Stock Yield Enhancement Program Securities Lent Fee Earned Details
This section for customers participating in the Stock Yield Enhancement Program shows details of SYEP fees earned on securities lent.
This section applies to statements after February 28, 2017.
This section appears in the Default Statement and Legacy Full Default Statement.
| Column | Description |
|---|---|
| Value Date | The date used to determine income. |
| Symbol | The symbol of the security lent. |
| Start Date | Start date of the loan. |
| Quantity | The number of shares lent. |
| Collateral Amount | The collateral amount securing the loan. |
| Market-based Rate (%) | The market-based fee rate on Value Date. |
| Fee Rate on Customer Collateral (%) | The net fee rate applied to the collateral amount. |
| Fee Paid to Customer | The amount you receive for lending IBKR your fully-paid shares. |
| Code | The code abbreviation. |
Totals
Total amounts for the following fields appear at the bottom of each currency section:
- SYEP Fee Paid to Customer
How are Loans Reflected on the SYEP Lent Fee Earned Details Section?
Shows the income received on an individual loan basis including the security, quantity lent, collateral amount, the market-based rate and the amount paid to the account. SYEP Fee earned to Customer is calculated by multiplying the Collateral Amount by the SYEP Rate on Customer Collateral and dividing by 360 days.
Please Note: This section will only be displayed if the SYEP fee earned by the client exceeds USD 1 for the statement period.
