Most secondary market bonds are marginable. To determine the cusip and account margin eligibility, call a Fixed Income Specialist at (800) 544-5372.
Some secondary market bonds are not marginable due to the size of the issue.
While CDs can be purchased in either the new issue or secondary market in type margin, they have a 100% initial and maintenance requirement.
You cannot use margin to purchase newly issued municipal bonds. Newly issued municipal bonds must be held in the cash account (type 1) for 30 days from the effective date before being margined.
Margin trading entails greater risk, including, but not limited to, risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.