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.
Appears in 2 contracts
Sources: Account Agreement, Account Agreement