Can the Stock Yield Enhancement Program participant determine which shares IBKR can lend?

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…

If a client maintains fully-paid securities which have been loaned through the Stock Yield Enhancement Program (SYEP) and subsequently initiates a margin loan, the SYEP loan will be terminated to the extent that the securities do not qualify as excess margin securities. Similarly, if a client maintaining excess margin securities which have been loaned through the program increases the existing margin loan, the SYEP loan may again be terminated to the extent that the securities no longer qualify as excess margin securities…

If a client maintains fully-paid securities which have been loaned through the Stock Yield Enhancement Program and subsequently initiates a margin loan, the loan will be terminated to the extent that the securities do not qualify as excess margin securities. Similarly, if a client maintaining excess margin securities which have been loaned through the program increases the existing margin loan, the loan may again be terminated to the extent that the securities no longer qualify as excess margin securities…

Yes, the Stock Yield Enhancement program is available to IBSG clients with IBKR Lite accounts. IBSG clients must enroll in the Stock Yield Enhancement Program before creating or converting to an IBKR Lite account. IBSG’s Stock Yield Enhancement Program offers clients the ability to lend out certain fully-paid and excess margin securities to IBSG for on-lending to other IBSG clients or to other market participants and receive a portion of the loan fees…