Does anyone here actually loan out their shares to shorters? Or is that just an insto thing? What's the amount you get for loaning them and is there any risk that the borrower goes bust and you never get your shares back?
I've actually thought that I am not selling my holdings for years so why not make some extra money on them? I couldn't care less about the shorting because long term, I know our SP will be multiples higher than we are now. Short term manipulation doesn't really bother me (well, a little).
Hi alwaysgreen..............I posted in here about 2 weeks ago..ish a list of Aust Banks & Brokers who supplied shares for Shorting.
Sadly it involved EVERYONE of the Big 4 Banks and most of the minors plus every Broker name of consequence here in Australia.
Do they need to "ask" you before "loaning" your shares to Shorters? Not sure. We have all probably agreed to it some fine print on page 121 of some disclosure documents we signed or agreed to when opening our trading accounts.
Myself my Big 4 Bank accounts I am sure are used and I know for certain my SMSF accounts with Specialist Brokerages are definitely being used to supply Shorters even though I do not see any fees. (must check for that).
Sad world. Greedy.
Yak52.