MANAGE STOCK YIELD ENHANCEMENT PROGRAM PARTICIPATION

Clients who are eligible and wish to enroll or terminate their participation in the Stock Yield Enhancement Program (SYEP) can use the button above or follow the below procedure:…

The interest income which a client receives in exchange for shares lent through the Stock Yield Enhancement Program depends on the market-based rate. The market-based rate is determined by taking into account the rates on shares IBKR has loaned to or borrowed from others, and third-party market data…

The Stock Yield Enhancement Program provides customers with the opportunity to earn additional income on fully-paid securities positions which would otherwise be segregated by permitting IBKR to lend out those securities to third parties. Customers who participate in the program are provided with US Treasury collateral while securities are on loan and receive 50% of the market-based rate (%) as income…

Margin accounts are eligible. Cash accounts with a declared Liquidity Net Worth of at least USD 25,000 (or equivalent) are eligible for the Stock Yield Enhancement Program.

US Individual Retirement Accounts (IRAs) are also eligible to enroll, except those which are managed by Interactive Brokers Asset Management…

There is no guarantee that all eligible shares in a given account will be loaned through the Stock Yield Enhancement Program as there may not be demand for certain securities, IBKR may not have access to a market with willing borrowers, IBKR may not want to loan your shares, or securities may not be considered to be excess margin (fully paid) securities…

Common stock, ETFs and preferred shares denominated in USD, CAD, CHF, EUR, GBP, HKD and SEK. This includes securities listed on PINK, OTCBB, TSX Venture and CSE.

Corporate bonds denominated in USD which clear at The Depository Trust Company (DTC)…

Yes. Clients who cancel participation in SYEP can re-enroll in the program but must wait at least 90 calendar days from the cancellation date before doing so…

Margin accounts are eligible and Cash accounts with a declared Liquidity Net Worth of at least 25,000 USD (or equivalent) are eligible for the Stock Yield Enhancement Program (SYEP). 

Financial Advisor client accounts, clients of fully-disclosed introducing brokers, omnibus introducing broker accounts and non-disclosed introducing broker accounts which meet the above requirements may participate…

The cash account must meet the USD 25,000 (or equivalent) minimum Liquid Net Worth requirement solely at the point of enrolling in the Stock Yield Enhancement Program. If the Liquid Net Worth falls below that level after enrollment there will be no impact upon existing loans or the ability to initiate new loans…

There is no impact from lending stock through the Stock Yield Enhancement Program on the calculation of your margin and your excess liquidity. Your ability to borrow is still based on your stock positions…

Lending income received through the Stock Yield Enhancement Program are calculated and accrued daily similar to interest on credit cash balances.  Interest will post to your cash balance on the third business day of the month for the previous month. …

There is no way to prevent a specific stock from being lent out if you are currently participating in SYEP. The program is entirely managed by IBKR who, after determining those securities, if any, which IBKR is authorized to lend by virtue of a margin loan lien, has the discretion whether any of the fully-paid or excess margin securities can be loaned out and to initiate the loans…

Loan collateral, shares outstanding, activity and income from the Stock Yield Enhancement Program is reflected in the following 6 statement sections:

1. Cash Report: This shows the starting collateral US Treasury balance, net change resulting from loan activity (positive if new loans initiated; negative if net returns) and ending collateral balance…

The Stock Yield Enhancement Program provides customers with the opportunity to earn additional income on fully-paid securities positions which would otherwise be segregated (i.e., fully-paid and excess margin securities) by permitting IBKR to lend out those securities to third parties. Customers who participate in the program are provided with cash collateral while securities are on loan and receive 50% of the market-based rate (%) as income. …

Yes. IBKR marks-to-market all positions nightly, which is the industry convention.

Additional Information…