MARGIN ACCOUNT AGREEMENT. A margin facility allows You to borrow funds from BB&T Securities, using acceptable securities for collateral for the loan. A margin account is required to make short sale transactions or to trade uncovered options. The term short sale refers to the sale of a security that You do not own at the time the order is placed. When a short sale is transacted, the security is borrowed for delivery to the purchaser. The borrowed security can be called in at any time by the lender. Securities eligible for margin trading must be traded on national securities exchanges or on the National Market System of NASDAQ and such securities must have an initial minimum market value of $5 per share. The loan available under a margin account is based on the current market value of the account and the types of securities in the account; therefore, the amount available for loan can change day to day. BB&T Securities may extend credit to You through this margin facility according to applicable laws and regulations and the Disclosure of Credit Terms and policies contained herein. Trading on margin can be speculative. You should understand the operation of this facility and its relationship to Your brokerage account, and if applicable, the check writing and debit features of your account. You should appreciate the operation of this account in various market conditions and You should carefully consider Your financial position, investment objectives and risk tolerance before trading on margin or accessing credit through the margin facility. Failure to maintain sufficient margin will result in forced liquidation of Your account and could result in a debit balance that You would owe BB&T Securities.
MARGIN ACCOUNT AGREEMENT. In consideration of the Broker agreeing to open and maintain a margin account in the name of the Client, the latter consents and undertakes to comply with the following terms and conditions:
MARGIN ACCOUNT AGREEMENT. If we permit you to trade securities on margin, you agree to be bound by the following provisions, which apply specifically to each margin account you open with us, and the provisions of the Cash Account Agreement, which is hereby incorporated by reference:
MARGIN ACCOUNT AGREEMENT. Where the Client requests that a Margin Account be opened, the Brokers will provide margin to the Client subject to the terms and conditions outlined below. The Client acknowledges that the responsibility for granting margin privileges and the determination of the suitability of the use of margin rests with the Introducing Broker. Client agrees to be bound by the following provisions, which apply specifically to each Margin Account the Client opens with the Brokers. A Margin Account allows the Client to borrow funds. With a Margin Account, the Client can borrow funds from the Securities that the Client already holds in the Account or from part of the value of the Securities that the Client wishes to purchase. This can increase gains, but it can also increase losses. That is why the use of borrowed funds to finance the purchase of Securities bears greater risks than paying for the Securities the Client wishes to acquire with funds the Client already has. If the Client applies for a margin facility, the Client acknowledges the following:
MARGIN ACCOUNT AGREEMENT. Complete this section only if you accept the margin agreement described in paragraph 16 through 19 of this agreement. In consideration of your opening and maintain in one or more margin accounts on my behalf, I (we) hereby acknowledge that I (we) have read, understand and agree to the terms of a margin account contained in paragraphs 16 through 19 of this agreement. By signing this agreement, I (we) acknowledge that my (our) securities may be loaned to you or loaned out to others. If this is a joint account, all parties must sign.
