NBCN Inc. (“NBCN”) is Canada’s leading supplier of correspondent brokerage services. A division of National Bank Financial, one of Canada’s largest investment dealers both NBCN and National Bank Financial are indirect wholly-owned subsidiaries of National Bank of Canada.

NBCN is the Carrying Broker for the financial institution with whom you opened your securities account. Your financial institution is independent of NBCN and has retained NBCN to provide certain record keeping and operational services which may include execution and settlement of securities transactions, custody of securities and cash balances, and extension of credit on margin transactions.

These services are provided under a written Introducing/Carrying Broker Agreement between NBCN and your financial institution. It is important that you understand the responsibilities of your financial institution and NBCN under this Agreement.