"It has been decided that transaction charges will be levied on a monthly basis on the transactions executed in SLB scheme at the rate of 2.5 per cent of the lending fee, on each instance of fresh lend, borrow and rollover transactions, to both lending and borrowing participants," NSE said in a circular. It will be effective from July 1.
The SLB mechanism allows short sellers to borrow securities for making delivery. Short selling means selling of a stock that the seller does not own at the time of trade.
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