| 释义 |
lending at a premium Lending at a premiumA loan from one broker to another of securities to cover a customer's short position, with a borrowing fee included. A fee is unusual since securities are normally lent freely between brokers.Lending at a PremiumA loan of a security between two brokers where the lending broker charges a fee to the other. Lending at a premium occurs to cover the cost of the short sale of the security by a client. It is not common to lend at a premium (most brokers lend securities to each other for free as a courtesy); it primarily occurs for illiquid securities.lending at a premium The imposition of an extra fee when securities are lent by one broker to another to cover a customer's short sale. Although lending at a premium is fairly unusual, it may occur when a particular security is difficult to borrow. |