Loan collateral, shares outstanding, activity and income from the Stock Yield Enhancement Program is reflected in the following 6 statement sections:
- Cash Detail – details starting cash collateral balance, net change resulting from loan activity (positive if new loans initiated; negative if net returns) and ending cash collateral balance.
- Net Stock Position Summary – for each stock details total Shares at IB, the number of Shares Borrowed, the number of Shares Lent (through AQS or the Stock Yield Enhancement Program) and the Net Shares (=Shares at IB + Shares Borrowed - Shares Lent).
- IB Managed Securities Lent – lists for each stock loaned through AQS or the Stock Yield Enhancement Program the Quantity of shares loaned, the Net Interest Rate (%) and the Collateral Amount.
- IB Managed Securities Lent Activity – details the loan activity for each security including Loan Return Allocations (i.e., terminated loans); New Loan Allocations (i.e., initiated loans); the share Quantity; the Net Interest Rate (%) and the Collateral Amount.
- IB Managed Securities Lent Activity Fee Details – details on an individual loan basis the Market Interest Rate (%); the Gross Lend Interest (represents the total fee charged to the borrower which is equal to ({Collateral Amount * Market Interest Rate}/360); the IB Management Charge (equals 50% of the Gross Lend interest); the Net Lend Interest Rate (represents the half of the Market Interest Rate which the client earns) and the Net Lend interest (represents the client's portion of the interest income. Equals the Gross Lend interest - IB Management Charge). Note: This section will only be displayed if the Net Lend Fee accrual exceeds USD 1 for the statement period.
- Interest Accruals – the interest income is accounted for here as an interest accrual and is treated as any other interest accrual (aggregated but only displayed as an accrual when exceeding $1 and posted to cash monthly). For year-end reporting purposes, this interest income will be reported as miscellaneous income on the T-5 Form issued to Canadian taxpayers.