Common use of PLEDGE OF SECURITIES AND OTHER PROPERTY Clause in Contracts

PLEDGE OF SECURITIES AND OTHER PROPERTY. All securities and other property now or hereafter held, carried or maintained by Apex in or for any account in which you have an interest may be pledged, re- pledged, hypothecated or rehypothecated by Apex from time to time without notice, either separately or in common with other securities and property for any amount due in your accounts or for any greater amount and Apex may do so without retaining in their possession or under their control for delivery a like amount of similar securities or other property. You also authorize Apex to lend to themselves or others any securities or other property held by Apex on margin from your account or any accounts under your control. 證券和其他資產的抵押：現在或以後持有在您的賬戶中的證券和其他財產或在任何您擁有權益的賬戶，將由 Apex 持有或維持。並可能在沒有通知的情況下，由 Apex 質押，重新抵押，質押或重新擔保，無論是與其他證券和財產分開還是與其他賬戶中的任何金額相同，以獲取您賬戶中到期的任何金額或更高金額。Apex 可以在不保留其控制權或在其控制下交付類似數量的類似證券或其他財產。您同時授權 Apex 向 Apex 或他人借出您賬戶中任何證券或其他資產。 INTEREST CHARGES ON DEBIT BALANCES: Your account will be charged interest monthly on the average daily net debit balance in all of your accounts, in accordance with Apex's margin rules, at the prevailing rate as determined by Apex. The interest charged will appear on your monthly statement and will indicate the rate and the period covered. The rate may change from time to time without prior notice, due to fluctuations in interest rates or other causes. Interest charges are based on a 360-day interest year. Interest is computed from the 16th day of the preceding month to the 15th day of the current month, except in January and December. In January, interest is computed from the 1st day of the month to the 15th. In December, interest is computed from the l6th day of the month to the 31st. In calculating margin interest, free credit balances in all accounts will be offset against any debit in the margin account and interest will be charged on the net debit balance, if any. The rate of interest charged can be found at xxxxx://xxx.xxxxxxxxx.xxx/content/en-us/pricing/marginrate. 貸款利息：根據APEX 融資規則，及公佈的現行利率，我們將按照每日平均凈貸款收取月度利息。利息收取及其利率與週期將被列明於賬戶報表中。利率可能隨時間因總體利率波動或其他因素而變化。利息收費基於 360 日利息年度。除一月和十二月外，利息計算週期從上月 16 日至本月 15 日計算。一月利息計算週期從當月 1 日至當月 15 日計算。十二月利息計算週期從當月 16 日至當 月 31 日計算。如適用，在融資利息計算中，賬戶中的現金餘額可抵消融資貸款，利息將按照凈貸款計算。收費利率，請查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-tw/pricing/marginrate. SHORT SALES: You agree that any ''short'' sale shall be designated as such to us at the time you place such an order and you hereby authorize us to mark such order ''short.'' You acknowledge that a short sale is the sale of a security you do not own and that to facilitate a short sale Apex must borrow stock to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Apex will attempt to re-borrow the securities, but Apex may be forced to cover your short position on the open market at the then current market price. You will be liable for any debit balance remaining after a short position has been closed out. If any securities that you borrow are deem as “hard to borrow”, additional fee will be charged. 賣空：您同意在下單時向我們表明賣空，並授權我們將此訂單標記為“short（做空）”。您了解賣空時出售的不是您正持有的證券，而APEX 必須借入股票從而轉交買方。如果股票被借出方召回， APEX 會嘗試重新借入股票，但 Apex 可能會被迫以當時的市場價格在公開市場上補回您的賣空證券。您需要負責賣空證券平倉回補後的所有欠款餘額。