Common use of Margin Accounts Clause in Contracts

Margin Accounts. Purchases of securities on credit, commonly known as margin purchases, enable You to increase the buying power of Your equity and thus increase the potential for profit or loss. A portion of the purchase price is deposited when buying securities on margin and Pershing extends credit for the remainder. This loan appears as a Debit Balance on Your monthly statement of Account. Pershing charges interest on the Debit Balance and requires You to maintain securities, cash or other property to secure repayment of funds advanced and interest due. Interest will be charged for any credit extended to You for the purpose of buying, trading or carrying any securities, for any cash withdrawals made against the collateral of securities, or for any other extension of credit. When funds are paid in advance of settlement on the sale of securities, interest will be charged on such amount from date of payment until settlement date. In the event that any other charge is made to the Account for any reason, interest may be charged on the resulting Debit Balances. You authorize Pershing to transfer securities held in Your cash account to Your margin account, provided You have signed the appropriate sections of the Corestone Application for the purpose of effecting the intent of this Agreement.

Margin Accounts. Purchases of securities on credit, commonly known as margin purchases, enable You you to increase the buying power of Your your equity and thus increase the potential for profit or loss. A portion of the purchase price is deposited when buying securities on margin and Pershing extends credit for the remainder. This loan appears as a Debit Balance debit balance on Your monthly your statement of Accountaccount. Pershing charges interest on the Debit Balance debit balance and requires You you to maintain securities, cash or other property to secure repayment of funds advanced and interest due. Interest will be charged for any credit extended to You you for the purpose of buying, trading or carrying any securities, for any cash withdrawals made against the collateral of securities, or for any other extension of credit. When funds are paid in advance of settlement on the sale of securities, interest will be charged on such amount from date of payment until settlement date. In the event that any other charge is made to the Account account for any reason, interest may be charged on the resulting Debit Balances. You authorize Pershing to transfer securities held in Your cash account to Your margin account, provided You have signed the appropriate sections of the Corestone Application for the purpose of effecting the intent of this Agreementdebit balances.

Margin Accounts. Purchases of securities on credit, commonly known as margin purchases, enable You to increase the buying power of Your equity and thus increase the potential for profit or loss. A portion of the purchase price is deposited when buying securities on margin and Pershing extends credit for the remainder. This loan appears as a Debit Balance on Your monthly statement of Account. Pershing charges interest on the Debit Balance and requires You to maintain securities, cash or other property to secure repayment of funds advanced and interest due. Interest will be charged for any credit extended to You for the purpose of buying, trading or carrying any securities, for any cash withdrawals made against the collateral of securities, or for any other extension of credit. When funds are paid in advance of settlement on the sale of securities, interest will be charged on such amount from date of payment until settlement date. In the event that any other charge is made to the Account for any reason, interest may be charged on the resulting Debit Balances. You authorize Pershing to transfer securities held in Your cash account to Your margin account, provided You have signed the appropriate sections of the Corestone Application for the purpose of effecting etfecting the intent of this Agreement.

Margin Accounts. Purchases of securities on credit, commonly known as margin purchases, enable You you to increase the buying power of Your your equity and thus increase the potential for profit or loss. A portion of the purchase price is deposited when buying securities on margin and Pershing extends credit for the remainder. This loan appears as a Debit Balance debit balance on Your monthly your statement of Accountaccount. Pershing charges interest on the Debit Balance debit balance and requires You you to maintain securities, cash or other property to secure repayment of funds advanced and interest due. Interest will be charged for any credit extended to You you for the purpose of buying, trading or carrying any securities, for any cash withdrawals made against the collateral of securities, or for any other extension of credit. When funds are paid in advance of settlement on the sale of securities, interest will be charged on such amount from date of payment until settlement date. In the event that any other charge is made to the Account account for any reason, interest may be charged on the resulting Debit Balancesdebit balances. You authorize Margin may be extended upon the submission and acceptance of a Pershing to transfer securities held in Your cash account to Your margin account, provided You have signed the appropriate sections of the Corestone Application for the purpose of effecting the intent of this Agreementagreement.