There are a number of margin lenders available to use through our investment service. For more information about these lenders please see the list below.
There are a number of margin lenders available to use through our investment service. For more information about these lenders please see the list below.
When a Voyage or Grow Wrap account is linked to a margin loan, you or your client will need to manage the balance of the cash settlement account and the margin loan.
When a buy is placed on a Wrap account linked to a margin loan, you or your client will need to ensure that there are sufficient funds in the cash settlement account prior to the settlement date. This may mean manually transferring funds from the margin loan to the cash settlement account to fund the buy trade if necessary.
When a sell is placed on a Wrap account linked to a margin loan, the trade will be executed and will settle as normal. The proceeds from the sale will be deposited into the Wrap Cash Account and the funds will remain in the Wrap Cash Account until moved by you or the client. The margin loan will be linked to the Wrap Cash Account as a nominated account to help enable this funds transfer.
Please note that the funds held in the Wrap Cash Account don’t offset the margin loan, and the funds will need to be manually swept from the Wrap Cash Account to the margin lender to offset against the margin loan.
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