您借入任何被標記為“難以借入”的證券都將被收取額外的費用。 You agree to meet the appropriate margin requirements for your short account as required by Apex and/or applicable exchange or federal regulations. The credit balance generated by short sales in your account is not a free credit balance. If the market value of your short account is greater than the short account credit balance, interest will be charged on the appreciation in value of the short positions. If the market value of your short account is less than the short account credit balance, interest on any debit in the account will be reduced in relation to the decline in value. Each Friday's closing price is used to determine the increase or decrease in the short account and your account is thus marked to the market daily. AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 您同意根據APEX 和（或）相關交易所或聯邦法規要求，為您的賣空賬戶維持適當的融資要求。賬戶中因賣空產生的金額不算入可用金額。如果您賣空證券的市場價值大於賬戶中現金餘額，我們會根據賣空證券的價值增長部分收取利息。如果您賣空證券的市場價值少於賬戶現金餘額，賬戶利息將根據相關價值下跌部分調整。我們將按照每週五的收盤價判斷賣空證券的漲跌，並且您的賬戶每天都會被標記在市場上。 AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 合約審核：此賬戶和（或）融資合約於第一證券和（或）APEX 審核通過後生效。第一證券和（或） APEX 保留拒絕接受您申請的權利。

PLEDGE OF SECURITIES AND OTHER PROPERTY. All securities and other property now or hereafter held, carried or maintained by Apex in or for any account in which you have an interest may be pledged, re- re-pledged, hypothecated or rehypothecated by Apex from time to time without notice, either separately or in common with other securities and property for any amount due in your accounts or for any greater amount and Apex may do so without retaining in their possession or under their control for delivery a like amount of similar securities or other property. You also authorize Apex to lend to themselves or others any securities or other property held by Apex on margin from your account or any accounts under your control. 證券和其他資產的抵押：現在或以後持有在您的賬戶中的證券和其他財產或在任何您擁有權益的賬戶，將由 Apex 持有或維持。並可能在沒有通知的情況下，由 Apex 質押，重新抵押，質押或重新擔保，無論是與其他證券和財產分開還是與其他賬戶中的任何金額相同，以獲取您賬戶中到期的任何金額或更高金額。Apex 質押，重新抵押，質押或重新擔保，無論是與其他證券和財產分開還是與其他賬戶中的任何金額相同，以獲取您賬戶中到期的任何金額或更高金額。 Apex 可以在不保留其控制權或在其控制下交付類似數量的類似證券或其他財產。您同時授權 Apex 向 Apex 或他人借出您賬戶中任何證券或其他資產。 INTEREST CHARGES ON DEBIT BALANCES: Your account will be charged interest monthly on the average daily net debit balance in all of your accounts, in accordance with Apex's margin rules, at the prevailing rate as determined by Apex. The interest charged will appear on your monthly statement and will indicate the rate and the period covered. The rate may change from time to time without prior notice, due to fluctuations in interest rates or other causes. Interest charges are based on a 360-day interest year. Interest is computed from the 16th day of the preceding month to the 15th day of the current month, except in January and December. In January, interest is computed from the 1st day of the month to the 15th. In December, interest is computed from the l6th day of the month to the 31st. In calculating margin interest, free credit balances in all accounts will be offset against any debit in the margin account and interest will be charged on the net debit balance, if any. The rate of interest charged can be found at xxxxx://xxx.xxxxxxxxx.xxx/content/en-us/pricing/marginrate. 貸款利息：根據APEX 貸款利息：根據 APEX 融資規則，及公佈的現行利率，我們將按照每日平均凈貸款收取月度利息。