What if my clients want to sell a portion of their pledged Franklin Templeton mutual fund shares?
The Franklin Templeton fund shares your clients elect to pledge as collateral will be moved and held in a separate, dedicated fund account. If they have pledged shares in more than one Franklin Templeton fund, a separate, dedicated account will be opened for each fund. Upon approval, clients may be permitted to sell a portion of their pledged Franklin Templeton fund shares, as long as the outstanding balance on the loan or line of credit does not exceed 65% of the value of the remaining pledged shares.
