How is the collateral managed?

Borrowers are required to provide collateral in the form of financial instruments or cash on each trading day. The collateral is 105% of the loan value. Due to price fluctuations, the collateral value may fall below 105% during the day. As a result, it is adjusted daily to the loan value.

We will transfer the collateral to Stichting Collateral (the foundation). Stichting Collateral will hold collateral for clients who have securities on loan.