利息收取及其利率與週期將被列明於賬戶報表中。利率可能隨時間因總體利率波動或其他因素而變化。利息收費基於 360 日利息年度。除一月和十二月外，利息計算週期從上月 16 日至本月 15 日計算。一月利息計算週期從當月 日計算。一月利息計算週期 從當月 1 日至當月 15 日計算。十二月利息計算週期從當月 16 日至當 月 日至當月 31 日計算。如適用，在融資利息計算中，賬戶中的現金餘額可抵消融資貸款，利息將按照凈貸款計算。收費利率，請查看 日計算。如適用，在融資利息計 算中， 賬戶中的現金餘額可抵消融資貸款， 利息將按照凈貸款計算。 收費利率， 請查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-tw/pricing/marginrate. SHORT SALES: You agree that any ''short'' sale shall be designated as such to us at the time you place such an order and you hereby authorize us to mark xxxx such order ''short.'' You acknowledge that a short sale is the sale of a security you do not own and that to facilitate a short sale Apex must borrow stock to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Apex will attempt to re-borrow the securities, but Apex may be forced to cover your short position on the open market at the then current market price. You will be liable for any debit balance remaining after a short position has been closed out. If any securities that you borrow are deem as “hard to borrow”, additional fee will be charged. 賣空：您同意在下單時向我們表明賣空，並授權我們將此訂單標記為“short（做空）”。您了解賣空時出售的不是您正持有的證券，而APEX 必須借入股票從而轉交買方。如果股票被借出方召回， APEX 必須借入股票從而轉交買方。如果股票被借出方召回，APEX 會嘗試重新借入股票，但 Apex 可能會被迫以當時的市場價格在公開市場上補回您的賣空證券。您需要負責賣空證券平倉回補後的所有欠款餘額。您借入任何被標記為“難以借入”的證券都將被收取額外的費用。 You agree to meet the appropriate margin requirements for your short account as required by Apex and/or applicable exchange or federal regulations. The credit balance generated by short sales in your account is not a free credit balance. If the market value of your short account is greater than the short account credit balance, interest will be charged on the appreciation in value of the short positions. If the market value of your short account is less than the short account credit balance, interest on any debit in the account will be reduced in relation to the decline in value. Each Friday's closing price is used to determine the increase or decrease in the short account and your account is thus marked to the market daily. AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 您同意根據APEX 您同意根據 APEX 和（或）相關交易所或聯邦法規要求，為您的賣空賬戶維持適當的融資要求。賬戶中因賣空產生的金額不算入可用金額。如果您賣空證券的市場價值大於賬戶中現金餘額，我們會根據賣空證券的價值增長部分收取利息。如果您賣空證券的市場價值少於賬戶現金餘額，賬戶利息將根據相關價值下跌部分調整。我們將按照每週五的收盤價判斷賣空證券的漲跌，並且您的賬戶每天都會被標記在市場上。 AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 合約審核：此賬戶和（或）融資合約於第一證券和（或）APEX 審核通過後生效。第一證券和（或） APEX 審核通過後生效。第一證券和（或）APEX 保留拒絕接受您申請的權利。

PLEDGE OF SECURITIES AND OTHER PROPERTY. All securities and other property now or hereafter held, carried or maintained by Apex in or for any account in which you have an interest may be pledged, re- re-pledged, hypothecated or rehypothecated by Apex from time to time without notice, either separately or in common with other securities and property for any amount due in your accounts or for any greater amount and Apex may do so without retaining in their possession or under their control for delivery a like amount of similar securities or other property. You also authorize Apex to lend to themselves or others any securities or other property held by Apex on margin from your account or any accounts under your control. 證券和其他資產的抵押：現在或以後持有在您的賬戶中的證券和其他財產或在任何您擁有權益的賬戶，將由 证券和其他资产的抵押：现在或以后持有在您的账户中的证券和其他财产或在任何您拥有权益的账户，将由 Apex 持有或維持。並可能在沒有通知的情況下，由 持有或维持。