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To: Michael Abramson who wrote (5592)10/28/1997 11:34:00 AM
From: Vladimir Zelener  Read Replies (1) | Respond to of 16892
 
<< By the way here is a mistake all calculations reflect one day of fund release, in case of weekend there were will be two days, so amount of position should be half of what I posted, your wish of four day calculation is not supported, they are calculating margin and interest daily after market.>>

Michael, I am a bit confused. If I bought a position on margins on Friday and I did not close it on Monday I believe any brokerage will charge me the margin interest for 4 days, even though they calculate the interest only twice on Frday and Monday nights. Are you saing they will charge me only for 2 days??