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Margin Interest Charges for Accounts Held at Pershing, LLC
Interest on Credit Extended in Margin Accounts
Current PBLR: 8.125%
|Average Debit Balance||Interest to be Charged above PBLR|
|$0 - $24,999||3%|
|$25,000 - $49,999||2 ½%|
|$50,000 - $99,000||2%|
|$100,000 - $499,999||1 ½%|
|$500,000 and over||1%|
|*The PBLR is set at the discretion of Pershing with references to commercially recognized interest rates, industry conditions regarding the extension of margin credit and general credit market conditions.|