Specified Percentages Sample Clauses

Specified Percentages. The following table shows the Specified Percentages based on various ranges of debit balances and Household Account values. The applicable interest rate charged on Client’s outstanding debit balance in each of Client’s Margin Accounts is calculated by adding the Specified Percentage to the Base Rate (please note that when the Specified Percentage is negative, the applicable interest rate will be less than the Base Rate). HIGHEST DEBIT BALANCE HOUSEHOLD ACCOUNT VALUE (AFTER NETTING AGGREGATE DEBIT BALANCES) $0 TO $249,999 $250,000 TO $999,999 $1,000,000 TO $1,999,999 $2,000,000 AND ABOVE $0 TO $19,999 2.750% 2.125% 1.375% 0.750% $20,000 TO $49,999 2.250% 1.625% 1.000% 0.625% $50,000 TO $99,999 1.625% 1.125% 0.625% 0.250% As an example, if Client has four Baird Household Accounts with values of $800,000, $500,000, $100,000 and $25,000 (for a total of $1,425,000), and two of those accounts are Margin Accounts with outstanding debit balances of $400,000 and $150,000 (for a total of $550,000), the net Household Account Value after subtracting the aggregate outstanding debit balances is $875,000, and the highest debit balance is $400,000. Thus, applying the table above, the Specified Percentage for the two Margin Accounts would be 0.375%.
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Related to Specified Percentages

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