The balance of any credits or debits in your margin account. The total dollar value of your unswept or intra-day cash, money market funds, bank deposit accounts, and net credit or debit balances you hold in the Schwab account you have selected to view. If you sold the new position on Thursday the 4th, or anytime there after, no additional funds would be required. However, if you sold the newly purchased security prior to the settlement date (Thursday the 4th), you would then be required to deposit funds to pay for the purchase. This will result in a 90-day settled cash-up-front restriction.ĮXAMPLE: If you sold a fully paid for security on Monday the 1st, you could use the proceeds to purchase new a security prior to the settlement day of Thursday the 4th (3 day settlement). If no additional funds are deposited within 5 business days of the purchase, the sale of these securities will constitute a "free ride" under Federal Reserve Regulation T. If these securities are sold prior to settlement of the financing sale then additional funds will be required to be deposited in the account to cover the cost of the newly purchased securities. Securities purchased using unsettled funds, should not be sold prior to the settlement of the funds used to purchase these securities (generally 3 business days after the sale of the security which generated the funds).
STREETSMART EDGE AKAMAI FULL
However, if unsettled funds are used to purchase securities and the customer sells the securities prior to making full payment, these newly purchased securities may be subject to special requirements. ( Click here for more information on unsettled funds and trade violations.) If a security is purchased using settled funds, there are no requirements surrounding the timeframe of when the newly purchased securities can be sold. Settled funds may be used for purchases of securities.
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This value includes the cash balance in your account, plus the maximum amount you can borrow against marginable securities held in your margin account. The amount is a combination of credits in the account less any cash on hold.Ĭash + Borrowing: The maximum amount you can withdraw from your account to by requesting a check or transferring funds to another account. Using cash: The maximum amount of money you can withdraw without accessing margin borrowing. Click Buying Power Details to understand this value for all security types.
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Using cash: The maximum amount of money in your account that you can use to trade without creating a request for the deposit of additional funds.Ĭash + Borrowing: Also known as "Margin Buying Power", this is the amount of money you can use to trade marginable equities using cash and the margin feature of your account. This includes your trading activity, as well as deposits and withdrawals. Indicates the change in account value from the previous trading day's close. The sum of your securities, unswept or intra-day cash, money market funds, bank deposit accounts, and net credit or debit balances in your account. Select the save location and enter a name for the export file, if you wish to change it from the default, and click Save.
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txt formats from the Actions menu or by right-clicking within the Balances display. Margin Calls: If you receive a margin call, the value of the call will display in red at the top of the StreetSmart Edge™ screen on the Balances Bar, below your account number. Margin Accounts: If you have a margin account, the Balances tab includes a Margin Buying Power figure. Get a demonstration and more information on using the Balances tab. View detailed balance information in the Account Detail tool, or for a constant, at-a-glance view, you can display certain balance details across the top of your screen in the Balances Bar.
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All balances are automatically updated every minute or after a transaction, whichever happens first. View vital account information in the Balances tab.