Pershing Margin Interest Rates
Interest rates are scaled to the Pershing base-lending rate (PBLR), which may change without prior notice from time to time.
PBLR = 7.88% as of September 2019
The rate paid on a debit balance is as follows:
Credit Balance Currency Thresholds and Interest Rates
Pershing Charges accounts holding credit balances on the below currencies based on the thresholds and rates detailed here:These charges will be reported as Free Credit Balance Interest Charge on NetX360 and account statements, and will be reported on your clients’ annual tax Forms 1099 and/or 1042-S.
We recommend that you disclose these charges to your clients according to your firm’s policies, procedures and applicable regulations.