Auto-Renewal

Auto-renewal is a system that programmatically rolls over borrow positions at maturity. It is subject to available liquidity in the target market (fixed rate or variable rate). Learn more about how auto-renewal works here.

For a New Position

You set the renewal policy when you initiate your borrow position.

1

Review your order

After entering your borrow transaction details, click Review Order.

2

Select a renewal policy

Select the renewal policy you want.

3

Set your maximum renewal rate

If you select fixed-rate auto-renewal, you can set your maximum renewal rate. Adjust it directly on the card, or open the What happens at maturity? section and click the maximum renewal rate.

Note: If the position cannot be renewed at a fixed rate, it defaults to a variable rate for an open term.

For an Existing Position

You can edit the renewal policy from the Portfolio page or from the position's detail page. Both paths open the Edit Renewal Policy window.

Portfolio page

1

Go to the Portfolio page

Go to the Portfolio page, where your positions are listed.

2

Open the renewal settings

In the positions table, hover over the position's row, then click the three dots and click Edit renewal policy.

3

Select a renewal policy

Select your preferred renewal policy.

4

Set your maximum renewal rate

If you select fixed-rate auto-renewal, you can set your maximum renewal rate. Adjust it directly on the card, or open the What happens at maturity? section and click the maximum renewal rate.

Position page

1

Select your position

Go to the Portfolio page and click the position you want to update to open its detail page.

2

Open the renewal settings

In the Actions tab, click the edit icon on the At Maturity line.

3

Select a renewal policy

Select your preferred renewal policy.

4

Set your maximum renewal rate

If you select fixed-rate auto-renewal, you can set your maximum renewal rate. Adjust it directly on the card, or open the What happens at maturity? section and click the maximum renewal rate.