Margin is borrowed cash against securities or collateral for futures contracts. Visit MEXEM's Margin Trading web page, Knowledge Base, or Margin Education page for more info.
Read MoreSMA is a credit line in your MEXEM Universal Account's Securities segment when securities increase in value. Trading commodities may reduce SMA as cash moves to the Commodities segment. After closing a contract, you can sweep settled cash back to the Securities segment. SMA is not transferable to cash.
Read MoreSMA in MEXEM Universal Account is a credit line from securities' value increase. Only Securities segment funds count. Trading commodities reduces SMA as cash moves to Commodities segment. After contract closure, sweep settled cash back to Securities segment. SMA can't be transferred to cash. See MEXEM Knowledge Base.
Read MoreEquity with Loan Value (ELV) forms the basis for determining whether a client has the necessary assets to either initiate or manage security positions.The ELV formula for the securities segment of the Universal Account is as follows:Cash + stock value + bond value + mutual fund value + European and Asian options value (excludes market value U.S. securities & futures options and cash maintained in futures segment).
Read MoreMEXEM allows securities transfer to qualified charities under certain conditions: the security must be a U.S. stock, warrant, or bond; eligible for DTC transfer; and the charity must be DTC-ready. Requests must be made via the Charitable Gift Transfer form. Cost basis for partial share transfers will be determined by your default tax lot identification method.
Read MoreClients own all securities in their account, but they're held in 'Street Name' - registered under MEXEM by the issuer. MEXEM keeps a 'Book-Entry' record confirming your ownership.
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