Brokerage Lending Program: Hi all, New to the
Post# of 153888
(Total Views: 708)
Posted On: 02/12/2020 11:13:10 PM
Brokerage Lending Program:
Hi all, New to the board & invested long in CYDY for > 1 year...(like the fact based balance of this board!) I’m a long term investor...never invested in an OTC stock before, but as a scientist Leronlimab data is compelling!
I received the attached unusual email today from my broker...have others of you received this? is this driven by someone trying to further short CYDY??? or??? appreciate this groups insight!
“Attached, please find some information about an opportunity that ... makes available to qualifying clients. ... Fully Paid Lending Program provides clients the opportunity to earn incremental income on their portfolio through the securities lending market. The program allows ... to borrow fully paid and excess margin securities from your account. In return, you receive collateral which is held at a custodial bank and marked to market daily. In addition, you receive a monthly lending fee which is automatically credited to your ... Account. You maintain full economic ownership of securities on loan and may sell the shares on loan at any time, including online. You can also monitor your securities on loan in the same manner as the rest of your portfolio. The duration of a loan is typically indefinite and may remain open until you or Fidelity wish to close it.
Currently, the following positions and rates could apply (subject to change based on market conditions): CYDY – 16.29%
I have attached the program Fact Sheet, which describes the program in further detail, including the potential risks involved. Please feel free to contact us if you are interested in learning ...
Regards,“
Hi all, New to the board & invested long in CYDY for > 1 year...(like the fact based balance of this board!) I’m a long term investor...never invested in an OTC stock before, but as a scientist Leronlimab data is compelling!
I received the attached unusual email today from my broker...have others of you received this? is this driven by someone trying to further short CYDY??? or??? appreciate this groups insight!
“Attached, please find some information about an opportunity that ... makes available to qualifying clients. ... Fully Paid Lending Program provides clients the opportunity to earn incremental income on their portfolio through the securities lending market. The program allows ... to borrow fully paid and excess margin securities from your account. In return, you receive collateral which is held at a custodial bank and marked to market daily. In addition, you receive a monthly lending fee which is automatically credited to your ... Account. You maintain full economic ownership of securities on loan and may sell the shares on loan at any time, including online. You can also monitor your securities on loan in the same manner as the rest of your portfolio. The duration of a loan is typically indefinite and may remain open until you or Fidelity wish to close it.
Currently, the following positions and rates could apply (subject to change based on market conditions): CYDY – 16.29%
I have attached the program Fact Sheet, which describes the program in further detail, including the potential risks involved. Please feel free to contact us if you are interested in learning ...
Regards,“
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