You want to some shady shit Fidelity is offering to investors?
Lend your securities. Earn income.
Fidelity’s Fully Paid Lending Program lets you earn incremental income on securities that you already own, just by lending them out.
What is the Fully Paid Lending Program?
Fidelity's Fully Paid Lending Program provides you with the opportunity to lend securities in your portfolio and earn income. If there is demand in the securities lending market, generally due to short selling, scarce lending supply, or corporate events, Fidelity may borrow certain eligible securities until either you or Fidelity elect to close the loan.
Earn incremental income
Receive income from Fidelity on any borrowed securities. Income accrues daily and is credited to your account monthly.
Maintain full economic ownership
Remain exposed to the market while your securities are on loan. Sell your shares or recall the loan at any time.
Monitor activity online
Securities on loan, lending interest rates, and program activity can be viewed on your Fidelity.com Positions page, along with your current portfolio valuations.
Ready to get started?*
Learn more, including what you could potentially earn through the Fully Paid Lending Program. Answer 4 quick questions to determine if you’re eligible.
*You must have at least $250,000 in your Fidelity brokerage account(s) to apply.
How does it work?
Sign up once
Start here by checking your eligibility Log In Required. Your enrollment package will be emailed to you in 1-2 days, if eligible.
Lend your eligible securities
Once enrolled, there are no extra steps. All eligible securities in your account, now or in the future, will be considered for borrowing based on demand in the lending market.
Start earning
The income for lending your securities will be credited to your Fidelity account.
How am I paid?
Each month you will be paid lending income that is automatically credited to your Fidelity account. Lending interest rates are variable and may change at any time based on market conditions. Here’s a hypothetical example of how interest is calculated, using an annualized lending rate of 8.50%.
†The lending interest rate is based on the relative value of the loaned security, which is determined by several factors including borrowing demand and short selling, and general market conditions.
Important considerations
When deciding whether to participate in Fidelity’s Fully Paid Lending Program it is important that you are aware of these considerations.
ENROLLMENT
Once enrolled, if Fidelity borrows a security, the length of the loan and your ability to earn income will vary depending on short selling demand and available lending supply.
SIPC
Shares on loan are not covered under Securities Investor Protection Corporation (SIPC). However, Fidelity provides collateral at a minimum of 100% of the loan value. In any securities lending transaction, counterparty default is a risk.
DIVIDENDS
Cash distributions paid on securities borrowed over the dividend record date are credited as a "cash-in-lieu" payment, which may have a different tax treatment than the actual dividend from the issuer.
VOTING RIGHTS
When you loan your shares, you relinquish voting rights. However, if you want to vote your shares, you can recall your loan in advance of the record date.
Please refer to our Fully Paid Lending Program fact sheet for more details.