The incentive is you have earned a little extra return, from no work? It might just be pot luck that the shares you hold are not popular in share lending / shorting, possibly because they are well reputable companies with little risk?
Look after the pennies and the pounds take care of themselves as they say!
Put into context - 212 pay 50% of income earned. For any of us to earn 1p a day, 212 have to earn 2p+. Annualise that and from £100 they would need a return of 7.3% which is rather high.
I see share lending as a bonus, not part of my investment strategy and personally have earned pennies, but its better than a platform fee, or nothing which a lot of other brokers provide.
Also from the FAQs I read, I couldnāt find anything that said fractional pennies would be carried over, so Iāve always assumed it works on a round down basis which is fair.
I assumed it would work like āearn interest on cash.ā I mean, itās called āearn interest on shares.ā
Earn interest on cash does roll over fractional amounts, so doesnāt require a huge leap of imagination or IT to apply that to earn interest on shares.
Yes earn interest on shares is a plus but not allowing the rollover is a poor decision. Both things can be true.