Truth-in-lending statement for margin loans: You will be charged interest on any credit extended to or maintained for you by Raymond James for the purpose of purchasing, carrying, or trading in any security or otherwise.
Your particular rate will vary with the size of your average debit balance according to the following schedule:
|Debit Balance||Annual Interest Rate|
|$10 million and above||Base Rate less 1.25%|
|$5 million — $9,999,999.99||Base Rate less 1.00%|
|$1 million — $4,999,999.99||Base Rate less 0.75%|
|$500,000 — $999,999.99||Base Rate less 0.50%|
|$250,000 — $499,999.99||Base Rate plus 0.25%|
|$100,000 — $249,999.99||Base Rate plus 0.75%|
|$50,000 — $99,999.99||Base Rate plus 1.50%|
|$25,000 — $49,999.99||Base Rate plus 2.50%|
|Under $25,000||Base Rate plus 2.75%|
As of December 15, 2016, Base Rate equals 6%.
We use the following three accumulators to calculate margin interest:
Security borrow fees for short sales
Fees associated with borrowing securities to satisfy delivery requirements for short sales can vary greatly depending upon a number of factors. These fees may be charged during the duration of your borrow, and may be shared in part or in total by Raymond James.
Please contact your financial advisor with any questions you may have.
See additional lending rates, including mortgage rates, at raymondjamesbank.com.