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(guò)保證金從經(jīng)紀(jì)人或銀行借款來(lái)購(gòu)買證券。保證金的計(jì)算取決于股票的市場(chǎng)價(jià)值和貸款的差異。美國(guó)的聯(lián)邦儲(chǔ)備局，紐約證券交易所，全美證券交易商協(xié)會(huì)和個(gè)別公司共同規(guī)定證券客戶的信貸延展問(wèn)題。美聯(lián)儲(chǔ)通過(guò)法規(guī)T來(lái)限制經(jīng)紀(jì)人對(duì)客戶的貸款數(shù)額。雖然法規(guī)T允許對(duì)一些保證金賬戶延展信貸，但大多數(shù)證券經(jīng)紀(jì)公司對(duì)貸款有更嚴(yán)格的規(guī)定并且不會(huì)貸款給客戶來(lái)購(gòu)買低價(jià)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(guò)保證金從經(jīng)紀(jì)人或銀行借款來(lái)購(gòu)買證券。保證金的計(jì)算取決于股票的市場(chǎng)價(jià)值和貸款的差異。美國(guó)的聯(lián)邦儲(chǔ)備局，紐約證券交易所，全美證券交易商協(xié)會(huì)和個(gè)別公司共同規(guī)定證券客戶的信貸延展問(wèn)題。美聯(lián)儲(chǔ)通過(guò)法規(guī)T來(lái)限制經(jīng)紀(jì)人對(duì)客戶的貸款數(shù)額。雖然法規(guī)T允許對(duì)一些保證金賬戶延展信貸，但大多數(shù)證券經(jīng)紀(jì)公司對(duì)貸款有更嚴(yán)格的規(guī)定并且不會(huì)貸款給客戶來(lái)購(gòu)買低價(jià)股票。