Understand Margin Calls. If your margin account has a shortfall (i.e. the loan balance is not covered by the value of cleared funds and/or securities held as security against the loan) the product provider will make a margin call on you to deposit more cleared funds or securities into your account. If you are unable to meet the margin call, the product provider may enforce the margin call and sell your securities to increase the equity in your account up to or above the level required.
Appears in 3 contracts
Samples: Be Provided, somersetsmith.co.nz, somersetsmith.co.nz
Understand Margin Calls. If your margin account has a shortfall (i.e. the loan balance is not covered by the value of cleared funds cash and/or securities held as security against the loan) the product provider will make a margin call on you to deposit more cleared funds cash or securities into your account. If you are unable to meet the margin call, the product provider may enforce the margin call and sell your securities to increase the equity in your account up to or above the level required.
Appears in 1 contract
Samples: somersetsmith.co.nz