National Bank Independent Network (NBIN) is a division of National Bank Financial Inc. (NBF Inc.), as well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF Inc. NBF Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). NBF Inc. is the Carrying Broker for the Investment Dealer with whom you opened your securities account. Your Investment Dealer is independent of NBIN and has retained NBIN 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 NBIN (as a division of NBF Inc.) and your Investment Dealer. It is important that you understand the responsibilities of your Investment Dealer and NBIN under this Agreement.