Margin Transactions. Margin transactions involve the extension of credit by Baird to Client. Upon Client’s request and subject to the terms and conditions stated herein, Baird may agree to lend funds to Client. The assets held in Client’s Margin Account constitute collateral for the loan to Client. Baird may borrow money to lend Client and pledge securities as collateral for such loans and may receive compensation in connection with such loans. In consideration of the foregoing, Client acknowledges and agrees as follows:
Margin Transactions. We may purchase securities for your portfolio with money borrowed from your brokerage account. This allows you to purchase more stock than you would be able to with your available cash, and allows us to purchase stock without selling other holdings. A risk in margin trading is that, in volatile markets, securities prices can fall very quickly. If the value of the securities in your account minus what you owe the broker falls below a certain level, the broker will issue a “margin call”, and you will be required to sell your position in the security purchased on margin or add more cash to the account. In some circumstances, you may lose more money than you originally invested. We may use options as an investment strategy. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an asset (such as a share of stock) at a specific price on or before a certain date. An option, just like a stock or bond, is a security. An option is also a derivative, because it derives its value from an underlying asset. The two types of options are calls and puts: • A call gives us the right to buy an asset at a certain price within a specific period of time. We will buy a call if we have determined that the stock will increase substantially before the option expires. • A put gives us the holder the right to sell an asset at a certain price within a specific period of time. We will buy a put if we have determined that the price of the stock will fall before the option expires. We may use options to speculate on the possibility of a sharp price swing. We may also use options to "hedge" a purchase of the underlying security; in other words, we will use an option purchase to limit the potential upside and downside of a security we have purchased for your portfolio. We use "covered calls", in which we sell an option on a security you own. In this strategy, you receive a fee for making the option available, and the person purchasing the option has the right to buy the security from you at an agreed-upon price. We may use a "spreading strategy", in which we purchase two or more option contracts (for example, a call option that you buy and a call option that you sell) for the same underlying security. This effectively puts you on both sides of the market, but with the ability to vary price, time and other factors. A risk of covered calls is that the option buyer does not have to exercise the option, so that if we want to sell the stock prior to the ...
Margin Transactions. In cases specified in the Agreement, the User is given the opportunity to conclude a Margin Transaction.
Margin Transactions. We will purchase stocks for your portfolio with money borrowed from your brokerage account. This allows you to purchase more stock than you would be able to with your available cash, and allows us to purchase stock without selling other holdings. Option writing. We may use options as an investment strategy. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an asset (such as a share of stock) at a specific price on or before a certain date. An option, just like a stock or bond, is a security. An option is also a derivative, because it derives its value from an underlying asset. The two types of options are calls and puts:
Margin Transactions. 2.1 From the date of execution and delivery of this Agreement, Renaissance may, in its sole discretion, take instructions from the Customer to effect:
(a) a sale (a "Short Sale") of Securities, in respect of which no Securities of the type to be sold or insufficient Securities of such type are held in the Securities Account on the proposed Trade Date, to a third party buyer ("Third Party Buyer"); and/or
(b) a purchase (a "Margin Purchase") of Securities, in respect of which no Cash or insufficient Cash required to settle that Margin Purchase is standing to the credit of the Cash Account on the proposed Trade Date, from a third party seller ("Third Party Seller").
2.2 If Renaissance does not wish (for whatever reason and in its absolute discretion) to accept the instructions in respect of any Short Sale or Margin Purchase, Renaissance may reject such instructions without notice, in which case Renaissance will not be required to give any reasons for such a rejection. If Renaissance wishes to accept such instructions, Renaissance will notify the Customer of its acceptance of such instructions.
2.3 If Renaissance has accepted such instructions, then on the relevant Trade Date, Renaissance will:
(a) in the case of a Short Sale, use its reasonable endeavors to apply the required quantity of the relevant Securities to effect, on behalf of the Customer, such Short Sale and, to the extent there are insufficient Securities of the specified type held in the Securities Account, (A) Renaissance will apply Securities of the specified type that are held in the Securities Account and Securities ("Short Sale Securities") that are not held in the Securities Account in such quantity as required to effect the relevant Short Sale and (B) the Customer will be deemed to have undertaken to deliver to Renaissance Equivalent Securities on a date ("Short Sale Closing Date") which is, as may be agreed between the Customer and Renaissance, either (a) any agreed fixed date or (b) a date as may be designated at any time by (1) Renaissance by giving notice to the Customer on any Business Day of a time for redelivery not less than the standard settlement time for such Equivalent Securities on the Exchange or in the clearing organization through which the Short Sale Securities were originally delivered to the relevant Third Party Buyer or (2) the Customer by redelivering the Equivalent Securities to Renaissance in accordance with Renaissance's instructions, in which case Renaissance shall ...
