Other common usages include the lodgment of long-term portfolios and holdings as collateral for the loan, providing liquidity which can be utilised for other investment purposes.
This specialist ‘Prime’ service gives clients access to a wide range of ASX listed shares, including small and mid-cap’s; as well as major Asian, US and other exchange listings, all held in the one account.
Gleneagle are also able to offer borrow and pay-to-hold locates from a range of lenders.
In Australia, Gleneagle Securities can accept HIN and SRN position transfers for clients to lodge onto their facility; as well as direct execution on the account with their Sydney desk or via IRESS, and DVP/give up settlements for trades executed with other brokers.
Gleneagle offer competitive funding rates and LVRs to institutional and HNW clients, who see flexibility and bespoke service as an advantage over other Prime Brokers and Custodians in the market today.
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