This business lends stock certificates needed to settle trades
to securities companies. A securities company would use General Stock Lending
when it has no stock certificates on hand, for the purpose of hedge sale of convertible
bonds or arbitrage transactions with spots and futures, and so forth. JSF has
done its utmost to increase the number of eligible issues and shares for brokerage
services since the business was launched in 1977.
In February 2002, we implemented offer-bid borrowing and lending transactions (e Stock Lending) by expanding the online network that is linked with securities companies, so as to include institutional investors, such as life and non-life insurance companies.
JSF procures stock certificates for lending from institutional investors such as life and non-life insurance companies. JSF also receives stock certificates in advance for quick stock lending. |