Earn Extra Income From Our Securities Lending Income Program
Do you want to earn more money from your investment account? If you do, here’s an opportunity for you to earn added income from Firstrade’s Securities Lending Income Program, which allows eligible customers to lend certain fully-paid stocks to Firstrade’s clearing firm, Apex. In return, you can increase income from your portfolio through the securities-based lending market.
While your shares are on loan, you will be paid an income that is accrued daily and credited to your account on a monthly basis.
What are the benefits of Securities Lending Income Program:
You will immediately begin earning income on any shares that are loaned out.
Stocks in your account identified as in-demand by the securities lending market will automatically be loaned out and processed by Apex. It’s easy and hassle-free.
There is no long-term commitment. You may discontinue participation in the program at any time.
You are fully collateralized. When the lending transaction takes place, our clearing firm will hold a cash collateral equal to the dollar amount of the stock borrowed.
There are no restrictions on when you can sell your stock. You retain full economic ownership of the securities you have on loan and may sell the shares at any time. Selling your shares will terminate the loan transaction.
Please click here to learn more or enroll in our Securities Lending Income program.
