CORONAVIRUS NOTICE #13

Despite what is at stake and the challenges we are all facing, I am very pleased to say that PEAK continues in its activities and operations, without much difference to how we were before the crisis.

This week we will continue to assist you in your adjustment to teleworking. After all, working from home presents a lot of significant challenges.

This is why we will be proposing this week a number of reference documents and links which will offer practical advice and, I hope, will inspire you to put in place the most efficient business practices possible under these circumstances.

Take note of the resources that accompany today’s communication are from the Harvard Business School.

In addition, you will fill below other advice and recommendations from our Compliance team.

Sincerely,

Erika Fernandez
Interim Chief Operating Officer and Vice-President, Finance and Control

RESSOURCES 

MANAGING A TEAM THROUGH THE CRISIS

COMPLIANCE—PEAK INVESTMENT SERVICES ADVISORS

REMINDER CONCERNING LEVERAGING

The current market conditions are conducive to opportunities. We have noticed an increase in leveraging in recent weeks. To this end, we would like to remind you of a few points.

• The use of the leverage strategy must first be approved by your branch manager as well as by the head office.
• We recently updated the checklist for policies and procedures related to leveraged loans.
• These policies apply whenever funds are borrowed to invest, regardless of the source of funds (such as a personal line of credit).

In order to reduce approval times, we invite you to read the leverage checklist.

For further details, please also refer to Section 6.7: Borrowing to Purchase Securities (Leveraging) in the Policy and Procedures Manual.

COMPLIANCE—PEAK SECURITIES ADVISORS

POINTS TO REMEMBER TO LIMIT INTERVENTIONS

In order to limit head office interventions to advisors, and to improve the efficiency of operations, we ask you to remain vigilant when carrying out activities on behalf of your clients.

In particular, we have noticed the mistakes below, which can be easily eliminated.

• Cash account or registered account
  • Transactions must be completed on the settlement date. Purchase and sale transactions must be made simultaneously or have the same settlement date when the account does not have cash and the customer does not intend to make a deposit to cover the debit.
•  Transaction in the wrong account
  • Transactions in AKILA 2.0 must be made directly from the account in which you wish to trade and not from the “Client” section. Doing this avoids the possibility that the wrong account is selected by mistake when a transaction is carried out, and thus have to make a correction to rectify the transaction to cover the overdrawn amount.
  • For more details, download the procedure here.

CORONAVIRUS SUMMARY PAGE

In order to consolidate all PEAK information regarding the Coronavirus, we have created a temporary Web page.

COVID-19 page