Customer's loan

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Customer's loan

Agreement signed by a margin customer that allows a broker to borrow margin securities up to the level of the customer's debit balance to help cover other customers' short positions.

Customer's Loan

An agreement that a client may make with a brokerage allowing the brokerage to borrow the client's margin securities to cover short sales and fail to delivers made by other clients. Margin securities are securities that the client uses as collateral in order to borrow from the brokerage and buy other securities. Even though the brokerage possesses the margin securities, they still belong to the client. As a result the brokerage must have a customer's loan agreement on file to use the securities for other purposes. A customer's loan agreement should not be confused with a margin agreement. See also: Margin account.
References in periodicals archive ?
8 billion, driven by the 18-percent rise in customer loan portfolio to P1.
Summary: Customer deposit growth of 16 percent, customer loan growth of 15 percent and higher fee income were among the key factors that saw BankMed achieve 8 percent growth in profits in 2012 despite the developments taking place in the country and the region.
4 billion in 2011, while the bank's customer loan portfolio reached QR16.
In a statement, HSBC said it will acquire RBS Kazakhstan's personal customer loan and credit card portfolios, together with four branches, 80 ATMs and two support offices.
Specifically, the Notice alleged that Respondent, as a sales and service representative for the Bank, diverted portions of customer loan proceeds on thirteen home-equity loans that Respondent made, authorized and/or booked, by issuing checks from the loan proceeds to make payments on his own credit card accounts (or accounts for which he was an authorized user) and payments on a loan in the name of related persons, or by depositing checks into accounts that were owned or controlled by Respondent.
expects to more than double its customer loan base within the next five years.
75% premium to gross customer loan balances, resulting in consideration of US$32.
The enlarged entity, which will operate under the name Raiffeisen Polbank, is seen to become the Austrian banka[euro](tm)s largest subsidiary in terms of customer loan volumes.
Customer loan volumes in central and eastern Europe are forecast to remain "muted" in the course of the current year.
With the ability to obtain signatures quickly, TotaleAtlasWeb helps to lock in customer loan decisions, reduce overnight delivery costs, and lessen the security risks associated with e-mailing, faxing, and mailing documents.
The enlarged entity, which will operate under the name Raiffeisen Polbank, is seen to become the Austrian bank's largest subsidiary in terms of customer loan volumes.
First California Bank, a wholly owned subsidiary of FCB Bancorp, in a separate transaction acquired essentially all the assets and liabilities of South Coast Commercial Bank, including all current customer loan and deposit accounts.

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