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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (61650)	5/22/2006 7:38:54 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

>>Anybody know what type of protections exist for cash balances and short account balances at U.S. brokerages?<< FSLIC and SIPC....which are WAAAAAAY underfunded for their missions. If things get really dicey, get physical G, cases of Marlboros and bottles of decent though not great scotch....(you'd hate to part with the really good stuff, right?)<G?> This is why it's good to take some off the table from time to time and buy stuff........

To: Perspective who wrote (61650)	5/22/2006 7:39:39 PM
From: ild	Read Replies (2) \| Respond to of 110194

SIPC covers $500,000 per customer, including a maximum of $100,000 for cash claims. sipc.org Usually each broker carries additional private insurance. Usually up to $25 Mil. This is what IntercativeBrokers provide: interactivebrokers.com Customer securities accounts at Interactive Brokers are protected up to $30 million (including up to $1 million for cash). The market value of your stocks, options, warrants, debt, and cash -- denominated in all currencies -- is covered by this insurance. Futures, options on futures, and single stock futures are not covered, but available cash will be swept from your futures account to your securities account periodically to take advantage of insurance coverage as much as possible. As with all securities firms, this insurance provides protection against failure of a broker-dealer, not against loss of market value of securities. This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd’s of London insurers. SIPC provides the first $500,000 per customer (including up to $100,000 for cash). For customers who have received the full SIPC protection, the Lloyd’s policy provides up to an additional $29.5 million (including $900,000 for cash), subject to an aggregate limit of $150 million. EDIT: I think short account balances count add to cash.