Why use SBL and RSS to short? Consider FKLI futures: clean, fast, efficient with leverage

Article in thestar.commy quoted Mayban Investment management write up on "Slow Start to Short Selling reads:

"While the rules are intended to prevent abuse, they inadvertently tend to be prohibitive, too. Due to the many conditions, the timeliness of trades may be compromised. For example, to initiate a short-sell, the borrower checks the availability of the securities with the dealer at the borrowing agent who forwards the request to its SBL desk.

The SBL desk would verify the borrower’s collateral and submit the borrowing request to Bursa Clearing, which acts as the central lending agent (CLA).

The CLA will match the request with the lending pool and allocate the securities and confirm the match with the borrowing agent’s SBL desk, which then notifies the dealer, who informs the borrower. The borrower can then place the RSS order.

Typically, one would prefer to short on the spot to maximise returns. Having to go through many steps and parties may cause the short seller to lose precious minutes and profit. "

If you ask me, I agree it is too rigid with huge costs associated in getting into a short sell transaction through RSS and SBL. Using futures (FKLI) to short a party can short RM60K notional value of blue chip stocks per contract of FKLi (transactin cost RM20 to 30), with leverage, would be a much better and efficient way to hedge or take advantage of the view of a falling market. However a caveat is the use of leverage increases risks and hence might not fit for everyone.