Common use of Interest on Cash Balances Clause in Contracts

Interest on Cash Balances. All balances in the Cash and Margin account types will be net together. If the netting results in a settled debit, debit interest will be charged. If the netting results in a settled credit, credit interest will be paid. Interest will be paid on those net credit balances that accrue $1.00 or greater of interest during the month. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage” for a discussion of your account protection. Please consult your Financial Professional for additional information.

Appears in 14 contracts

Samples: Customer Agreement and Information Brochure, Customer Information Brochure, Customer Agreement and Information Brochure

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Interest on Cash Balances. All balances in the Cash and Margin account types will be net together. If the netting results in a settled debit, debit interest will be charged. If the netting results in a settled credit, credit interest will be paid. Interest will be paid on those net credit balances that accrue $1.00 or greater of interest during the month. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage” for a discussion of your account protection. Please consult your Financial Professional for additional more information.

Appears in 7 contracts

Samples: Customer Agreement and Information Brochure, Customer Agreement and Information Brochure, Customer Agreement and Information Brochure

Interest on Cash Balances. All balances in the Cash and Margin account types will be net together. If the netting results in a settled debit, debit interest inte rest will be charged. If the netting results in a settled credit, credit interest will be paid. Interest will be paid on those net credit balances that accrue $1.00 or greater of interest during the month. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage” for a discussion of your account protection. Please consult your Financial Professional for additional information.

Appears in 2 contracts

Samples: Customer Information Brochure, Customer Information Brochure

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Interest on Cash Balances. All balances in the Cash and Margin account types will be net together. If the netting results in a settled debit, debit interest inte rest will be charged. If the netting results in a settled credit, credit interest will be paid. Interest will be paid on those net credit balances that accrue $1.00 or greater of interest during the month. . Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC CoverageCoverage ” for a discussion of your account protection. Please consult your Financial Professional for additional information.

Appears in 1 contract

Samples: Customer Information Brochure

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