Credit and Lending

Ready Access (Margin)

Ready Access provides a line of margin credit that allows investors to borrow against eligible securities at interest rates below, at or slightly above, the prime rate. The amount borrowed determines the interest rates charged. These accounts provide cash on demand, with no lengthy application or approval process. Borrowing on margin and using securities as collateral may involve a high degree of risk and may not be appropriate for all investors. Market conditions can magnify any potential for loss. For example, if the market turns down, an investor may be required to deposit additional securities and/or cash into the account. The securities in the account may be sold to meet the margin call, and the firm can sell investors’ securities without contacting them.

Banking Services

Through Raymond James Bank, we offer a variety of competitive lending programs to meet your needs.

Margin or a Securities Based Line of Credit may not be suitable for all clients. The proceeds from a Securities Based Line of Credit cannot be used to purchase or carry margin securities. Borrowing on securities based lending products and using securities as collateral may involve a high degree of risk. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to deposit additional securities and/or cash in the account(s) or pay down the loan. The securities in the pledged account(s) may be sold to meet the margin call, and the firm can sell the client's securities without contacting them. The interest rates charged for a Securities Based Line of Credit are determined by the market value of pledged assets and the net value of the client's Capital Access account. The interest rates charged for Margin are determined by the amount borrowed. For additional information on Raymond James & Associates, Inc., Raymond James Financial Services, Inc. and Raymond James Trust N.A. are affiliated with Raymond James Bank, member FDIC, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc. companies are not insured by the FDIC or any other federal agency, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank, and are subject to investment risks, including possible loss of the principal invested.