Interest on Margin Clause Samples
The 'Interest on Margin' clause defines how interest is calculated and applied to margin balances held by a party, typically in the context of financial trading or lending agreements. This clause specifies whether interest is paid on positive margin balances or charged on negative ones, and outlines the applicable interest rates, calculation methods, and payment frequency. Its core practical function is to ensure transparency and fairness in the treatment of funds held as margin, compensating parties appropriately and clarifying financial obligations related to margin accounts.
Interest on Margin. You shall pay interest on credit extended by Axos Clearing under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule determined by your Broker. Your Broker’s initial interest rate schedule is attached to this Margin Agreement and will remain in effect unless modified under the circumstances described below. As noted in this rate schedule, the interest rates selected by your Broker will be added to the Axos Clearing Base Rate (“ACBR”) to determine your margin interest rate.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule determined by your Broker. Your Broker’s initial interest rate schedule is attached to this Margin Agreement and will remain in effect unless modified under the circumstances described below. As noted in this rate schedule, the interest rates selected by your Broker will be added to the COR Clearing Base Rate (“CCBR”) to determine your margin interest rate.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Broker. This interest schedule will be added to the COR Clearing Base Rate (“CCBR”) to determine your interest rate. The CCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed. The Interest Rate will vary from time to time without prior notice, in accordance with shifts in money rates, industry conditions relating to the extension of margin credit and the general credit markets.
Interest on Margin. The Customer acknowledges and agrees that DBS ▇▇▇▇▇▇▇ may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures, foreign exchange trading or OTC transactions provided always that DBS ▇▇▇▇▇▇▇ may always retain the difference between such interest and the actual interest earned by DBS ▇▇▇▇▇▇▇ on such Margin. DBS ▇▇▇▇▇▇▇ shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS ▇▇▇▇▇▇▇’ own account.
Interest on Margin. Without prejudice to Clause A6, the Customer acknowledges and agrees that DBS may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures or OTC transactions provided always that DBS may always retain the difference between such interest and the actual interest earned by DBS on such Margin. DBS shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS’ own account.
Interest on Margin. You shall pay interest on credit extended by Axos Clearing under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the Axos Clearing Base Rate (“ACBR”).
Interest on Margin. You will pay interest on credit extended by RQD under this Margin Supplement Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your daily net settled debit balance and calculated using the interest rate schedule determined by your Introducing Broker. Your Introducing Broker’s initial interest rate schedule is included in this Margin Supplement Agreement and will remain in effect unless modified under the circumstances described below. You will be provided by your Introducing Broker with thirty (30) calendar days’ written notice of any changes your Introducing Broker elects to makes to its rate schedule. The rate of interest charged for the credit extended to you will be calculated on a 360-day year and actual days elapsed using the rate schedule determined by your Introducing Broker and included in this Margin Agreement. You may contact your Introducing Broker or RQD’s Customer Service Department at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ if you have any questions about the margin rates applicable to your Margin Account balances. Contact information for TradingBlock can be found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/Help/CustomerService.aspx. RQD is furnishing this statement to you to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading stocks in a margin account, you should carefully review this Agreement. Further, RQD encourages you to consult your Introducing Broker with any questions or concerns you may have regarding margin accounts, and in particular, your margin account(s). Contact information for TradingBlock can be found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/Help/CustomerService.aspx. When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from RQD. If you choose to borrow funds from RQD, you will open a margin account with RQD. The securities purchased are RQD’s collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, RQD can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with RQD in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following: You can lose more funds than you deposit i...
Interest on Margin. You shall pay interest on credit extended to you under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Investment Firm. This interest schedule will be added to the Legent Base Rate (“LBR”) to determine your interest rate. The LBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Broker. This interest schedule will be added to the COR Clearing Base Rate (“CCBR”) to determine your interest rate. The CCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re-hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances.
Interest on Margin. You agree to be charged interest on any credit extended to or maintained for you for the purpose of purchasing, carrying, or trading in any security. ETC Brokerage will charge interest on a daily basis on the credit that we extend to you. The margin interest rate is set at the discretion of ETC Brokerage with references to the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. The margin interest rate will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit, at ETC Brokerage’s discretion. ETC Brokerage makes available the current margin interest rate at the following link on ETC Brokerage’s website: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/resources/. ETC Brokerage will update the information displayed at that website to reflect any adjustments in the margin interest rate so that you may check the current margin interest rate at any time. We base our daily margin interest rate on a 360-day year and calculate interest for each day by dividing the applicable margin interest rate shown on our website by 360. Interest charges will accrue to your Margin Account each day and we will add these charges to the aggregate debit balance monthly and charge interest on the new aggregate debit balance from that day forward. You will be provided a statement that will show the dollar amount of interest and the interest rate charged to your Margin Account for each interest rate applied during the period covered by the statement.