{"product_id":"margin-trading-from-a-to-z-isbn-9781119108511","title":"Margin Trading from A to Z","description":"\u003ci\u003eMargin Trading from A to Z\u003c\/i\u003e offers a step-by-step explanation of the mechanics of the margin account. Filled with in-depth insights and expert advice, this book uses a hands-on approach to show how a Regulation T Margin Call is arrived at; how it may be answered; and how an account looks once a call is issued and after the call is met. Other items covered by this detailed guide include minimum maintenance requirements, short selling, memorandum accounts, options, hedge funds, and portfolio margining. The book includes quiz questions and a comprehensive exam.\u003cbr\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Cash Accounts 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSale of Securities 3\u003c\/p\u003e \u003cp\u003ePaying for Securities by the Sale of Other Securities 3\u003c\/p\u003e \u003cp\u003eDelivery against Payment 4\u003c\/p\u003e \u003cp\u003eEmployee Stock Options 6\u003c\/p\u003e \u003cp\u003eChapter One Questions 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Initial Federal Margin Requirements 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePurchases 9\u003c\/p\u003e \u003cp\u003eSales 16\u003c\/p\u003e \u003cp\u003eMeeting a Margin Call 17\u003c\/p\u003e \u003cp\u003eChapter Two Questions 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Initial and Minimum Maintenance Requirements 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInitial Requirements 21\u003c\/p\u003e \u003cp\u003eHouse Requirements 23\u003c\/p\u003e \u003cp\u003eNYSE Minimum Maintenance Requirements 23\u003c\/p\u003e \u003cp\u003eChapter Three Questions 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 The Special Memorandum Account 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCustomer's Account 35\u003c\/p\u003e \u003cp\u003eChapter Four Questions 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Short Sales 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCovering Short Sales 51\u003c\/p\u003e \u003cp\u003eNYSE Minimum Maintenance Requirements 52\u003c\/p\u003e \u003cp\u003eSample Transactions 53\u003c\/p\u003e \u003cp\u003eShort Sale versus the Box or Short against the Box 55\u003c\/p\u003e \u003cp\u003ePrime Broker 59\u003c\/p\u003e \u003cp\u003eChapter Five Questions 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Bonds 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eU.S. Government Securities 67\u003c\/p\u003e \u003cp\u003eZero-Coupon Government Obligations 67\u003c\/p\u003e \u003cp\u003eMunicipals 69\u003c\/p\u003e \u003cp\u003eNonconvertible Corporate Bonds 72\u003c\/p\u003e \u003cp\u003eChapter Six Questions 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Miscellaneous Categories 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen-Issued and When-Distributed Transactions 77\u003c\/p\u003e \u003cp\u003eCustomer’s Accounts 78\u003c\/p\u003e \u003cp\u003eMarks to the Market 80\u003c\/p\u003e \u003cp\u003eWhen-Distributed Securities 80\u003c\/p\u003e \u003cp\u003eSegregation of Customers' Securities 80\u003c\/p\u003e \u003cp\u003eReview of Customers' Accounts 81\u003c\/p\u003e \u003cp\u003eInterest Charges 83\u003c\/p\u003e \u003cp\u003eMargin on New Issues 85\u003c\/p\u003e \u003cp\u003eDay Trades 85\u003c\/p\u003e \u003cp\u003eRequirements for a Pattern Day Trader 86\u003c\/p\u003e \u003cp\u003eTime and Tick 87\u003c\/p\u003e \u003cp\u003eChapter Seven Questions 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Options 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinitions 92\u003c\/p\u003e \u003cp\u003eAdditional Definitions Related to the Types of Options 93\u003c\/p\u003e \u003cp\u003eExamples 95\u003c\/p\u003e \u003cp\u003eRequirements for the Purchase and\/or Sale of Options 100\u003c\/p\u003e \u003cp\u003eLong-Term Equity Anticipation Securities 101\u003c\/p\u003e \u003cp\u003eLEAPS 101\u003c\/p\u003e \u003cp\u003eLEAPS Example 102\u003c\/p\u003e \u003cp\u003eBull Spread Call Debit 106\u003c\/p\u003e \u003cp\u003eBear Spread Call Credit 107\u003c\/p\u003e \u003cp\u003eBull Spread Put Credit 107\u003c\/p\u003e \u003cp\u003eBear Spread Put Debit 108\u003c\/p\u003e \u003cp\u003eThe American Style 108\u003c\/p\u003e \u003cp\u003eThe European Style 108\u003c\/p\u003e \u003cp\u003eOther Types of Options 108\u003c\/p\u003e \u003cp\u003eIndex Options 108\u003c\/p\u003e \u003cp\u003eInterest Rate Options 109\u003c\/p\u003e \u003cp\u003eAdditional Details Concerning Options 113\u003c\/p\u003e \u003cp\u003eChapter Eight Questions 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Portfolio Margining 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMargin Deficiencies 125\u003c\/p\u003e \u003cp\u003eChapter 9 Questions 126\u003c\/p\u003e \u003cp\u003eEligible\/Hedged\/Unhedged Positions 126\u003c\/p\u003e \u003cp\u003eAccount Set-up 126\u003c\/p\u003e \u003cp\u003eUnlisted Derivatives 126\u003c\/p\u003e \u003cp\u003eLiquidations 127\u003c\/p\u003e \u003cp\u003eAPPENDIX A The Federal Reserve 129\u003c\/p\u003e \u003cp\u003eAPPENDIX B Customer Margin Account and SMA Sheets 137\u003c\/p\u003e \u003cp\u003eAPPENDIX C Answers to Chapter Questions 139\u003c\/p\u003e \u003cp\u003eAPPENDIX D Final Examination Questions 151\u003c\/p\u003e \u003cp\u003eAPPENDIX E Final Examination Answers 161\u003c\/p\u003e \u003cp\u003eGlossary of Terms 169\u003c\/p\u003e \u003cp\u003eIndex 177\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eMICHAEL T. CURLEY\u003c\/b\u003e has fifty years of experience in the field of finance, including fifteen years in the banking industry and fifteen years in the brokerage industry. He has attained experience as a manager of operations at Citibank, as a vice president of operations at both State Street and Hartford Trust Company of New York, and from work in the Division of Compliance, Finance, and Margin at the New York Stock Exchange. Since 1987, Curley has been a full-time financial trainer and consultant. He currently teaches at the New York Institute of Finance and at the Securities Operations Forum.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARGIN TRADING FROM A TO Z\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eTrading on margin may be considered a high-risk strategy, but purchasing securities in this manner is nothing more than purchasing securities on credit. And if properly performed, this investment approach can yield significant profits.  \u003c\/p\u003e\u003cp\u003eWhile there's risk in any leveraged investment, with knowledge of the product, diversification, and constant monitoring, this risk can be greatly reduced. Certainly, there is nothing new in these concepts, and nobody is more familiar with them than author Michael Curley. With over fifty years of experience in the field of finance—including fifteen years in the banking industry and fifteen years in the brokerage industry—Curley knows what it takes to make it as a successful investor, and now, with \u003ci\u003eMargin Trading from A to Z\u003c\/i\u003e, he'll show you how.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eMargin Trading from A to Z\u003c\/i\u003e offers a step-by-step explanation of the mechanics of the margin account. Filled with in-depth insights and expert advice, this book uses a hands-on approach to show how a Regulation T margin call is arrived at; how it may be answered; and what an account looks like once a call is issued and after the call is met.  \u003c\/p\u003e\u003cp\u003eThroughout these pages, you'll quickly become familiar with the essential elements of margin trading and learn how to operate within this dynamic environment. Some of the issues covered by this detailed guide include:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eInitial and minimum maintenance requirements\u003c\/li\u003e \u003cli\u003eThe intricacies of the Special Memorandum Account (SMA)\u003c\/li\u003e \u003cli\u003eMargin trading as it relates to short selling, bonds, and options\u003c\/li\u003e \u003cli\u003eThe opportunities that a Portfolio Margining methodology presents\u003c\/li\u003e \u003cli\u003eAnd much more \u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989572436197,"sku":"NP9781119108511","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119108511.jpg?v=1761784649","url":"https:\/\/k12savings.com\/products\/margin-trading-from-a-to-z-isbn-9781119108511","provider":"K12savings","version":"1.0","type":"link"}