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| Securities
Credit
and
Lending |
| In
addition
to
margin
loans,
Northern
Capital
offers
clients
a
set
of
asset
based
credit
products
secured
by
the
value
of
securities
held
in
their
investment
account,
including
(LIBOR)-based
Credit
Lines
and
Letters
of
Credit
in
U.S.
Dollars
or
selected
foreign
currencies. |
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A
line
of
credit
offers
clients
the
opportunity
to
borrow
money
for
their
personal
needs
without
selling
their
investments
or
disrupting
their
investment
strategy.
Clients
typically
use
a
Premier
Line
of
Credit
for
many
purposes,
including:
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Investing
in
real
estate
–
investment
property,
vacant
land,
a
vacation
home; |
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Repaying
more
expensive
debt
with
another
lender; |
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Investments
in
a
new
or
existing
business
venture; |
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Buying
out
partners; |
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Purchasing
artwork,
an
airplane
or
yacht;
and |
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Unexpected
tax
payments. |
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Our
line
of
credit
is
optimized
to
meet
the
borrowing
needs
of
clients
who
require
at
least
$500,000
in
credit
and
has
several
potential
benefits
for
clients:
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The
interest
rates
are
based
on
LIBOR
(plus
a
spread)
and
could
potentially
be
lower
than
other
lending
or
credit
products; |
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A
line
of
credit
is
a
credit
line
that
a
client
can
borrow
against
or
pay
off
whenever
they
want; |
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There
is
some
flexibility
in
what
client
assets
can
be
used
as
collateral; |
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The
client
may
elect
a
variable
or
fixed
rate
option; |
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In
certain
circumstances,
the
interest
charges
may
be
tax-deductible
depending
on
how
the
funds
are
used
(clients
should
consult
with
their
tax
advisor); |
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Securities-based
lending
can
simplify
client’s
finances
by
reducing
the
number
of
statements
he
or
she
receives
by
consolidating
existing
credit
lines. |
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Company
Information
