SECURITIES LENDING PROGRAM Sample Clauses

The Securities Lending Program clause establishes the terms under which a party may lend its securities to another party, typically in exchange for collateral and a fee. This clause outlines the eligibility of securities for lending, the process for transferring securities and collateral, and the rights and obligations of both the lender and borrower during the lending period. By clearly defining these procedures, the clause facilitates the temporary transfer of securities, enabling increased liquidity and potential income for the lender while ensuring the return of the securities and protection against default.
SECURITIES LENDING PROGRAM. All M1 Finance LLC clients have the option to enroll in the Apex Securities Lending program. Clients agree to the Master Securities Lending Agreement for APEX Clearing Corporation when opting into the Apex Securities Lending program but only after opening an M1 Finance LLC account, and that agreement outlines the details of the program including the risks and the benefits of participating. Securities Lending involves lending securities to financial institutions who may want to borrow securities for multiple reasons. These reasons include but are not limited to supporting trading strategies, covering short sales, or satisfying customer possession and control requirements. Borrowers actively seek securities which are “hard to borrow”, meaning there is a limited supply of the securities available to be loaned.
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SECURITIES LENDING PROGRAM. (a) Apex has agreed to allow Correspondent to participate in Apex’s Fully-Paid Securities. Lending Program (“the Fully-Paid Lending Program”). Correspondent agrees and acknowledges participation in the Fully-Paid Lending Program is at all times in Apex’s sole discretion, and nothing in this Agreement shall constitute a commitment or undertaking by Apex to permit Correspondent or any of Correspondent’ s Customers to participate in the Fully- Paid Lending Program. Apex may, in its sole and absolute discretion, accept or refuse any participation in the Fully-Paid Lending Program or any instruction to effect any transaction related to the Program. (b) Correspondent acknowledges and agrees to Apex that: (i) Correspondent has read FINRA Rule 4330(b)(2) and FINRA Regulatory Notice 14-05 and. understands the requirement to make an appropriateness determination and suitability analysis prior to allowing a Customer to enter into the Fully-Paid Lending Program; (ii) As between Correspondent and Apex, it is Correspondent’s obligation to perform and complete the due diligence required by FINRA Rule 4330(b)(2) to ensure that the Fully-Paid Lending Program is appropriate for any Customer requesting to participate or participating in the Program. As between Apex and Correspondent, it is also Correspondent’s obligation to comply with rule 2111 (Suitability) when recommending to a Customer a securities lending program, individual transactions within such program, or an investment strategy that includes a securities lending program; (iii) In making the determination in subsection (ii) above, Correspondent has considered each Customer’s financial situation and needs, tax status, investment objectives, investment time horizon, liquidity needs. risk tolerance, and any other relevant information and that Apex is relying on Correspondent to make this determination; (iv) Correspondent will ensure that any Customer pa1ticipating in the Fully-Paid Lending Program has executed a Master Securities Lending Agreement for Apex Clearing Corporation’s Fully-Paid Securities Lending Program and has received and read a copy of the disclosure document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program; and (v) In providing the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program to any ...
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SECURITIES LENDING PROGRAM. Apex will retain 75% of gross revenues earned from fully-paid securities lending program. Correspondent shall receive the remaining 25% of revenues earned from the fully-paid securities lending program. Any payment to Customer will be at Correspondent’s discretion and will only come from Correspondent’s portion of revenue from the fully-paid securities program.
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SECURITIES LENDING PROGRAM. All M1 Finance LLC clients are automatically enrolled in the Securities Lending program. Clients agree to the Master Securities Lending Agreement for APEX Clearing Corporation when opening an M1 Finance LLC account which outlines the details of the program including the risks and the benefits of participating. Securities Lending involves lending securities to financial institutions who may want to borrow securities for multiple reasons. These reasons include but are not limited to supporting trading strategies, covering short sales, or satisfying customer possession and control requirements. Borrowers actively seek securities which are “hard to borrow”, meaning there is a limited supply of the securities available to be loaned.
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SECURITIES LENDING PROGRAM. All M1 Finance LLC clients are automatically enrolled in the Securities Lending program. Clients agree to the Master Securities Lending Agreement for APEX Clearing Corporation when opening an M1 Finance LLC account which outlines the details of the program including the risks and the benefits of participating. Securities Lending involves lending securities to financial institutions who may want to borrow securities for Form - July 2023 ACCOUNT AGREEMENT | Page 8 of 20 multiple reasons. These reasons include but are not limited to supporting trading strategies, covering short sales, or satisfying customer possession and control requirements. Borrowers actively seek securities which are “hard to borrow”, meaning there is a limited supply of the securities available to be loaned.
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Related to SECURITIES LENDING PROGRAM

  • Securities Lending The Separate Accounts may participate in a securities lending program consistent with the terms of the general account securities lending program in which collateral is received for loaned securities, provided investments made with such collateral are invested within the Separate Accounts in assets consistent with these Investment guidelines and that match securities lending program liabilities.

  • Securities Law Compliance Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations.

  • Registration Compliance; No Stop Order No order suspending the effectiveness of the Registration Statement shall be in effect, and no proceeding for such purpose, pursuant to Rule 401(g)(2) or pursuant to Section 8A under the Securities Act shall be pending before or threatened by the Commission; the Prospectus and each Issuer Free Writing Prospectus shall have been timely filed with the Commission under the Securities Act (in the case of an Issuer Free Writing Prospectus, to the extent required by Rule 433 under the Securities Act) and in accordance with Section 4(a) hereof; and all requests by the Commission for additional information shall have been complied with to the reasonable satisfaction of the Representatives.

  • Registration Compliance; No Stop Orders The Registration Statement has become effective under the Securities Act, and no stop order suspending the effectiveness of the Registration Statement or any part thereof, preventing or suspending the use of any Preliminary Prospectus, the Prospectus or any Permitted Free Writing Prospectus or any part thereof shall have been issued and no proceedings for that purpose or pursuant to Section 8A under the Securities Act shall have been initiated or threatened by the Commission, and all requests for additional information on the part of the Commission (to be included in the Registration Statement or the Prospectus or otherwise) shall have been complied with to the reasonable satisfaction of the Representative; the Rule 462(b) Registration Statement, if any, and the Prospectus shall have been filed with the Commission within the applicable time period prescribed for such filing by, and in compliance with, the Rules and Regulations and in accordance with Section 4(a) of this Agreement, and the Rule 462(b) Registration Statement, if any, shall have become effective immediately upon its filing with the Commission; and FINRA shall have raised no unresolved objection to the fairness and reasonableness of the terms of this Agreement or the transactions contemplated hereby.

  • Predatory Lending Regulations; High Cost Loans None of the Mortgage Loans are classified as (a) “high cost” loans under the Home Ownership and Equity Protection Act of 1994 or (b) “high cost,” “threshold,” “predatory” or “covered” loans or “High Cost Home Loans” under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees);