Earn Lending Fees with Your Overseas Stocks
Receive Dividends and Sell Anytime While Lending
Toss Securities announced on October 24 that it has launched a "Stock Lending Service," which allows customers to lend their overseas stocks and receive lending fees in return.
Through this new service, Toss Securities aims to provide customers with opportunities to diversify their income by utilizing their assets, in addition to profits generated from domestic and overseas stocks and overseas bond investments. In particular, even during unstable market conditions or on non-trading holidays, customers can expect additional income in the form of lending fees without taking on extra risk.
Customers can sell their stocks in real time at any desired moment without any additional procedures, even while their stocks are being lent out, and will continue to receive dividends as usual. Both the lending and repayment (return) processes are handled automatically, allowing customers to use the service without any complicated procedures.
The stock lending service can be easily applied for through the Toss Securities mobile trading system (MTS), and customers can directly select which stocks to lend. After applying for the service, information such as the lending status and income from lending fees is transparently disclosed and can be checked at any time through the MTS.
A Toss Securities representative stated, "Stock lending is already an established investment technique in the global market. While some overseas securities firms offer it only to customers with a certain level of assets, Toss Securities has lowered the entry barrier so that even customers holding just one share can use the service. We expect this to provide a new investment experience for customers who have been steadily investing in overseas stocks through stock accumulation and other means."
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