Please review the SYEP FAQ and Enrollment Instructions for additional information about participating in the program. The company credits loan income to clients and provides daily activity statements detailing the quantity of shares loaned, collateral amount, market interest rate, IBC charges and net interest.Īt the end of each day, IBC pays the client half of the gross amount earned by IBC from lending the shares to borrowers and retains half as compensation for coordinating the program and guaranteeing the return of the shares. Interactive Brokers uses its highly automated systems to identify the shares in client accounts which others are attempting to borrow. Stocks listed on US or Canadian exchanges can be loaned. While the stock is loaned, clients maintain the ability to sell their stock anytime, and continue to recognize any profits and losses. IBC clients can monitor in real-time indicative rates by configuring their Trader Workstation platform to display the Fee Rate column. After enrolling, IBC handles all program activities with no restriction on a client's ability to trade their shares.
Enrollment is easily completed online and program activation generally takes place overnight. IBC cash accounts with equity equivalent to US $50,000 and all IBC margin accounts are eligible to participate in the new program. This first to the market service gives IBC clients the opportunity to lend their Canadian shares to IBC in exchange for a portion of the interest short sellers are willing to pay to borrow the shares.
Interactive Brokers Canada (IBC) clients participating in its Stock Yield Enhancement Program can now lend Canadian fully-paid shares of stock as part of the program. New Offering Interactive Brokers First to Offer a Stock Yield Enhancement Program for Canadian Assets
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