acamp
16 March 2022 17:41
5
Thanks both @rod and @jbjb (@rod clearly beating you to the post here
@fardin100 - it’s worth flagging up Adam’s post in that other thread alongside an answer Viktor gave. Please take a look through as a lot of questions have been asked. But if there’s anything else then jump in there.
This blog post is not meant to outline how we might productise sec lending in the future. It is meant to give lengthy advance warning of changes to T&Cs.
We receive and hold client cash in bank accounts, which we earn some interest on. That’s revenue for us to support the low-cost service we provide customers. We pay interest on uninvested cash for Plus members.
We’re taking a similar approach to sec lending, where we’ll earn some interest on client securities we have under custody, which is r…
Hey, JB.
I appreciate where you are coming from.
That’s why we posted about these changes in our community way, way ahead of the rollout: to educate.
It’s also why we are doing an exceptionally long, 90-day grace period.
Over the years, we have also spoken frequently about our intentions to introduce this revenue stream as we grew as a company.
When it comes to securities lending itself, you’re right that this feature of the markets has been thrust into the spotlight in the last year. But i…
To keep things on the same thread, I’ll close this one down
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