Interest on Margin. You shall pay interest on credit extended by Axos Clearing under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule determined by your Broker. Your Broker’s initial interest rate schedule is attached to this Margin Agreement and will remain in effect unless modified under the circumstances described below. As noted in this rate schedule, the interest rates selected by your Broker will be added to the Axos Clearing Base Rate (“ACBR”) to determine your margin interest rate.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule determined by your Broker. Your Broker’s initial interest rate schedule is attached to this Margin Agreement and will remain in effect unless modified under the circumstances described below. As noted in this rate schedule, the interest rates selected by your Broker will be added to the COR Clearing Base Rate (“CCBR”) to determine your margin interest rate.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Broker. This interest schedule will be added to the COR Clearing Base Rate (“CCBR”) to determine your interest rate. The CCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed. The Interest Rate will vary from time to time without prior notice, in accordance with shifts in money rates, industry conditions relating to the extension of margin credit and the general credit markets.
Interest on Margin. The Customer acknowledges and agrees that DBS Xxxxxxx may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures, foreign exchange trading or OTC transactions provided always that DBS Xxxxxxx may always retain the difference between such interest and the actual interest earned by DBS Xxxxxxx on such Margin. DBS Xxxxxxx shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS Xxxxxxx’ own account.
Interest on Margin. You shall pay interest on credit extended by Axos Clearing under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the Axos Clearing Base Rate (“ACBR”).
Interest on Margin. Without prejudice to Clause A6, the Customer acknowledges and agrees that DBS may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures or OTC transactions provided always that DBS may always retain the difference between such interest and the actual interest earned by DBS on such Margin. DBS shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS’ own account.
Interest on Margin. You will pay interest on credit extended by RQD under this Margin Supplement Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your daily net settled debit balance and calculated using the interest rate schedule determined by your Introducing Broker. Your Introducing Broker’s initial interest rate schedule is included in this Margin Supplement Agreement and will remain in effect unless modified under the circumstances described below. You will be provided by your Introducing Broker with thirty (30) calendar days’ written notice of any changes your Introducing Broker elects to makes to its rate schedule. The rate of interest charged for the credit extended to you will be calculated on a 360-day year and actual days elapsed using the rate schedule determined by your Introducing Broker and included in this Margin Agreement. You may contact your Introducing Broker or RQD’s Customer Service Department at xxxxxxx@xxxxxxxxxxx.xxx if you have any questions about the margin rates applicable to your Margin Account balances. RQD is furnishing this statement to you to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading stocks in a margin account, you should carefully review this Agreement. Further, RQD encourages you to consult your Introducing Broker with any questions or concerns you may have regarding margin accounts, and in particular, your margin account(s). When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from RQD. If you choose to borrow funds from RQD, you will open a margin account with RQD. The securities purchased are RQD’s collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, RQD can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with RQD in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following: You can lose more funds than you deposit in the margin account. A decline in the value of securities that are purchased on margin may require you to provide additional funds to RQD to avoid the forced sale of those securities or other securities or ass...
Interest on Margin. Assuming no event of default has occurred as set forth in Section 4.1 with respect to the Pledgor, and to the extent a Delivery Amount would not be created or increased as a result of such payment, the Secured Party will transfer to the Pledgor, by no later than the tenth (10th) day of each month, the interest amount, calculated at LIBOR, attributable to any cash Margin posted by the Pledgor during the time such Margin is held by the Secured Party during the previous month, as calculated by the Valuation Agent. Any such interest amount or portion thereof which is not transferred to the Pledgor pursuant to this Section 3.6 will constitute Posted Margin and will be subject to the security interest granted under Section 3.4 of this Master Agreement.
Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Broker. This interest schedule will be added to the COR Clearing Base Rate (“CCBR”) to determine your interest rate. The CCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re-hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances.
Interest on Margin. Interest incurs on Clients’ overnight debit or credit balance, and is charged or credited to equities and Options Accounts midmonth. The following rates apply on overnight balances. Please note that these rates are subject to change without notice. For more information, please contact a Questrade Client services specialist at 416.227.9876 or toll-free at 1.888.783.7866. CAD EFFECTIVE DATE USD EFFECTIVE DATE Current prime rate 2.70% July 16, 2015 3.25% December 17, 2008 Under $100,000 debit balance CAD prime +3.50% N/A USD prime +3.50% N/A Over $100,000 debit balance CAD prime +2.50% N/A USD prime +2.50% N/A Under $250,000 CAD prime -4.5%1 CAD prime -4.5%1 USD prime -5.25%1 USD prime -6%1 $250,000 + CAD prime -4%1 CAD prime -4.5%1 USD prime -4.75%1 USD prime -6%1 Note: clients will be charged interest if the accrued amount owing is $1.00 or more for the month. Margin accounts will earn interest if the accrued amount owing is $10.00 or more for the month. Registered accounts will earn interest if the accrued amount owing is $0.01 or more for the month. Balances are calculated using the average daily debit/credit balance for the interest period.
1 The minimum rate for credit is 0.00%. Questrade will never charge interest for carrying a balance.
