Earn extra income on the fully paid securities in your account by participating in the Retail Securities Lending Program offered through Rothenberg Wealth Management and National Bank Independent Network.
Eligibility and program guidelines
To participate in the program, your Investment Advisor or Portfolio Manager must be an approved participant in Rothenberg Wealth Management/NBIN’s Retail Securities Lending Program.
This program is limited to Canadian residents and is not for all investors; your Investment Advisor or Portfolio Manager will determine your eligibility.
If you are eligible to participate in the program, you will complete a Securities Lending Account Request form to open your Securities Lending Account as well as a Collateral Account Opening form.
If you wish to exclude any securities from being lent, you will also complete a Security Exclusion form at this time.
Once these forms are completed and your Securities Lending Account has been opened, your securities will be available for loan.
Things to consider
There is no guarantee your securities will be lent and loans can be terminated at any time.
Your lent securities may be used to facilitate short selling.
Warm and hard to borrow securities may change based on market conditions and supply and demand. Therefore, rates paid on your loan will vary over the life of the loan.
You cannot vote on securities while they are on loan. To vote, you must recall the lent securities.
While on loan, your securities are not covered by CIPF. Rather, you will receive high-quality collateral while your securities are on loan.
I would like to learn more about the Retail Securities Lending Program – please have an advisor contact me
