Retail Securities Lending

Securities lending may be a loan or a line of credit tied to the Prime Rate or LIBOR, collateralized by securities held in a Raymond James investment account.  Clients typically utilize this structure for major purchases or large projects.  Clients may also wish to payoff and transfer an existing bank line of credit when a new account is established with Raymond James & Associates.

Raymond James & Associates has a margin lending product tied to the Prime Rate that is easily accessible with attractive repayment terms.  Raymond James Bank's securities lending product compliments the margin product by providing an alternative product, particularly when there are loan to value or margin account limitations. When the limitations occur, securities lending through Raymond James Bank may better meet your investment strategy.

For more information on securities lending from Raymond James Bank, please call our LOAN Line at 888-457-LOAN (5626).

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Securities Lending programs are not suitable for everyone. A loan client may be at risk of losing money in their collateral account due to market volatility. This may require the deposit of additional equity into the collateral account, which could result in further losses. Though RJBank will typically contact the client or their Financial Advisor prior to liquidating pledged assets, RJBank reserves the right to sell pledged assets of its choosing without contacting the client, if needed to maintain equity in the collateral account. Trading in the collateral account is permissible provided that minimum balance requirements are maintained. In addition to regular closing costs, an annual fee may be charged by Raymond James & Associates, Inc. for manual administration of the pledge accounts. Clients should consult with their Financial Advisors for details.

Loan proceeds from Raymond James Bank lending programs may not be used to purchase, trade or carry securities or to repay debt used to purchase, trade or carry securities.

Products, terms and conditions subject to change. Subject to standard credit criteria.

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, FSB, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank and are subject to investment risks, including possible loss of the principal invested.

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