keppelbay
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Post by keppelbay on Apr 12, 2024 4:13:30 GMT
TD (and Schwab) shares only 50% of the income with clients from securities lending program. Fidelity shares 60%. anitya, just curious... where did you get this info about Fidelity? I've not run across that anywhere.
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keppelbay
Commander
Posts: 131
Member is Online
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Post by keppelbay on Apr 12, 2024 4:17:46 GMT
Not so juicy this month. Borrower returned the shares after a few days. The borower missed their chance. The past couple of days of premium compression would have been fun for them if they'd been short...
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Post by anitya on Apr 12, 2024 8:11:48 GMT
TD (and Schwab) shares only 50% of the income with clients from securities lending program. Fidelity shares 60%. anitya , just curious... where did you get this info about Fidelity? I've not run across that anywhere.
I asked them for the information. I think they are required to disclose it if you ask. It is probably in the agreement we signed and did not read. TD and Schwab state it in their program description. I like that Fidelity shares even in margin accounts.
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Post by anitya on Apr 12, 2024 20:51:53 GMT
yogibearbull , Is Schwab enrollment in the Securities Lending Fully Paid (SLFP) program by invitation only? When I searched for SLFP at Schwab, I get the following: "You have no Securities Lending Fully Paid offers or details available for online review at this time." I sent them a message asking how to sign up and they simply wrote back asking me to call the team that deals with program at "877-793-8872 during the hours of Monday - Friday: 8:30 am – 4:00 pm ET. Unfortunately, this team does not have an outbound message team and is available by phone only." So, this team stops working when the market closes! Why does Schwab make it so not easy to sign up?
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Post by Capital on Apr 12, 2024 21:43:10 GMT
anitya , just curious... where did you get this info about Fidelity? I've not run across that anywhere.
I asked them for the information. I think they are required to disclose it if you ask. It is probably in the agreement we signed and did not read. TD and Schwab state it in their program description. I like that Fidelity shares even in margin accounts. www.fidelity.com/trading/fully-paid-lendingkeppelbay, anitya, see the above link.
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