Hi all,
I just checked my share balance in CDP and noticed that one of my counters has got some lots missing. On checking the movement, they are shown as "TT- Transfer to". Ok I didn't do anything to them so what is going on here?
Anyone knows?
Possibly it is being borrowed. I encountered once, then I emailed them. The reply was it was borrowed.
(30-01-2014, 11:35 AM)GPD Wrote: [ -> ]Hi all,
I just checked my share balance in CDP and noticed that one of my counters has got some lots missing. On checking the movement, they are shown as "TT- Transfer to". Ok I didn't do anything to them so what is going on here?
Anyone knows?
Are you in SBL? Shares could have been lent out.
Wow! They just borrow without telling me.
(30-01-2014, 12:01 PM)cif5000 Wrote: [ -> ] (30-01-2014, 11:35 AM)GPD Wrote: [ -> ]Hi all,
I just checked my share balance in CDP and noticed that one of my counters has got some lots missing. On checking the movement, they are shown as "TT- Transfer to". Ok I didn't do anything to them so what is going on here?
Anyone knows?
Are you in SBL? Shares could have been lent out.
How can I check if I am in? By the way, why would SGX need to borrow my shares?
Ok I just checked under my profile and is a Securities Lending Participant. Guess that is the reason why then.
Shares are borrowed for shorting purpose.
If many different buddies are seeing their shares being borrowed, that may be a sign of things to come.
sounds like an exciting time to come...i hope to see 'tt' in my share account
(30-01-2014, 08:45 PM)wsreader Wrote: [ -> ]Shares are borrowed for shorting purpose.
If many different buddies are seeing their shares being borrowed, that may be a sign of things to come.
its a sign of the Bulls or the Bears!!