MARGIN - Do's and Don'ts Message Board

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Strategies & Market Trends : MARGIN - Do's and Don'ts

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To: Dale Baker who wrote (4)	7/26/1998 11:17:00 PM
From: Greg Jung	Read Replies (1) of 35

Margin credits: They don't have such a term on the C. Schwab account, but I have a few months now of margin interest charged with a positive cash balance. The market value of the short position is subtracted from the cash balance and if it is debit, then margin interest is deducted on that amount. So if I had $5,000 cash and went short by $5,000, I'd be holding $10,000 cash and wouldn't pay interest until the short value rose to $10,000. Greg

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