How does St.George Margin Lending manage stock ownership?
A. St.George Margin Lending has never been, nor is currently a stock lender. All stock lodged with St.George Margin Lending as security for a margin loan is held under your own Holder Identification Number (HIN) with the Bank’s nominee company, “Value Nominees Pty Limited”, being the CHESS sponsor for the stock until such times as the loan is repaid. Voting and income rights continue with you unless there is an event of default by the client.
