Eight Simple Steps to a Stock Loan Closing

1. Request loan quotes using the Contact button found on the menu of the website. Or call us on the number below. We aim to provide you a response same day, within a few hours and to generate for you a term sheet offer within 24-72 hours, providing we can qualify and verify** your holdings. Foreign stocks or stocks that trade thinly or stocks with special restrictions may take longer. Your single application will make you eligible for all loan programs and features at once.
2. Receive loan quote(s) and term sheet(s) for review. Choose your offer. You are under no obligation to choose any particular offer, though you must choose at least one and sign a term sheet to proceed.
3. Attend a call with us to ensure maximum understanding of your term sheet. This enables us to be sure that the quotes are acceptable to you, while also allowing you an opportunity to ask questions before moving forward.
4. Execute/sign term sheet to advance to the next stage. This allows you to not only avail of the loan quote listed in your term sheet, but to customize your securities financing further prior to final loan documents through consultation that will be provided for you. The executed term sheet also shows that you understand and accept the offer as presented to you, but does not bind you to accept or move forward in any way with the loan if you should decide it is not for you. This document must be filled out and signed, however, before the transaction can proceed.
5. Receive Loan Agreement Documents. Review your terms and all the other conditions that come with your loan. If you are satisfied, execute/sign the loan agreement documents, which consist of only 3 items of paperwork.
6. Share transfer and settlement*. Place your shares as per lenders instruction. Ordinarily, shares are held with top-tier, SIPC member  banks/brokerages. Beneficial ownership and voting rights of securities remain yours.
   
7. Loan funds deposited. Upon verification of settlement, loan cash will be placed in your checking account, normally within 72 hours of signing of loan documents and often instantaneously on settlement if DVP (demand vs. payment) is used. The entire process can take place very quickly -- within a few days.
   
8. Maintain loan. You will receive periodic account statements under the loan program. Keep up your quarterly or semi-annual interest only payments and should you require a modification of some kind to your finance - for example, the opportunity to swap one set of shares for another of similar value - you may bring that request directly to us. If your shares have risen significantly and consistently over time since your loan closed, you may even request consideration for a higher loan amount.

*with our institutional premier products, shares are transfered into an account in your name and title, held with a top-tier, SIPC member brokerage
** qualify and verify is a standard component of any securities loan process. qualification involves ensuring securities meet lending criteria based on price/volume. verification involves ensuring you are the registered owner of the collateral, by means of a recent bank/brokerage statement or other accepted verification information