Common use of General Margin Policies Clause in Contracts

General Margin Policies. The amount of credit which may be extended by Xxxxxxxx and the terms of such extension are governed by rules of the Federal Reserve Board, FINRA and the New York Stock Exchange. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, Xxxxxxxx establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, Pershing may require the deposit of additional collateral. It is our general policy to require margin account-holders to maintain equity in their margin accounts of the greater of 30% of the current market value or $3 per share for common stock purchased on margin, Margin account equity is the current market value of securities and cash deposited as security less the amount owed Pershing for credit extended at its discretion. Pershing applies other standards for other types of securities. For example, securities valued at $5 per share or less may not be purchased in a margin account. Also, certain securities may be ineligible for margin credit from time to time. For specific information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds and other securities, as well as information about the eligibility of particular securities for margin credit, please contact Royal Alliance. Notwithstanding the above general policies, 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, 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 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 which may be extended by Xxxxxxxx and the terms of such extension are governed by rules of the Federal Reserve Board, FINRA and the New York Stock Exchange. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, Xxxxxxxx establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, Pershing may require the deposit of additional collateral. It is our general policy to require margin account-holders account‐holders to maintain equity in their margin accounts of the greater of 30% of the current market value or $3 per share for common stock purchased on margin, Margin account equity is the current market value of securities and cash deposited as security less the amount owed Pershing for credit extended at its discretion. Pershing applies other standards for other types of securities. For example, securities valued at $5 per share or less may not be purchased in a margin account. Also, certain securities may be ineligible for margin credit from time to time. For specific information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds and other securities, as well as information about the eligibility of particular securities for margin credit, please contact Royal AllianceWoodbury. Notwithstanding the above general policies, 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, 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 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 which may be extended by Xxxxxxxx Pershing and the terms of such extension are governed by rules of the Federal Reserve Board, FINRA and the New York Stock Exchange. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, Xxxxxxxx Pershing establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, Pershing may require the deposit of additional collateral. It is our general policy to require margin account-holders to maintain equity in their margin accounts of the greater of 30% of the current market value or $3 per share for common stock purchased on margin, Margin account equity is the current market value of securities and cash deposited as security less the amount owed Pershing for credit extended at its discretion. Pershing applies other standards for other types of securities. For example, securities valued at $5 per share or less may not be purchased in a margin account. Also, certain securities may be ineligible for margin credit from time to time. For specific information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds and other securities, as well as information about the eligibility of particular securities for margin credit, please contact Royal AllianceWoodbury Financial. Notwithstanding the above general policies, 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, Xxxxxxxx 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 which may be extended by Xxxxxxxx Pershing and the terms of such extension are governed by rules of the Federal Reserve Board, FINRA and the New York Stock Exchange. Within the guidelines of these rules and subject to adjustment required by changes in such rules and our business judgment, Xxxxxxxx Pershing establishes certain policies with respect to margin accounts. If the market value of securities in a margin account declines, Pershing may require the deposit of additional collateral. It is our general policy to require margin account-holders to maintain equity in their margin accounts of the greater of 30% of the current market value or $3 per share for common stock purchased on margin, Margin account equity is the current market value of securities and cash deposited as security less the amount owed Pershing for credit extended at its discretion. Pershing applies other standards for other types of securities. For example, securities valued at $5 per share or less may not be purchased in a margin account. Also, certain securities may be ineligible for margin credit from time to time. For specific information with respect to general margin maintenance policy as to municipal bonds, corporate bonds, listed United States Treasury notes and bonds and other securities, as well as information about the eligibility of particular securities for margin credit, please contact Royal Alliance. Notwithstanding the above general policies, 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, Xxxxxxxx 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.