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If the market value of futures customer funds in the account of a futures customer is negative after adjustments, then that account has a debit balance.
If there is a debit balance after calculation of all anticipated charges and payments, students should make payments for the balances by the appropriate deadline (mid-September for the fall term and late January for the spring term).
It says a process failure resulted in the six-month delay, but said its aim is that each customer "has no credit or debit balance at the end of the year".
Mispriced quotes, front running, excessive fees and absurd interest rates on your debit balance.
I'm billed at 1% on my debit balance, a bargain rate.
On a debit balance of $50,000, Charles Schwab charges 7%, Fidelity 7.075% and TD Ameritrade 7.25%.
Similar(50)
(ii) Any debit balances referred to in § 1.20(i)(4) included in such undermargined amounts.
This balance may not be reduced by any debit balances that the futures customers of the futures commission merchants have in their accounts.
Families are paying down their debt, even plastic debit balances.
The clearing firm also charges interest typically 1% a month of customer debit balances carried on the clearing firm's books.
They do so because hedge funds are ideal customers – creating huge volume, frenetic trading, vast debit balances and lots of short sales.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com