Orbite Technologies Inc EORBF

RE: About shares being lent for shorting

[ElanS2]

Your  TD reference states the following on page 11:1. Holding and Pledging of Securities: All Collateral for your indebtedness to us will be held by us at a location of our choice. Any securities of yours which we hold at any time when you are indebted to us may, without notice to you, be pledged by us as security for any of our indebtedness for more or less than the amount due by you to us. Any such pledge may be made either separately or together with the other securities we hold. We may lend your securities or any part of them either separately or together with other securities we are holding. 

That sounds to me like they have permission ot use your securities for shorting.

I am confused about the use of the term Segregated. My CIBCWG account agreement allows securities designated "Segregated" to be used or "borrowed" by CIBCWG for its own purposes. My statements show securities to be segregated or custody. Segregated means in street name but separated from stuff CIBCWG owns whereas custody means stuff in my name held in custody for me. Virtually all my holdings are segregated, registered and non registered accounts. All of my accounts except for the TFSA have account agreements allowing CIBCWG to use my holdings.

Is it possible that TD and CIBCWG  use the term Segregated differently? That would seem strange to me. The use of the term Segregated must defined in some industry document somewhere. Anyone out there that knows where?