Margin Transactions. 1) CCS will comply with Regulation T, Section 12 of the Code of Federal Regulations, Part 220, established by the Federal Reserve System and related interpretive rulings, as well as NASD’s rules and related interpretations regarding initial margin and margin maintenance requirements. In addition, CCS will advise BROKER’s customers on an on-going basis of their respective initial and maintenance margin requirements, as well as any changes to such requirements.
2) It is understood that BROKER is responsible to CCS for collection of the margin required by CCS to support each transaction in margin accounts. After the initial margin on a transaction has been received, maintenance margin calls are to be made by CCS. BROKER agrees to be responsible for promptly obtaining margin on maintenance calls. CCS shall have the right to modify the margin requirements of any account or accounts from time to time. CCS is to be the sole judge as to the manner in which accounts are to be maintained for margin purposes. On all transactions, BROKER shall be solely and exclusively responsible to CCS for any loss, liability, damage, cost or expense (including but not limited to attorney’s fees and expenses) incurred or sustained by BROKER or CCS as a result of the failure of any account to make timely payment for the securities purchased by it or timely and good delivery of securities sold for it, or timely compliance by it with margin or margin maintenance calls, whether or not any margin extensions have been granted by CCS pursuant to the request of BROKER.
Margin Transactions. To the extent that the use of margin is permitted in an Advisor Directed Portfolio, Client understands that Client will be charged margin interest on the debit balance in the Account. If use of margin is elected by Client, Client acknowledges that the use of margin is suitable based on the Client's risk tolerance, financial information, and investment profile. Client further acknowledges that Client has received a copy of the Margin Agreement/Disclosure Statement including the Disclosure of Credit Terms on Transactions and the SAA Margin Acknowledgement Form, or substantially similar document.
Margin Transactions. We may purchase securities for your portfolio with money borrowed from your brokerage account. This allows you to purchase more stock than you would be able to with your available cash and allows us to purchase stock without selling other holdings. A risk in margin trading is that, in volatile markets, securities prices can fall very quickly. If the value of the securities in your account minus what you owe the broker falls below a certain level, the broker will issue a “margin call,” and you will be required to sell your position in the security purchased on margin or add more cash to the account. In some circumstances, you may lose more money than you originally invested. We may use options as an investment strategy. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an asset (such as a share of stock) at a specific price on or before a certain date. An option, just like a stock or bond, is a security. An option is also a derivative because it derives its value from an underlying asset. The two types of options are calls and puts:
Margin Transactions. The following provisions shall apply to and govern the Margin Facility, all Margin Transactions and Margin Loan:
Margin Transactions. 3.1 Whenever the Customer gives instruction to the Bank to effect a Margin Transaction, the Customer shall be deemed to have (a) undertaken to pay the Margin Deposit in amount determined by the Bank to be sufficient to maintain the Margin Requirement; (b) authorized the Bank to deduct the required Margin Deposit from the Settlement Account(s) if there is sufficient amount of Available Balance; and (c) applied to the Bank for a Margin Loan on the terms of the Agreement.
3.2 The Bank may act on the Customer's instruction for effecting the Margin Transaction without checking whether the required Margin Deposit has been paid or that there is sufficient amount of Available Balance to cover the same. If in response to the Customer's instruction the Bank has placed order with or entered into transaction with third parties and it was found that the required Margin Deposit had not been paid or that the Available Balance was not sufficient to cover the same, the Bank may (but will not be under any duty to), in its discretion without notice to the Customer, place other orders or enter into other transactions to set off the order so placed or transaction so entered into. Any loss, deficit or shortfall arising therefrom or as a result thereof shall be borne entirely by the Customer and the Bank may debit the same to the Settlement Account(s). However, if there is any gain arising therefrom or as a result thereof, such gain shall belong absolutely to and be retained by the Bank for its own use and benefit.
