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Zorluk: KolayMargin Accounts and Borrowing Requirements

A customer purchases $12,000\$12,000 of marginable common stock in a newly opened margin account. Under Federal Reserve Regulation T, how much cash must the customer deposit to satisfy the initial margin requirement?

Cevap: 6000 $

Cevap

The customer must deposit $6,000\$6,000 in cash to meet the Regulation T initial margin requirement.
Under Federal Reserve Board Regulation T, an investor buying marginable equity securities must deposit at least 50%50\% of the purchase price. For a $12,000\$12,000 purchase, the required cash deposit is 50%×$12,000=$6,00050\% \times \$12,000 = \$6,000. This amount easily satisfies FINRA's minimum initial equity requirement of $2,000\$2,000.

Adım Adım Çözüm

1
Identify the Regulation T initial deposit percentage for marginable securities
Regulation T mandates a 50%50\% deposit of the trade's total purchase value.
Federal Reserve Board Regulation T establishes credit limits for purchasing marginable securities.
2
Calculate the required dollar deposit
$12,000×50%=$6,000\$12,000 \times 50\% = \$6,000
The investor is required to fund half of the total purchase amount.
3
Verify against the FINRA initial minimum equity rule
$6,000\$6,000 exceeds the FINRA minimum requirement of $2,000\$2,000.
FINRA rules mandate a minimum initial equity of $2,000\$2,000 or 100%100\% of the purchase price (whichever is less), which is fully satisfied by the $6,000\$6,000 deposit.

Anahtar Kavram

Regulation T Initial Margin Requirement
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Konular

Margin Accounts and Borrowing Requirements