@EquityInvestor Youâll always receive the dividends, even if the shares are lent out.
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If trading 212 is using something that we are buying (the shares) then the purchase price should be reduced or we should share in the benefit of the income generated no matter how small.
Imagine if you buy a Tesla and every time its parked on your drive Elon comes by and takes it for a spin when ever he feels like it.
As a customer if I feel like I am being taken advantage of, No matter how small then it reduces my trust going forward due to the what is coming next. We all want trading 212 to succeed and introducing things like this especially with such limited transparency and No benefit for us the people putting the money up for the shares aint cool.
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thatâs not what the document says.
It says that i the borrower has to pay me the dividend.
Why i have to trust a âborrowerâ to give my dividend in order for T212 to make more money?
Can i still order a certificate of share ownership for my stocks?
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I feel I am already benefitting. 0 fees to trade and 0 commission fx. Fractional shares, autoinvest pies. If I was to receive share lending interest it would be taxable by the government, whereas free services are not. So I prefer free services, and investment in continual development of the platform and new services.
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Think people are bit short sighted, not long ago it was norm to pay heavy fees to do single trades.
Nowdays we are offered all this for free , plus all this wonderful new tech features like AutoInvest.
T212 comes transparently about making their invest platform department to be also profitable, which should be goal of all investors, you want the platform you put all/part of your savings to be profitable and enhancing the product they offerâŚ
But then main topic is, we should get this we should get that, is this safe, will we get cheated. I guess some claims are valid, but again this was discussed, it is well documented, many other brokers implemented this. There is a lot info to find on the topic.
You are getting best service and best platform in UK/EU, all for free. This alone should be great. Than they come with this new wonderful feature, AutoInvest for Free again.
Cheers 
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If shares arenât recalled pre-dividend payment date and the Borrower canât honour paying the value of the dividend, what happens?
The dividend will be paid by Interactive Brokers who manage the share lending programme. They handle all risk and provide collateral against default.
The T&Cs for the programme state âIBKR must provide you with cash collateral in the same amount as the value of your shares to protect you in the very unlikely event that the stock is not returned to you.â
Come on you know its not free.
They make money from the spreads even in the Invest accounts.
In the US at least you get some interest if your shares are lent to a 3rd party.
Before you say anything T212 is my main broker
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T212 doesnt make money on spread in Invest. Stop making this false claims.
Currently they make money of CFD account spreads⌠I dont do CFDs thus it is freeâŚ
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EDIT: Thanks Richard. Found. To clarify, youâre paraphrasing from section 22.2?
Lets see the sell prices on Monday on T212 and other brokers.
I m mot against T212, but i would like to pay for autoinvest/pie feture and the shares to belong to me.
I am quoting from information on IBKR pages where the program is explained. I assume this is the program in which T212 intends to participate.
âStock Yield Enhancement Program | Interactive Brokers U.K. Limitedâ https://www.interactivebrokers.co.uk/en/index.php?f=46957
Itâs illegal to inflate the spreads in the UK where they are regulated. Are you accusing T212 of doing something illegal?
I would be vary wary of posting such unfounded claims.
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I m not accusing anybody. I said 3 times i m using T212 as my main broker and that i ll be happy to pay for extra feature in order to have my shares safe.
The accurancy of the spread by the second can be changed. One broker can say the sell price is 3.212 for example and the other 3.213.
I hope that makes it clear
That is why you have Limit order where you buy and sell in price you want. FOMO short term mind causes most of this claims, t212 is having spread or whetever false type of accusation âŚ
So you say i m wrong about not feeling safe about my shares and the new policies.
I didnt see anywhere the name of T212 as a guargantie for my shares if they get lent.
There are plenty of more knowledgeable people around me/us, who are not worrying, thus my conscience is at peace. I sleep well.
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See 22.2. âTo mitigate the risk of the Borrower being unable to redeliver the shares lent, We will receive cash as collateral to the amount of at least 102% of the value of the Shares lent.â
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This procedure is quite standard for all the brokers and I would like to add something about it.
Letâs say a big old broker gives interests on the lending shares but it charges you in commissions.
Letâs say the interest is a whooping âup to 5% per yearâ.
Letâs say that interest itâs calculated only during the actual time itâs lent.
Letâs say that percentage is actually most of the times 2% or less.
Letâs say that percentage is before taxes (for the broker).
Letâs say that after you are paid you still own taxes to your government because itâs considered an income.
Letâs say that you are paying 10 bucks every time you buy or sell a share.
Letâs say there is an annual custody fee.
Letâs say that during the time your shares are lent you are fully covered, so you get your dividends and if something happens to your shares the broker covers for it and you wonât even notice.
Letâs say that this broker makes you choose if lending the shares to earn money or not (of course commissions are always charged).
Letâs say that doing some math what is actually lent itâs only a fraction of you portfolio and for few hours.
Now that makes you earn 2/3 bucks per month, while spending way more in commissions.
Now letâs say that what I said before itâs just what happens with my other broker and this is one of the reasons I chose to move to T212.
Now make your conclusions on what you think being more convenient for you and in case you still think that what T212 is doing is âunacceptableâ there are plenty of other brokers in the market to choose, go and pick yours. 
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Iâm a relative layman in this area, but I believe that the risks look well managed. As others have mentioned, there is a 102% collateral against the lent shares. That extra 2% would cover most individual dividend payments anyway.
Not that I think borrowers will be out to steal dividends anyway.
From reading between the lines, as a layman again, I would guess that the intention of the borrowers is to buy voting rights.
I think the only (minor) issues for T212 customers is loss of voting rights, which I donât think we can exercise on T212 yet anyway. And for non-ISA customers the potential tax implications of receiving a dividend via the borrower.