并可能在没有通知的情况下，由 Apex 質押，重新抵押，質押或重新擔保，無論是與其他證券和財產分開還是與其他賬戶中的任何金額相同，以獲取您賬戶中到期的任何金額或更高金額。Apex 可以在不保留其控制權或在其控制下交付類似數量的類似證券或其他財產。您同時授權 质押，重新抵押，质押或重新担保，无论是与其他证券和财产分开还是与其他账户中的任何金额相同，以获取您账户中到期的任何金额或更高金额。 Apex 可以在不保留其控制权或在其控制下交付类似数量的类似证券或其他财产。您同时授权 Apex 向 Apex 或他人借出您賬戶中任何證券或其他資產或他人借出您账户中任何证券或其他资产。 INTEREST CHARGES ON DEBIT BALANCES: Your account will be charged interest monthly on the average daily net debit balance in all of your accounts, in accordance with Apex's margin rules, at the prevailing rate as determined by Apex. The interest charged will appear on your monthly statement and will indicate the rate and the period covered. The rate may change from time to time without prior notice, due to fluctuations in interest rates or other causes. Interest charges are based on a 360-day interest year. Interest is computed from the 16th day of the preceding month to the 15th day of the current month, except in January and December. In January, interest is computed from the 1st day of the month to the 15th. In December, interest is computed from the l6th day of the month to the 31st. In calculating margin interest, free credit balances in all accounts will be offset against any debit in the margin account and interest will be charged on the net debit balance, if any. The rate of interest charged can be found at xxxxx://xxx.xxxxxxxxx.xxx/content/en-us/pricing/marginrate. 貸款利息：根據APEX 融資規則，及公佈的現行利率，我們將按照每日平均凈貸款收取月度利息。利息收取及其利率與週期將被列明於賬戶報表中。利率可能隨時間因總體利率波動或其他因素而變化。利息收費基於 贷款利息：根据 APEX 融资规则，及公布的现行利率，我们将按照每日平均净贷款收取月度利息。利息收取及其利率与周期将被列明于账户报表中。利率可能随时间因总体利率波动或其他因素而变化。利息收费基于 360 日利息年度。除一月和十二月外，利息計算週期從上月 日利息年度。除一月和十二月外，利息计算周期从上月 16 日至本月 15 日計算。一月利息計算週期從當月 日计算。一月利息计算周期 从当月 1 日至當月 日至当月 15 日計算。十二月利息計算週期從當月 日计算。十二月利息计算周期从当月 16 日至當 月 日至当月 31 日計算。如適用，在融資利息計算中，賬戶中的現金餘額可抵消融資貸款，利息將按照凈貸款計算。收費利率，請查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-tw/pricing/marginrate. 日计算。如适用，在融资利息计 算中， 账户中的现金余额可抵消融资贷款， 利息将按照净贷款计算。 收费利率， 请查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-cn/pricing/marginrate, SHORT SALES: You agree that any ''short'' sale shall be designated as such to us at the time you place such an order and you hereby authorize us to mark such order ''short.'' You acknowledge that a short sale is the sale of a security you do not own and that to facilitate a short sale Apex must borrow stock to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Apex will attempt to re-borrow the securities, but Apex may be forced to cover your short position on the open market at the then current market price. You will be liable for any debit balance remaining after a short position has been closed out. If any securities that you borrow are deem as “hard to borrow”, additional fee will be charged. 賣空：您同意在下單時向我們表明賣空，並授權我們將此訂單標記為“short（做空）”。您了解賣空時出售的不是您正持有的證券，而APEX 必須借入股票從而轉交買方。如果股票被借出方召回， APEX 會嘗試重新借入股票，但 卖空：您同意在下单时向我们表明卖空，并授权我们将此订单标记为“short（做空）”。您了解卖空时出售的不是您正持有的证券，而APEX 必须借入股票从而转交买方。如果股票被借出方召回，APEX 会尝试重新借入股票，但 Apex 可能會被迫以當時的市場價格在公開市場上補回您的賣空證券。您需要負責賣空證券平倉回補後的所有欠款餘額。您借入任何被標記為“難以借入”的證券都將被收取額外的費用可能会被迫以当时的市场价格在公开市场上补回您的卖空证券。您需要负责卖空证券平仓回补后的所有欠款余额。您借入任何被标记为“难以借入”的证券都将被收取额外的费用。 