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Message: Margin Accounts..

Margin Accounts..

posted on Mar 21, 2008 03:39AM

Just for your info this was posted on my Webbroker this morning..

 

FYI: Reduced Loan Value for Select US Securities

SUMMARY:
This information is relevant to margin accounts only.

Due to recent market events, effective immediately, TD Waterhouse has reduced the loan value for 27 securities in the US Financials sector to 50%.

In addition, the loan value of Lehman Brothers stock has been reduced to 0% and E*Trade Financial Corp has been reduced to 25%.

Please refer to the list of affected securities below:

  • Americredit Corp
  • Anworth Mortgage Asset C
  • Ashford Hospitality Trust
  • China Direct Inc
  • CIT Group Inc
  • Compucredit Corp
  • Corus Bankshares Inc
  • Country Wide Financial Crp
  • Downey Financial Corp
  • Heritage Financial Group
  • E*Trade Financial Corp
  • FC Stone Group Inc
  • First Marblehead Corp
  • Lehman Brothers
  • MF Global Ltd
  • MGIC Investment Corp WIS
  • National City Corp
  • Newcastle Investment Corp
  • Old National Banccorp Inc
  • Penson Worldwide Inc
  • PMI Group Inc
  • Radian Group Inc
  • Rait Financial Trust
  • Redwood Trust Inc
  • Resource Capital Corp
  • Temecula Valley Bancorp
  • Triad GTY Inc
  • Washington Mutual Inc
  • Western Alliance Bancorp

MARGIN ACCOUNT IMPACT:
If you are holding any of these listed securities in your TD Waterhouse account, your loan value and available margin will be reduced until further notice.

 

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