Earning borrow fee on fully paid up shares in share dealing

[Kartikeya]

Brokers like Interactive Brokers let account holders earn borrow fee for lending their fully paid up shares. This gives some additional return apart from the original investments. I was wondering if IG has plans of doing anything like this for the share dealing account? 

https://www.interactivebrokers.co.uk/en/index.php?f=46957

[Fletch]

Would be nice, but I can't see it happening. To be honest, I would be happy to just have a say over whether a broker can pimp my shares around. Ultimately, I guess the argument is that the fee the broker gets from lending clients' shares out offsets the commission the clients' are charged, so they are indeed indirectly paid from the process. The whole thing stinks though.

Edited March 19, 2021 by Fletch

[Caseynotes]

I don't think IG has ever done this and is perhaps linked to the Custodian model they use where the actual shares are held by Citi bank.

Many years ago they did use to go to the market to find shares for clients to borrow to short (as opposed to using other IG client's shares) but seem to have stopped doing this 7 or 8 years ago for non-leveraged.