Borrow Fee Markup Details
This section of the Activity Statement displays markup details for daily shorted stocks. It is available only to Brokers who have enabled Interest Details sections for their statement.
This section appears in the Default Statement and Legacy Full Default Statement.
| Column | Description |
|---|---|
| Account | |
| Value Date | The date used to determine the hard to borrow details. |
| Symbol | The symbol of the short stock position. |
| Quantity | The number of units of the short stock position. |
| Price |
The adjusted closing price of the short stock position. In determining the cash deposit required to collateralize a stock borrow position, the general industry convention is to require a deposit equal to 102% of the prior day's settlement price, rounded up to the nearest whole dollar and then multiplied times the number of shared borrowed. As borrow rates are determined based on the value of the loan collateral, this convention impacts the cost of maintaining the short position, with the impact being most significant in the case of low-priced and hard-to-borrow shares. For an example of this adjusted price, see the related Knowledge Base article. The value in this column is the rate that is determined after Interactive Brokers applies the 102% markup and rounding. |
| Value | Price x Quantity. |
| Total Client Fee Rate (%) | The percentage rate of what the client paid in fees. |
| Total Client Fee | What the client paid in fees (Broker Markup + IB Borrow Fee). |
| IB Fee Rate (%) | The borrow fee percentage rate for the short stock position. |
| IB Borrow Fee | The borrow fee amount. |
| Net Markup Income | The total net amount that the broker earned in fees. |
| Code | The code abbreviation. |