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Hi all,
I just checked my share balance in CDP and noticed that one of my counters has got some lots missing. On checking the movement, they are shown as "TT- Transfer to". Ok I didn't do anything to them so what is going on here?
Anyone knows?
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Possibly it is being borrowed. I encountered once, then I emailed them. The reply was it was borrowed.
Specuvestor: Asset - Business - Structure.
Posts: 395
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Wow! They just borrow without telling me.
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Ok I just checked under my profile and is a Securities Lending Participant. Guess that is the reason why then.
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Shares are borrowed for shorting purpose.
If many different buddies are seeing their shares being borrowed, that may be a sign of things to come.
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sounds like an exciting time to come...i hope to see 'tt' in my share account