INTEREST ON DEBIT BALANCES Clause Samples
The "Interest on Debit Balances" clause establishes that interest will be charged on any outstanding negative balances owed by one party to another. Typically, this means that if a party fails to pay amounts due under the agreement, the unpaid sum will accrue interest at a specified rate until it is settled. This clause serves to incentivize timely payments and compensates the owed party for the time value of money, thereby discouraging late payments and helping to ensure financial discipline between the parties.
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INTEREST ON DEBIT BALANCES. Cash accounts may be subject, at LPL's discretion, to interest on any debit balances resulting from failure to make payment in full for securities purchased, failure to timely deliver securities sold, proceeds of sales paid prior to settlement date, or for other charges which may be made to the Account.
INTEREST ON DEBIT BALANCES. Debit balances of the accounts of the undersigned will be charged with interest, in accordance with your usual custom, and with any increases in rates caused by money market conditions, and with such other charges as you may make to cover your facilities and extra services. The interest rate shall be the interest rate designated by you from time to time as being your interest rate for determining interest on debit balances in accounts with you, and the undersigned waives notice of changes to such rates.
INTEREST ON DEBIT BALANCES. Without prejudice to Clause 17 (if applicable), you agree to pay interest on the Debit Balances in your Accounts, before and after any judgment, at such rate as SoFi HK may in its discretion reasonably determine and notify to you from time to time (whether in writing, verbally or through the Internet). Such interest will accrue on a daily basis and be payable on the last Business Day of each calendar month or upon demand by SoFi HK. Overdue interest shall be compounded monthly and will itself bear interest. For the avoidance of doubt, a variation of the interest rate or any fees or charges pursuant to the provisions of this Agreement shall not constitute an amendment of this Agreement for the purpose of Clause 34 or otherwise.
INTEREST ON DEBIT BALANCES. Debit balances are not permitted in your limited margin account. No other interest will be charged.
INTEREST ON DEBIT BALANCES. Debit balances in any of your Accounts may be charged interest by Pershing in accordance with CFS and Pershing’s established custom, as disclosed to you pursuant to the provisions of Rule 10b-16 promulgated under the Securities Exchange Act of 1934, as amended. 17.
INTEREST ON DEBIT BALANCES. You agree to be charged interest on your debit balance according to the U.S. Bancorp Investments Disclosure of Credit Terms and Policies.
INTEREST ON DEBIT BALANCES. We will charge and compound interest on your debit balances (whether in a Margin or Cash Account) according to our Disclosure of Credit Terms and Policies.
INTEREST ON DEBIT BALANCES. Interest shall be charged and compounded on the Account’s debit balance according to the Clearing Agent’s Statement.