Provisions for Margin Sample Clauses

Provisions for Margin. The following terms and conditions govern your relationship with Stifel concerning margin. Consult your Financial Advisor regard- ing any questions or concerns you may have with your margin account(s). When you purchase securities, you may pay for the securities in full or, if you have been approved for margin by Stifel, you may opt to borrow part of the purchase price from Stifel. If you choose to borrow funds from Stifel, you will need to establish margin privileges on your account. To do so, you must understand the risks of a margin account and agree to the terms governing the margin account. Margin privileges are not available for Custodian Accounts. As a result, a Custodian Account will not have the abil- ity to cover with margin any Debit MasterCard® ATM or Point of Sale transactions or Checks in excess of the Free Credit Balance plus the value of Fund shares in the account. The securities purchased are Stifel’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. As a result, Stifel can take action, such as issue a Maintenance Call or a Margin Call and/or sell securities in your account, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trad- ing securities on margin. These risks include the following: