You would hope that they sell the collateral for your stock and reimburse you the stock automatically. We should never have to buy the stock back ourselves
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If you have plus but are mainly using your gia might be worth to switch completely over to isa if you can so you donāt have to worry about this. I havenāt bothered using my isa as I had a load invested in gia before I got plus and didnāt want to have to sell stocks in gia wait for money to transfer to isa then rebuy but it. But might move completely over to isa where I can just to avoid this
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Everyone will have to give their individual consent to their shares being lent. You donāt have to sign up.
I think itās an industry norm because most people donāt know itās happening. The point here is really simple, why would anyone agree to anything that COULD be used against their investment objectives?
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True!
But itās been mooted that you might need to leave the platform.
Yes. My understanding was that there isnāt any option to opt out.
You could sell all your positions in your GIA and rebuy them back in your ISA. I have maxed out my ISA allowance so this is not viable for me.
You canāt opt out of share lending for the SIPP either. So in my case I either consent or transfer to another broker.
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Not all stocks are ISA eligible
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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. Thatās revenue for us to support the low-cost service we provide customers. We pay interest on uninvested cash for Plus members.
Weāre taking a similar approach to sec lending, where weāll earn some interest on client securities we have under custody, which is revenue for us to support building Freetrade. The banks that will be borrowing securities and posting collateral are in the same tier as where we hold client cash, eg JP Morgan.
On opting out, initially that would mean keeping all your assets in an ISA, or moving your account elsewhere. As I said in the AMA, weād like to productise sec lending for our more advanced users, along with things like the ability to short stocks.
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Wow! I didnāt expect to see this. While Iām not a big short stock guy me and @CashCow would be laughing if weād been able to short Virgin Galactic!
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TBH Iām slightly confuse - Basically Iām I right we not getting extra charges or anything?
No extra charges
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Thumbs up from me, love seeing the Freetrade business model growing and new revenues streams adding strength to the company financials, makes me less twitchy as an investor and confident in the future of the company.
As a client it also makes me confident that Freetrade prices will continue to be cheap for me and that the company will continue to be a place I can build my wealth.
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Freetrade have to make themselves profitable if their going to last in whatās becoming a very competitive market. They canāt simply continue to rely on crowdfunding forever.
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The shorting argument doesnāt bother me, when I buy a stock Iām betting itāll go up - if some chump things otherwise let them put their money where they mouth is. We get cheap / free trading and Freetrade get to build a sustainable business model.
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I personally think Freetrade have been shorting all my recent stock picks 
Do what you want with my shares ā¦ Just give them back when they hit green
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So just bit curious what the main issue in regards to this Security Lending
For those who donāt want to accept these terms, can you in specie transfer out of FT?
I know thereās talk of GIA-GIA in specie transfers
If there is no opt out then I will be moving brokers
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Bye 
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I donāt have a problem with this, despite the adage from Hamlet which means that I gift rather than lend to friends in need:
Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
However @Viktor I wonder if this policy may change things for Muslim investors who consider benefiting from interest being haram. This may be a small customer sector for FT so possibly inconsequential.
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