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Stumbling upon the SBL in my CDP account makes me wonder if lending the stocks that I have currently is worth it? Or should I not bother and don’t get involved at all??? Thank you for anyone answering my questions. Cheers
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Tan Choong Hwee
31 May 2021
Investor/Trader at Home
Well, no harm participating in SBL where you will earn lending fees on the eligible stocks you own. Other than registering as a lender in SBL, you don't have to do anything else as CDP will take care of everything from the lending to paying you lending fees.
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I always tell friends not to lend shares to SBL. Why would you lend your shares to someone else whose intention is to short your own holdings causing price to crash down? This will cause your share price to go down and hence you worth less !