Swissquote launches the Securities Lending Program, offering clients passive income from existing securities. Earn up to 5% net return annually.
Forex broker Swissquote launched a Securities Lending Program that allows clients to receive passive income from their existing securities. Beginning with loans to selected stocks and ETFs, the company intends to move towards other assets.
As the demand for selected stocks rises annually, the annual payout rate may reach 5% or even more and attain a net return rate of approximately 1%.
Jan De Schepper, Chief Sales and Marketing Officer at forex broker Swissquote, underlines the democratization of securities lending available to all private clients without mattering portfolio size. After a successful launch in Luxembourg, the program can be accessed directly through clients' bank accounts and an accompanying app with no minimum deposit limit.
The program requires explicit registration and agreement acceptance, which provides the clients with knowledge of possible risks associated. The Swiss broker indicates that the lent securities will be restricted to credible banks and financial institutions to run capital markets effectively.
This complements this FINMA-regulated broker's solid financial performance in 2023, marked by groundbreaking figures with consolidated net revenue of around CHF 530 million and projected pre-tax profit over at least CHF 255 million.
Since this publicly-listed broker facilitates opportunities for passive income, clients can use their securities to get interest while enjoying the usual dividends.
In other forex broker news, Swissquote appointed Nestor Verrier to take over Lino Finini as the new Chief Operating Officer. For more information on Swissquote, stay updated on our forex broker news page.