BT Margin Lending clients’ stock is not used for stock lending purposes

02/04/2008

BT Securities Limited (BT Margin Lending) is one of Australia’s most experienced margin lenders with almost thirty years experience in assisting clients to build wealth using gearing.

Recently there has been media commentary regarding clients of other firms who may have signed a securities lending agreement.

BT Margin Lending can confirm that our margin lending product is based on a margin lending agreement and not a securities lending agreement.

A significant difference is that beneficial ownership of securities remains with our clients for their holdings.

BT Margin Lending does hold a mortgage over these securities and may exercise  rights to sell some or all of the securities in the event of a margin call or a default occurring on a client’s loan.

BT Margin Lending also confirms it does not participate in stock lending arrangements with any clients’ stock.

If you require further information please contact Customer Relations on 1800 816 222.