Getting Started

What is Lend & Earn?

Lend & Earn lets you earn additional income by lending eligible, fully paid US stocks and ETFs held in your Syfe Brokerage account. You earn income while your shares are on loan and can sell them anytime.

How do I get started?

Option 1: From your portfolio

• In your Syfe Brokerage app, tap your Current Value at the top of the page
• Scroll down and select “Lend & Earn Income”

Option 2: From a stock’s page

• Search for the US stock’s ticker using the search bar
• Tap into the stock’s page to access Lend & Earn Income

Review the agreements and risk disclosures, then enrol. Your eligible holdings will become available for lending automatically.

Participation is subject to eligibility and programme availability.

Which investments can be lent?

Eligible, fully paid US-listed stocks and ETFs in your Syfe Brokerage account may be lent. “Fully paid” means the shares have settled and are paid for in full. Please note that not all holdings will qualify or be borrowed.

Can I choose which shares to lend?

No. Enrolling makes all eligible US holdings available for lending. Borrowing demand and availability determine which shares are lent, in what quantity and for how long.

Earnings and Payout

Why am I not earning income after enrolling?

Enrolling does not guarantee that your shares will be borrowed. You earn income only while your shares are on loan. Some holdings may attract little or no borrowing demand.

How much can I earn?

Your earnings depend on the value of shares on loan, the lending rate and the loan duration. Syfe shares the net lending income with you.

Rates can change with market conditions. Estimated earnings shown in the app are indicative and not guaranteed.

When will I receive my earnings?

Income accrues daily while your shares are on loan and is credited to your Syfe Brokerage account 30–60 days after the end of the month in which it was earned.

Where can I view my earnings?

View your daily accrued earnings and past payouts on the Lend & Earn dashboard from the portfolio page in the Syfe app. Credited earnings also appear in your brokerage transaction history.

Will I still receive dividends?

You remain entitled to the economic value of dividends. However, you may receive an equivalent cash payment instead of a dividend directly from the company. Its tax treatment may differ; consult a tax adviser about your circumstances.

While your Shares are on Loan

Can I sell my shares while they are on loan?

Yes. Place a sell order as usual. The recall and settlement process is handled automatically.

Does lending change my exposure to the stock?

You continue to benefit from price increases and remain exposed to price falls. Lending does not protect you against investment losses.

Protection and Risks

How are my loaned shares protected, and what are the risks?

Loaned shares are backed by collateral held with an independent custodian. Its value is adjusted to reflect changes in the value of the loaned shares. Collateral reduces risk but does not guarantee full recovery if shares are not returned.

While your shares are on loan:

• They are not covered by SIPC.
• You cannot exercise voting rights on them.
• Lending income is not guaranteed.

Can I opt out, and are there any fees?

Yes. You can opt out through the Lend & Earn dashboard. Outstanding loans will be recalled, and income already earned will be paid under the usual payment schedule. There are no fees to enrol, participate or opt out.