BSE Clearing launches 3-day contracts to bolster short-term securities lending

BSE is a big stock market in India.

It has a special service where people can lend shares to others and borrow shares when they need them.

This is called securities lending and borrowing.

BSE Clearing Limited, the company that runs this service, has added a new short-term option.

The new option lets people lend or borrow shares for just three working days.

This is helpful for people who need shares for a very short time.

It can also help keep share prices similar across different trading places.

The new contracts work in two steps: shares are given on the first day and returned on the third day.

The system matches lenders and borrowers automatically.

This gives market participants more flexibility and choices.