Stock Loan Income Tracking Project
{"Image DocumentName": "Stock Loan Income Tracking Project", "Image ImageDescription": "Project will provide transparency to Lenders and Borrowers. DTC currently takes on the U.S. tax withholding obligation of the Borrower by ensuring the appropriate tax gets withheld on U.S. substitute dividend paid to a non- U.S. Lender. DTC participants (Lenders and Borrowers) generally do not know the status of each other for U.S. tax purposes. Provide transparency between Lenders and Borrowers by disclosing the tax status of each other for withholding purposes.  the proposed initiative does not cover the borrow fees and the rebate on the cash collateral as these are settled directly between Borrowers and Lenders. DTCC Confidential (Yellow)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}