loan.
Clients will still be exposed to the price movement of their stocks, will still earn dividends on their portfolio, and can sell their stocks at any point irrespective of the loan.
As a well-regulated financial institution, Saxo Bank acts as the intermediary and will ensure that the process is handled in a secure and safe way, and will provide the client with collateral in the duration of the loan. In the MENA region, Saxo Bank is one of the few brokers to make Stock Lending available as an option to clients, thereby giving clients a new and secure opportunity to make their money work harder for them.
About Saxo Bank:
At Saxo Bank we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo Bank’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo Bank was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo Bank launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo Bank is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo Bank is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintech in the world, Saxo Bank continues to invest heavily into our technology. Saxo Bank’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo Bank has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
