Where will the collateral be held?

To secure the loan, cash and non-cash collateral (as per the Securities Exchange Act of 1934 and related SEC and FINRA guidance) will be held for your benefit at a custodial bank that is independent of our clearing partner, DriveWealth. The value of the collateral held is equal to 102% of the daily marked-to-market value of your lent securities

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How will SIPC coverage be impacted?
SIPC will not cover the securities position on loan. However, the loan will be backed by 100% collateral held at a third-party bank.
How will securities be chosen for loans?
All enrolled accounts holding the security will be identified and put into a lottery process. Accounts will then be selected on a random basis.
How will dividends be handled within the Fully Paid Lending Income Program?
Substitute payments will be provided in lieu of dividends and are taxed differently than dividends. Consult your tax professional for further details.
Will I continue to have voting rights for shares on loan?
No, voting rights are forfeited for shares on loan, but the client will retain voting rights for any shares of that security that are not on loan.
Will my Extended Hours order get executed even if the US Markets are closed (outside core-market hours)?
Once an Extended Hours order is placed, it will attempt to be executed in the current trading session. For example, if the order is placed during the pre-market session, it will attempt to be executed during the pre-market session. If the order is ...

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