Common use of General Margin Policies Clause in Contracts

General Margin Policies. The amount of credit that may be extended by LPL and the terms of such extension are governed by rules of the Federal Reserve Board and the Financial Industry Regulatory Authority. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, LPL establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, LPL may require the deposit of additional collateral. Margin account equity is the current market value of securities and cash deposited as security less the amount owed LPL for credit extended at its discretion. It is LPL's general policy to require margin account holders to maintain equity in its margin accounts of the greater of 30% of the current market value or $3.00 per share for common stock purchased on margin. LPL applies other standards for other types of securities. For example, securities may be ineligible for margin credit from time to time. For information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds, mutual funds, and other securities, as well as information about the eligibility of particular securities for margin credit, please contact your Advisor. Notwithstanding the above general policies, LPL reserves the right, at its discretion, to require the deposit of additional collateral and to set required margin at a higher or lower amount with respect to particular accounts or classes of accounts as it deems necessary. In making these determinations, LPL may take into account various factors including the size of the account, liquidity of a position, unusual concentrations of securities in an account, or a decline in credit worthiness. If you fail to meet a margin call in a timely manner, some or all of your positions may be liquidated.

General Margin Policies. The amount of credit that may be extended by LPL Pershing and the terms of such extension are governed by rules of the Federal Reserve Board and the Financial Industry Regulatory AuthorityNew York Stock Exchange. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, LPL Pershing establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, LPL Pershing may require the deposit of additional collateral. Margin account equity is the current market value of securities and cash deposited as security less the amount owed LPL Pershing for credit extended at its discretion. It is LPL's our general policy to require margin account holders to maintain equity in its their margin accounts of the greater of 30% of the current market value or $3.00 per share for common stock purchased on margin. LPL Pershing applies other standards for other types of securities. For example, securities may be ineligible for margin credit from time to time. For information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds, mutual funds, and other securities, as well as information about the eligibility of particular securities for margin credit, please contact your AdvisorIntroducing Financial Organization. Notwithstanding the above general policies, LPL Pershing reserves the right, at its discretion, to require the deposit of additional collateral and to set required margin at a higher or lower amount with respect to particular accounts or classes of accounts as it deems necessary. In making these determinations, LPL Pershing may take into account various factors including the size of the account, liquidity of a position, unusual concentrations of securities in an account, or a decline in credit worthiness. If you fail to meet a margin call in a timely manner, some or all of your positions may be liquidated.

General Margin Policies. The amount of credit that may be extended by LPL Xxxxxxxx and the terms of such extension are governed by rules of the Federal Reserve Board and the Financial Industry Regulatory Authority. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, LPL Xxxxxxxx establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, LPL Pershing may require the deposit of additional collateral. Margin account equity is the current market value of securities and cash deposited as security less the amount owed LPL Pershing for credit extended at its discretion. It is LPL's Xxxxxxxx’x general policy to require margin account holders to maintain equity in its margin accounts of the greater of 3035% of the current market value or $3.00 5.00 per share for common stock purchased on margin. LPL Pershing applies other standards for other types of securities. For example, securities may be ineligible for margin credit from time to time. For information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds, mutual funds, and other securities, as well as information about the eligibility of particular securities for margin credit, please contact your Advisorrepresentative. Notwithstanding the above general policies, LPL Pershing reserves the right, at its discretion, to require the deposit of additional collateral and to set required margin at a higher or lower amount with respect to particular accounts or classes of accounts as it deems necessary. In making these determinations, LPL Xxxxxxxx may take into account various factors including the size of the account, liquidity of a position, unusual concentrations of securities in an account, or a decline in of credit worthiness. If you fail to meet a margin call in a timely manner, some or all of your positions may be liquidated.

General Margin Policies. The amount of credit that may be extended by LPL Pershing and the terms of such extension are governed by rules of the Federal Reserve Board and the Financial Industry Regulatory Authority. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, LPL Pershing establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, LPL Pershing may require the deposit of additional collateral. Margin account equity is the current market value of securities and cash deposited as security less the amount owed LPL Pershing for credit extended at its discretion. It is LPL's Pershing’s general policy to require margin account holders to maintain equity in its margin accounts of the greater of 3035% of the current market value or $3.00 5.00 per share for common stock purchased on margin. LPL Pershing applies other standards for other types of securities. For example, securities may be ineligible for margin credit from time to time. For information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds, mutual funds, and other securities, as well as information about the eligibility of particular securities for margin credit, please contact your Advisorrepresentative. Notwithstanding the above general policies, LPL Pershing reserves the right, at its discretion, to require the deposit of additional collateral and to set required margin at a higher or lower amount with respect to particular accounts or classes of accounts as it deems necessary. In making these determinations, LPL Pershing may take into account various factors including the size of the account, liquidity of a position, unusual concentrations of securities in an account, or a decline in of credit worthiness. If you fail to meet a margin call in a timely manner, some or all of your positions may be liquidated.