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To: Dominick who wrote (693)	8/20/2000 11:09:58 PM
From: EL KABONG!!!	Respond to of 1426

Dominick, Perhaps I didn't stress enough that, for the brokerage, the important aspect here is the signed margin agreement. Generally speaking, most margin agreements favor the brokerages, and spell out the brokerage's rights, etc. under the agreement. These agreements also usually limit the account holder's rights to one of arbitration. The cash, or lack thereof, in the account is important, but not as important as the properly signed margin agreement, by which the brokerage is fairly well protected should something unforeseen occur. In your examples, the brokerage would be protected maybe 99% (just a WAG) of the time. With the margin agreement, they capture that last 1%. KJC