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Direct Securities Lent Fee Details

This section for Portfolio Margin customers shows details of direct lend fees for securities directly lent via Stock Borrow/Loan.

Note: This section appears in the Default Statement and Legacy Full Default Statement.

Column Description
Value Date The date used to determine the hard to borrow details.
Symbol The symbol of the security lent.
Exchange The exchange that facilitated the lend.
Start Date The first day the security was lent.
Quantity The number of shares lent out.
Collateral Amount The collateral amount of the lend.
Fee Rate (%) The fee rate expressed, in percent, to borrow/lend the security.
Lend Fee Calculated by multiplying the collateral amount and the fee rate and then dividing by 360.
IB Carry Charge The total amount of the IB carry charge.
IB Ticket Charge A one-time fee that is charged only on the first day of the lend.
Total Charges The sum of the borrow fee, IB carry charge and the IB ticket charge.
Code The code abbreviation.

 

Totals

Total amounts for the following fields appear at the bottom of each currency section: