Apparently, the auto-locate system at IB is now operational. I got the following message some time after attempting to short DUK this morning: "You recently attempted to enter one or more short sale orders in securities which were not available for shorting at that time. We have located shares on your behalf so you should be able to enter short sale orders for these titles within the next minute(s). Stock Description Symbol Exchange Rate DUKE ENERGY CORP DUK NYSE 0.2100 The indicative rates shown are the additional costs to borrow these securities above the normal borrow rates. The effective cost to borrow will be determined at the time the borrow is actually established. ..." First of all, this is pretty cool Can someone from IB comment on the exact meaning of 0.2100? Is this $0.21 per share per day, or is this some percentage, and, if so, how does that equate to an actual dollar cost?