You agree to meet the appropriate margin requirements for your short account as required by Apex and/or applicable exchange or federal regulations. The credit balance generated by short sales in your account is not a free credit balance. If the market value of your short account is greater than the short account credit balance, interest will be charged on the appreciation in value of the short positions. If the market value of your short account is less than the short account credit balance, interest on any debit in the account will be reduced in relation to the decline in value. Each Friday's closing price is used to determine the increase or decrease in the short account and your account is thus marked to the market daily. AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 您同意根據APEX 和（或）相關交易所或聯邦法規要求，為您的賣空賬戶維持適當的融資要求。賬戶中因賣空產生的金額不算入可用金額。如果您賣空證券的市場價值大於賬戶中現金餘額，我們會根據賣空證券的價值增長部分收取利息。如果您賣空證券的市場價值少於賬戶現金餘額，賬戶利息將根據相關價值下跌部分調整。我們將按照每週五的收盤價判斷賣空證券的漲跌，並且您的賬戶每天都會被標記在市場上您同意根据 APEX 和（或）相关交易所或联邦法规要求，为您的卖空账户维持适当的融资要求。账户中因卖空产生的金额不算入可用金额。如果您卖空证券的市场价值大于账户中现金余额，我们会根据卖空证券的价值增长部分收取利息。如果您卖空证券的市场价值少于账户现金余额，账户利息将根据相关价值下跌部分调整。我们将按照每周五的收盘价判断卖空证券的涨跌，并且您的账户每天都会被标记在市场上。 AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 合約審核：此賬戶和（或）融資合約於第一證券和（或）APEX 審核通過後生效。第一證券和（或） APEX 保留拒絕接受您申請的權利合约审核：此账户和（或）融资合约于第一证券和（或）APEX 审核通过后生效。第一证券和（或）APEX 保留拒绝接受您申请的权利。

PLEDGE OF SECURITIES AND OTHER PROPERTY. All securities and other property now or hereafter held, carried or maintained by Apex in or for any account in which you have an interest may be pledged, re- re-pledged, hypothecated or rehypothecated by Apex from time to time without notice, either separately or in common with other securities and property for any amount due in your accounts or for any greater amount and Apex may do so without retaining in their possession or under their control for delivery a like amount of similar securities or other property. You also authorize Apex to lend to themselves or others any securities or other property held by Apex on margin from your account or any accounts under your control. 證券和其他資產的抵押：現在或以後持有在您的賬戶中的證券和其他財產或在任何您擁有權益的賬戶，將由 证券和其他资产的抵押：现在或以后持有在您的账户中的证券和其他财产或在任何您拥有权益的账户，将由 Apex 持有或維持。並可能在沒有通知的情況下，由 持有或维持。并可能在没有通知的情况下，由 Apex 質押，重新抵押，質押或重新擔保，無論是與其他證券和財產分開還是與其他賬戶中的任何金額相同，以獲取您賬戶中到期的任何金額或更高金額。Apex 可以在不保留其控制權或在其控制下交付類似數量的類似證券或其他財產。您同時授權 质押，重新抵押，质押或重新担保，无论是与其他证券和财产分开还是与其他账户中的任何金额相同，以获取您账户中到期的任何金额或更高金额。 Apex 可以在不保留其控制权或在其控制下交付类似数量的类似证券或其他财产。您同时授权 Apex 向 Apex 或他人借出您賬戶中任何證券或其他資產或他人借出您账户中任何证券或其他资产。 INTEREST CHARGES ON DEBIT BALANCES: Your account will be charged interest monthly on the average daily net debit balance in all of your accounts, in accordance with Apex's margin rules, at the prevailing rate as determined by Apex. The interest charged will appear on your monthly statement and will indicate the rate and the period covered. The rate may change from time to time without prior notice, due to fluctuations in interest rates or other causes. Interest charges are based on a 360-day interest year. Interest is computed from the 16th day of the preceding month to the 15th day of the current month, except in January and December. In January, interest is computed from the 1st day of the month to the 15th. In December, interest is computed from the l6th day of the month to the 31st. In calculating margin interest, free credit balances in all accounts will be offset against any debit in the margin account and interest will be charged on the net debit balance, if any. The rate of interest charged can be found at xxxxx://xxx.xxxxxxxxx.xxx/content/en-us/pricing/marginrate. 