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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: David Winkler who wrote (8151)	4/24/1998 2:26:00 PM
From: Rubber Man	Read Replies (2) \| Respond to of 16892

From the Independent Auditors' report: Assets: ... Cash Segregated for Regulatory Purposes $ 60.8 M Securities Borrowed $ 67.1 M Receivable from Customers $170.8 M Liabilities: ... Payable to customers $229.0 M From what I can see, the securities borrowed and A/R from customers is charged 7% interest by Datek. I'm not sure if the segregated cash receives any interest. As for the liabilities, Datek may be paying the A/P 4% interest, but a majority of that is probably an interest free to Datek (ie. from shorts who have sold but have not bought back yet)