All standard (default) LeverageLine interest rates are variable rates, based on a discounted “house” rate (an institution-determined figure based on various indicators) that is keyed to the size of the credit line offer; to this is added a small increment based on 30-day (monthly) LIBOR. (See the 30-day LIBOR rate on any of the major financial sites, including Bloomberg or Bankrate; the rate has remained within a relatively small range of variance over the last seven years.)
How securities and cash figure in a LeverageLine securities-based line of credit.
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Securities-based Financing – The Missing Piece in Most Financial Planning