How do I optout/unenroll from the Fully Paid Lending Income Program?

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• What risks are involved in the Fully Paid Lending Income Program?

  Fully Paid Lending isn’t appropriate for everyone. Clients with very low risk tolerences should not consider the program. A primary risk is counterparty default. Drivewealth is your counter party on fully paid lending transactions. If Drivewealth ...

• How will dividends be handled within the Fully Paid Lending Income Program?

  Substitute payments will be provided in lieu of dividends and are taxed differently than dividends. Consult your tax professional for further details.

• How are lending rates determined?

  Each security has its own lending rate based on demand.

• Where can I see the forex charges paid on my remittance?

  You need to check with your bank for the forex charges you paid on your outward remittance. Unfortunately, we do not have the visibility of these charges.

• Are there any RBI restrictions or income tax implications when moving dollars from a US broker to Vested, especially if these dollars were received as dividends?

  You can move your dividend funds from a US broker to Vested without any RBI restrictions. Regarding income tax, transferring these funds and investing them does not create a taxable event. Tax obligations only arise when you sell an investment or ...