One of the members in our club has about $ 7000 in the club. He wants to borrow (and not to withdraw) about $ 5000 to cover his margin in a brokrage account. He is promising to return the money within a month. He will pay whatever margin interest we have to pay to get this money. Rather than selling some stock, we can borrow on margin from Club's borkergae account. My questions are -1. We are allowing this to happen as an exception but is this practice common with investment clubs ?2. How to handle it from accounting point of view ?Any feedback on this is greatly appreciated.Keith
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