Trading Permissions

Trading permissions specify the products you can trade and where you can trade them. This screen lets you view and modify existing trade permissions as well as sign up for trading programs such as the Stock Yield Enhancement Program.

Before you configure trading permissions, you must qualify to trade those products on the Financial Information screen.

To configure trading permissions

1. For each product that you want to trade (Stocks, Options, etc.), select the country in which you want to trade. Click All to trade a product in all countries listed.
2. Select trading programs for which you want to sign up. Note that not all of our clients are eligible for all trading programs. If you do not see a specific trading program listed, then you are not eligible for that program.
• The Stock Yield Enhancement Program lets you earn additional income from fully paid shares by allowing us to borrow those shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing pay interest borrow them.
• The Pre-Borrow Program lets clients with Portfolio Margin accounts pre-borrow shares to decrease the chances of being bought-in on settlement date.
3. Click Continue.
4. Review your trading permissions and then click Continue.
5. Accept and sign any disclosures that appear. Click YES to accept a disclosure, and type your name where indicated.

Trading permissions can take up to 24 hours to approve.

What are Limited Options?

If you want to trade options but do not have enough experience, you can select Limited Option Trading on the Trading Permission screen. Limited option trading is available with any investment objective that you select on the Financial Information screen. Limited option trading lets you trade these option strategies:

• Long Call or Put
• Covered Calls
• Short Naked Put: Only if covered by cash
• Call Spread: Only European-style cash-settled
• Put Spread: Only European-style cash-settled
• Long Butterfly: Only European-style cash settled
• Iron Condor: Only European-style cash settled
• Long Call and Put