Common use of Interest on Margin Clause in Contracts

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.

Appears in 5 contracts

Samples: Margin Agreement, Margin Agreement, Margin Agreement

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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 Investment Firm. This interest schedule will be added to the COR Clearing Base Rate (“CCBRLCBR”) to determine your margin interest rate.. The LCBR will change without notice to you as changes

Appears in 1 contract

Samples: Margin Account Agreement

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