Toss Securities said it launched a "stock lending service" that allows customers to lend out their overseas stocks and receive lending fees.
Through this service, Toss Securities plans to provide customers an opportunity to diversify revenue by using their assets, in addition to revenue from investing in domestic and overseas stocks and overseas bonds. In particular, even when the market is unstable or on holidays with no transactions, customers can expect additional income without extra risk through the potential revenue of lending fees.
Customers can sell in real time at any desired time without additional procedures while their stocks are on loan, and they can receive dividends just as before. The lending and repayment (return) processes are handled automatically.
The stock lending service can be easily applied for through the Toss Securities mobile trading system (MTS). After signing up, information such as lending status and lending fee revenue can be checked at any time in the MTS.
A Toss Securities official said, "Some overseas securities firms offer stock lending services only to customers with assets above a certain level, but Toss Securities has lowered the barrier to entry so that it can be used even if customers hold just one share."