Investment Loan Workflow – mailed submissions

For those who prefer to submit an application by fax and mail, the following information outlines all of the necessary steps.

1

Obtain an investment loan application.

For a B2B Bank loan application:

  • Click here for a fillable pdf of the Investment Loan Application or
  • Order paper applications by filling out our Material Request Form and faxing it to 416.865.5709

For a Distribution Alliance loan application, contact the applicable Distribution Alliance directly.

2

Complete the application and required supporting documentation with your client(s). Ensure you and your client(s) sign all documents.

Supporting documentation for mutual fund investment loans may include:

  • Void cheque (from a personal account)
  • Letter of Direction – required only if paying out a loan at another financial institution
  • Pledge Letter¹ and/or cheque payable to B2B Bank, B2B Bank Financial Services Inc., B2B Bank Securities Services Inc. or B2B Bank Intermediary Services Inc. (whichever is applicable) – required if paying out a loan at another financial institution, OR if your client is pledging collateral on a 3 for 1, 2 For 1 or 1 For 1 Loan
  • If pledging cash or eligible fund collateral (not related to a payout), these transactions must be added to a new or existing investment account prior to the funding of the loan. When opening a new investment account for the purposes of pledging cash or eligible fund collateral prior to the funding of the loan, a complete investment account application must be submitted to B2B Bank Dealer Services. Not applicable to investment accounts at B2B Bank.
  • Movable Hypothec (Quebec only)

For mutual fund loans from the B2B Bank Distribution Alliance Loan Program or the B2B Bank Select Loan Program, you also need to include:

  • Letter of Privilege

For Distribution Alliance segregated fund loans, you need to include:

  • Void cheque (from a personal account)
  • Letter of Direction – required only if paying out a loan at another financial institution
  • Notice of Investments² and/or cheque payable to B2B Bank – required if paying out a loan at another financial institution, OR if your client is pledging collateral on a 3 for 1, 2 For 1 or 1 For 1 Loan
  • Assignment, Hypothecation, Acknowledgement and Direction
  • Original life insurance application
  • Movable Hypothec (Quebec only)

Proof of income and assets

Refer to required income and asset document list available at b2bbank.com/loandocs

3

Fax or mail all documentation to B2B Bank.

Fax applications to 1.866.941.7711

Originals should be sent to:

B2B Bank, Investment Lending
199 Bay Street, Suite 600
PO Box 279 STN Commerce Court
Toronto ON M5L 0A2

NOTE: Distribution Alliance programs may have different documentation routing. Check the details of your specific program.

4

B2B Bank reviews the application and provides a credit decision by email and/or fax typically within one business day (if received prior to 3:00 p.m. ET)³.

If approved: you will be contacted and the loan will be funded4 typically within one business day upon receipt and verification of the original documentation.

If declined: you will be contacted by email and/or fax. We may reconsider a declined decision, however, additional information/documentation will be required.

1B2B Bank Dealer Services includes B2B Bank Financial Services Inc. (an MFDA member), B2B Bank Securities Services Inc. (an IIROC member, Member — Canadian Investor Protection Fund) and B2B Bank Intermediary Services (an AMF-regulated dealer operating in Quebec). B2B Bank is a trademark used under license.

2Pledged funds must be unencumbered and in the name of the borrower(s) only.

3Investment dealers must review and approve all loan applications before B2B Bank can start the adjudication process.

4Investment advisors or dealers must place the initial purchase order directly via FundSERV using the intermediary code: MRS (for B2B Bank Financial Services Inc. investment accounts), MRCC (for B2B Bank Intermediary Services Inc. investment accounts) or MSSI (for B2B Bank Securities Services Inc. investment accounts) or BTBB (for B2B Bank investment accounts). Advisors also have the option of using Advisor Access or their dealer back office systems. For independent MGAs, initial and subsequent transactions are entered manually by B2B Bank.