Their wording is vague.
There is a "Stock" in the name of the product, but also they use the terms "shares" and "securities".
The term "shares" is also applicable to the ETFs ("shares of ETFs").
Posted Dec 21, 2023, 5:56 PM UTC
It applies to ETFs but be aware that your dividends may be paid in kind with higher taxes due. Since you’re lending shares to get the stock yield enhancement, IB can’t guarantee that they will not have your stock out on loan at div time.
It’s extremely vague. It also applies to stock paid in full, but not stock held on margin. Assume I have 100k NLV, and I have 100k worth of AAPL and 100k worth of MSFT. What is eligible now? Unclear…
yes, it applies to ETFs.
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