Customer's loan

(redirected from Customer Loans)

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 ?
Net customer loans remained almost unchanged to reach $4.
Byblos' consolidated total assets, customer deposits and net customer loans stood respectively at $19.
In December, the lender announced e1/4248m in provisions for impairment from customer loans for the last quarter of 2014, compared to e1/4115m in the third quarter, the lender said in an emailed statement today.
5bn worth of outstanding customer loans, Reuters has reported
BANKING PROFITS THE UK arm of Spanish bank k Santander said its pre-tax profit lifted 13% to PS470m in the three months to the end of March compared to a year ago, as it grew customer loans by 3.
The bank's customer-centric strategy remains firmly on track, with both customer loans and deposits continuing to grow despite the increasingly competitive environment," said Paul Trowbridge, chief executive officer of UAB.
I am talking of the provision of customer loans and banking facilities.
Net interest income increased year on year by 12% as a result of a 28% growth in customer loans and advances.
The bank's customer loans and advances increased by 21 per cent to Dh18 billion while customer deposits recorded growth of 31 per cent to Dh18 billion.
The bank's liquidity remained solid, withA EUR 161 billionA in deposits and EUR 153 billion in customer loans.
In its third-quarter earnings statement on Wednesday, ADCB, majority-owned by the state, said its customer loans and advances on September 30 declined two per cent, mainly because of the repayment of a $2 billion loan in late September.
In addition to the low interest charged on customer loans, the company has also introduced several policies designed to help provide the best quality of service to customers.

Full browser ?