Interest Statements. Within your regular monthly statement, an interest charge will show for the interest period. Your monthly statement will show each transaction on the date of trade; however, interest as shown on the interest statement is calculated on a settlement date basis. In order to check the calculation of interest charged to your Account, it may be necessary to refer to both your prior and current months' statements. The monthly interest statement will show: (1) the current selected rate used in the calculation and any changes in such rate during the interest period; (2) the daily net balance of all transactions; (3) any free credit balance in your cash account (which reduces the daily net debit balance); (4) any mark-to- the market as a result of a short position; (5) the number of days your Account had a debit balance; (6) the daily adjusted debit balance on which interest is charged; (7) the amount of interest; and (8) the total interest charge for the period.
Interest Statements. SoFi Bank is required by law to annually report to you and to the Internal Revenue Service on Form 1099 any taxable interest, dividends and capital gains credited to your Account, as well as any taxes withheld. The year‐to‐date interest earned figures shown on your monthly Account Statements reflect these amounts classified to the best of our current knowledge. Where SoFi Bank is advised prior to the end of the calendar year that certain interest payments or other items initially characterized as interest payments should be reclassified, the corrected items will be reflected on a subsequent monthly Account Statement.
Interest Statements. Within your regular monthly statement, an interest charge will show for the interest period. Your monthly statement will show each transaction on the date of trade; however, interest as shown on the interest statement is calculated on a settlement date basis. In order to check the calculation of interest charged to your Account, it may be necessary to refer to both your prior and current months' statements. The monthly interest statement will show:
Interest Statements. SoFi Securities is required by law to annually report to you and to the Internal Revenue Service on Form 1099 any taxable interest, dividends and capital gains credited to your Account, as well as any taxes withheld. The year‐to‐date interest earned figures shown on your monthly Account Statements reflect these amounts classified to the best of our current knowledge. Where SoFi Securities is advised prior to the end of the calendar year that certain interest payments or other items initially characterized as interest payments should be reclassified, the corrected items will be reflected on a subsequent monthly Account Statement.
Interest Statements. A statement of interest related to each Interest Period shall be dispatched by the Facility Agent promptly to the Borrower no later than 10 (ten) Business Days prior to the last day of that Interest Period.
Interest Statements. Within your regular monthly statement, an interest charge will show for the interest period. Your monthly statement will show each transaction on the date of trade; however, interest as shown on the interest statement is calculated on a settlement date basis. In order to check the calculation of interest charged to your Account, it may be necessary to refer to both your prior and current months’ statements. The monthly interest statement will show: (i) the current selected rate used in the calculation and any changes in such rate during the interest period; (ii) the daily net balance of all transactions; (iii) any free credit balance in your cash account (which reduces the daily adjusted debit balance); (iv) any mxxx-to-the-marketas a result of a short position; (v) the number of days your Account had a debit balance; (vi) the daily adjusted debit balance on which interest is charged; (vii) the amount of interest; and (viii) the total interest charge for the period.
Interest Statements. Bank shall provide written statements to Borrower with respect to interest due and payable hereunder to the extent that Borrower is not then utilizing Bank’s “Xxxxxx Netlink” system (or any other electronic transmission system approved by Bank); provided, that any failure by Bank to provide (or timely provide) any such interest statement shall not affect Borrower’s obligation hereunder to pay such interest as and when due.
