Margin保證金
Margin allows investors to buy securities with money borrowed from brokers or banks. It is calculated based on the difference between the market value of the stock and the loan made by the lender. The extension of credit to customers for securities transactions in the U.S. is regulated by: the Federal Reserve Board, the New York Stock Exchange (NYSE), the National Association of Securities Dealers (NASD), and individual firms. The Federal reserve regulates the amount of money that a broker may lend to a customer through Regulation T (Reg T). Although Reg T allows for the extension of margin credit for any listed security, most brokerage firms have more strict lending rules and will not lend for the purchase of low-priced (penny stock) securities.
投資者可以通過保證金從經紀人或銀行借款來購買證券。保證金的計算取決于股票的市場價值和貸款的差異。美國的聯(lián)邦儲備局，紐約證券交易所，全美證券交易商協(xié)會和個別公司共同規(guī)定證券客戶的信貸延展問題。美聯(lián)儲通過法規(guī)T來限制經紀人對客戶的貸款數(shù)額。雖然法規(guī)T允許對一些保證金賬戶延展信貸，但大多數(shù)證券經紀公司對貸款有更嚴格的規(guī)定并且不會貸款給客戶來購買低價股票
Margin allows investors to buy securities with money borrowed from brokers or banks. It is calculated based on the difference between the market value of the stock and the loan made by the lender. The extension of credit to customers for securities transactions in the U.S. is regulated by: the Federal Reserve Board, the New York Stock Exchange (NYSE), the National Association of Securities Dealers (NASD), and individual firms. The Federal reserve regulates the amount of money that a broker may lend to a customer through Regulation T (Reg T). Although Reg T allows for the extension of margin credit for any listed security, most brokerage firms have more strict lending rules and will not lend for the purchase of low-priced (penny stock) securities.
投資者可以通過保證金從經紀人或銀行借款來購買證券。保證金的計算取決于股票的市場價值和貸款的差異。美國的聯(lián)邦儲備局，紐約證券交易所，全美證券交易商協(xié)會和個別公司共同規(guī)定證券客戶的信貸延展問題。美聯(lián)儲通過法規(guī)T來限制經紀人對客戶的貸款數(shù)額。雖然法規(guī)T允許對一些保證金賬戶延展信貸，但大多數(shù)證券經紀公司對貸款有更嚴格的規(guī)定并且不會貸款給客戶來購買低價股票