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Yes, you can sell your loaned securities. Sell them or recall the loan at any time.Ĭan I sell securities that are out on loan? #SCHWAB SECURITIES LENDING FULLY PAID PROGRAM FULL#You maintain full economic ownership of securities out on loan and may Upon receiving your notice, Natcan Trust Company willīegin the process of recalling your loaned securities. Writing at least 15 business days before your intended date of You may withdraw from the program at any time by informing us in What if I change my mind after I enroll in the securities lending program? #SCHWAB SECURITIES LENDING FULLY PAID PROGRAM FREE#6-month average free float market capitalization ≥.6-month average daily trading volume ≥ 100,000.6-month average volume weighted average price (VWAP) ≥.Securities listed on anĮxchange in Canada that meet at least one of the following criteria (including exchange-traded funds (ETFs)). Securities from issuers listed on a Canadian or U.S. The fully-paid securities lending program is restricted to What types of securities are eligible for the program? ![]() You must be a National Bank Direct Brokerage Distinctive ServicesĬlient or have $100,000 in assets in a non-registered account. Tax impact of your participation in the program. Natcan Trust Company from your lending revenue and to understand the #SCHWAB SECURITIES LENDING FULLY PAID PROGRAM HOW TO#Tax specialist to find out how to deduct the amount collected by T5 (in Box 14 – Other income from Canadian sources). This lending revenue willīe reported on your tax slips, the “Investment Income Summary” and the ![]() Must be included in your income tax return. The total amount of lending revenue received from securities lending How will these payments be reported on my tax slips? Of the lending revenue is shared with Natcan Trust Company, as a feeįor acting as lending agent, collateral agent and securities The entire amount (100%) of the lending revenue will be paid into yourĪccount around the 4th business day of the month. Securities, prorated to the number of days the securities were lent. You can earn lending revenue based on the lending value of the When you participate in the fully-paid securities lending program, What portion of the lending revenue am I entitled to? The loan rate is based on market factors and may vary based on Section of your National Bank Direct Brokerage account. These accounts will be displayed under the "Assets" Into a fully-paid securities lending account, which you can consult Monitor your loaned securities at any time. Securities are returned or when loan rates change. Reports indicating the names of the loaned securities, the number of ![]() When your securities are lent, you'll receive daily and monthly How will I be informed when my securities are out on loan and of Purposes such as short selling, hedging strategies or to take Loaned securities will mainly be used for financing activities, suchĪs cash management and collateral exchange. Securities to and from investors for a variety of purposes. What will my securities be used for when they are out on loan?ĭuring the course of a typical trading day, brokers lend or borrow You can also exclude certain securities if you don't want them to be lent. The factors that determine which securities will be lent. Lent is the availability of the security in the market relative to theĭemand to borrow that security. The key factor in determining whether a security will be Participation in the program does not guarantee that your securities Will my securities be lent as soon as I enroll in the program? ![]()
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