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Retail Securities Lending Program

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.

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Program Overview

The retail securities lending program, offered by national bank Independent network, allows you to lend your fully paid securities held in your cash or fully paid margin accounts. You will receive 50% of the revenue earned on the loaned security which can be very helpful in enhancing the returns in your portfolio.

The program focuses on lending opportunities in the marketplace with securities that are generally held by retail investors and have limited availability for borrowing.

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.

Benefits

  • You will receive 50% of the revenue earned from lending out the securities. Your securities lending account will be opened under the same client ID as your trading account and will appear on your regular statement and in PayPortfolio+.
  • You will receive detailed reports regarding your securioties on loan, the revenue earned and the collateral held to cover the loan.
  • You retain economic ownership of your securities while they are out on loan.
  • You can exclude securities from perticipating at any time by completing the Security Exclusion Form.
  • You can sell securities or withdraw from the program at any time.
  • While securities are on loan, they are covered by high-quality collateral.
  • 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.

Contact Us

Let us know how we can assist you.

Our Offices

Westmount Head Office
Montreal – West Island
Montreal – South Shore
Calgary

Westmount Head Office

Address
4420 St. Catherine Street W
Westmount, Quebec H3Z 1R2 Canada
Telephone
514-934-0586
Telephone
1-800-811-0527
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Montreal – West Island

Address
6500 Trans Canada, Suite #140
Pointe-Claire, Quebec H9R 0A5 Canada
Telephone
514-697-0035
Telephone
1-800-811-0527
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Montreal – South Shore

Address
4605 Boulevard Lapinière, Block B (Floor 3)
Brossard, Quebec J4Z 3T5
Telephone
450-321-0001
Telephone
1-800-811-0527
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Calgary

Address
1333 8th Street SW, Suite 302
Calgary, Alberta T2R 1M6 Canada
Telephone
403-228-2378
Telephone
1-800-456-0949
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