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The bank lends securities as agent on behalf of our clients. All securities are lent versus collateral.

  • < Bonds>
    US treasury and government agency bonds, Canadian bonds, major European bonds, corporate bonds, and supranational bonds.
  • <Stocks>
    US stocks, major European and Asian stocks. 

  • < Bonds >
    For bonds we provide primarily overnight lending and also offer term lending if a client requests. 
  • <Stocks>
    For stocks we usually offer an open-ended lending period.

  • SMTBUSA deals only with counterparties who earn the highest short term credit rating.  We carefully select counterparties with strong financial standing, such as investment banks, commercial banks and securities firms.

  • SMTBUSA minimizes risk when lending securities on behalf of our clients. All securities are lent versus collateral.

  • SMTBUSA keeps collateral at a minimum of 102% of market value of loaned securities, including accrued interest.

  • SMTBUSA keeps collateral at a minimum of 102% of market value of loaned securities, including accrued interest.

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