Loving the daily interest from share lending. I’ve changed brokers a few times over the years and this is the first time I’ve actually been offered AND seen this implemented.
I have a US stock, listed in USD, that has been lent, but I’m receiving the interest in GBP. Does this make sense? There may be a good reason for this (dual-listings for example) but I thought I’d ask for clarity.
If the interest is paid in USD, converted to GBP, and then I wish to invest more in USD, then obviously I’m losing out here. Maybe that’s a few pennies going to T212 though, I really don’t know.