What are the short locate fees?

Short locate fees are fees paid in order to enable the permission to short stocks that are non-easy-to-borrow and existing at that moment in time.

• The rate is determined by the availability of shares for shorting at that moment in time.
• The fees are quoted per share.
• The fees can vary during the day depending on market conditions. Locate fees are charged only after the price for the locate is accepted.
• If the locate shares are declined, then no fee is charged.