Hi Has there been any change to this program ? I haven't had any share borrowed for a couple of weeks and can't seem to find the selection to enrol or deregister from the program in my account management menu ? Also the links in the page below, which directions on how to enrol on the program, are dead : https://individuals.interactivebrok...xml_no_dtd&q=stock yield enhancement program& Am I missing something easy ?
I didn't post the right link, but anyway the links to the pages indicating How to enroll, end up to "page not found"
http://ibkb.interactivebrokers.com/article/1838 It is still there and quite active. Of course, if you have an easy to borrow stock or one there isn't demand to short, then it won't be lent out. in Account Management -> Manage Account -> Trade Configurations -> Permissions. The check box is right that top under Trading Programs.
Thanks Def, the check box is still there indeed - and checked- i'm afraid I didn't give the page enough time to load earlier. Your link brings to a "page not found " though.
I think there is an issue with your browser, firewall or filters as I just clicked on it and it comes up fine. Stock Yield Enhancement Program FAQs What is the purpose of the Stock Yield Enhancement Program? The Stock Yield Enhancement program provides customers with the opportunity to earn additional income on securities positions which would otherwise be segregated (i.e., fully-paid and excess margin securities) by permitting IB to lend out those securities to third parties. Customers who participate in the program will receive a portion of the fee paid by the borrower as loan compensation for any day the loan exists and will receive cash collateral to secure the return of the stock loan at its termination. etc, etc. http://ibkb.interactivebrokers.com/article/1838