貸款利息：根據APEX 融資規則，及公佈的現行利率，我們將按照每日平均凈貸款收取月度利息。利息收取及其利率與週期將被列明於賬戶報表中。利率可能隨時間因總體利率波動或其他因素而變化。利息收費基於 贷款利息：根据 APEX 融资规则，及公布的现行利率，我们将按照每日平均净贷款收取月度利息。利息收取及其利率与周期将被列明于账户报表中。利率可能随时间因总体利率波动或其他因素而变化。利息收费基于 360 日利息年度。除一月和十二月外，利息計算週期從上月 日利息年度。除一月和十二月外，利息计算周期从上月 16 日至本月 15 日計算。一月利息計算週期從當月 日计算。一月利息计算周期 从当月 1 日至當月 日至当月 15 日計算。十二月利息計算週期從當月 日计算。十二月利息计算周期从当月 16 日至當 月 日至当月 31 日計算。如適用，在融資利息計算中，賬戶中的現金餘額可抵消融資貸款，利息將按照凈貸款計算。收費利率，請查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-tw/pricing/marginrate. 日计算。如适用，在融资利息计 算中， 账户中的现金余额可抵消融资贷款， 利息将按照净贷款计算。 收费利率， 请查看 xxxxx://xxx.xxxxxxxxx.xxx/content/zh-cn/pricing/marginrate, SHORT SALES: You agree that any ''short'' sale shall be designated as such to us at the time you place such an order and you hereby authorize us to mark xxxx such order ''short.'' You acknowledge that a short sale is the sale of a security you do not own and that to facilitate a short sale Apex must borrow stock to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Apex will attempt to re-borrow the securities, but Apex may be forced to cover your short position on the open market at the then current market price. You will be liable for any debit balance remaining after a short position has been closed out. If any securities that you borrow are deem as “hard to borrow”, additional fee will be charged. 賣空：您同意在下單時向我們表明賣空，並授權我們將此訂單標記為“short（做空）”。您了解賣空時出售的不是您正持有的證券，而APEX 必須借入股票從而轉交買方。如果股票被借出方召回， APEX 會嘗試重新借入股票，但 卖空：您同意在下单时向我们表明卖空，并授权我们将此订单标记为“short（做空）”。您了解卖空时出售的不是您正持有的证券，而APEX 必须借入股票从而转交买方。如果股票被借出方召回，APEX 会尝试重新借入股票，但 Apex 可能會被迫以當時的市場價格在公開市場上補回您的賣空證券。您需要負責賣空證券平倉回補後的所有欠款餘額。您借入任何被標記為“難以借入”的證券都將被收取額外的費用可能会被迫以当时的市场价格在公开市场上补回您的卖空证券。您需要负责卖空证券平仓回补后的所有欠款余额。您借入任何被标记为“难以借入”的证券都将被收取额外的费用。 You agree to meet the appropriate margin requirements for your short account as required by Apex and/or applicable exchange or federal regulations. The credit balance generated by short sales in your account is not a free credit balance. If the market value of your short account is greater than the short account credit balance, interest will be charged on the appreciation in value of the short positions. If the market value of your short account is less than the short account credit balance, interest on any debit in the account will be reduced in relation to the decline in value. Each Friday's closing price is used to determine the increase or decrease in the short account and your account is thus marked to the market daily. AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 您同意根據APEX 和（或）相關交易所或聯邦法規要求，為您的賣空賬戶維持適當的融資要求。賬戶中因賣空產生的金額不算入可用金額。如果您賣空證券的市場價值大於賬戶中現金餘額，我們會根據賣空證券的價值增長部分收取利息。如果您賣空證券的市場價值少於賬戶現金餘額，賬戶利息將根據相關價值下跌部分調整。我們將按照每週五的收盤價判斷賣空證券的漲跌，並且您的賬戶每天都會被標記在市場上您同意根据 APEX 和（或）相关交易所或联邦法规要求，为您的卖空账户维持适当的融资要求。账户中因卖空产生的金额不算入可用金额。如果您卖空证券的市场价值大于账户中现金余额，我们会根据卖空证券的价值增长部分收取利息。如果您卖空证券的市场价值少于账户现金余额，账户利息将根据相关价值下跌部分调整。我们将按照每周五的收盘价判断卖空证券的涨跌，并且您的账户每天都会被标记在市场上。 AGREEMENT SUBJECT TO APPROVAL: This account and/or margin agreement will be effective only upon Firstrade and/or Apex approval. Firstrade and/or Apex reserve the right to reject your account and/or margin agreement. 合約審核：此賬戶和（或）融資合約於第一證券和（或）APEX 審核通過後生效。第一證券和（或） APEX 保留拒絕接受您申請的權利合约审核：此账户和（或）融资合约于第一证券和（或）APEX 审核通过后生效。第一证券和（或）APEX 保留拒绝接受您申请的权利。