Common use of INITIAL MARGIN REQUIREMENTS Clause in Contracts

INITIAL MARGIN REQUIREMENTS. BB&T Securities will not extend credit unless the equity in Your margin account is at least $2,000, or such greater amount as may be required by applicable rules or regulations or by BB&T Securities. The maximum amount which BB&T Securities will loan for equity securities is 50% of the value of marginable securities purchased in Your margin account; different requirements apply to non-equity securities, such as bonds or options. If the market value of stock held as collateral increases after You have met the initial margin requirements, available credit may increase proportionately. Accordingly, if the market value of the stock held as collateral decreases, available credit may be proportionately decreased. Initial margin requirements may change without prior notice. BB&T Securities reserves the right to impose more stringent requirements on positions that involve higher levels of risk. If the market value of a security drops below $2 per share, the security will not be assigned any value as collateral to secure Your margin obligations.

INITIAL MARGIN REQUIREMENTS. BB&T Securities will not extend credit unless the equity in Your margin account is at least $2,000, or such greater amount as may be required by applicable rules or regulations or by BB&T Securities. The maximum amount which BB&T Securities will loan for equity securities is 50% of the value of marginable securities purchased in Your margin account; different requirements apply to non-equity securities, such as bonds or options. If the market value of stock held as collateral increases after You have met the initial margin requirements, available credit may increase proportionately. Accordingly, if the market value of the stock held as collateral decreases, available credit may be proportionately decreased. Initial margin requirements may change without prior notice. BB&T Securities reserves the right to impose more stringent requirements on positions that involve higher levels of risk. If the market value of a security drops below $2 per share, the security will not be assigned any value as collateral to secure Your secureYour margin obligations.

INITIAL MARGIN REQUIREMENTS. BB&T Securities will not extend credit unless the equity in Your margin account is at least $2,000, or such greater amount as may be required by applicable rules or regulations or by BB&T Securities. The maximum amount which BB&T Securities will loan for equity securities is 50% of the value of marginable securities purchased in Your margin account; different requirements apply to non-equity securities, such as bonds or options. If the market value of stock held as collateral increases after You have met the initial margin requirements, available credit may increase proportionately. Accordingly, if the market value of the stock held as collateral decreases, available credit may will be proportionately decreased. Initial margin requirements may change without prior notice. BB&T Securities reserves the right to impose more stringent requirements on positions that involve higher levels of risk. If the market value of a security drops below $2 per share, the security will not be assigned any value as collateral to secure Your margin obligations.