What transactions could create an Intraday Margin Deficit (IMD)?

An Intraday Margin Deficit (IMD) is defined as the largest maintenance margin deficiency with respect to any excess liquidity reducing transaction in a margin account during a given trading day…

An Intraday Margin Deficit (IMD) could occur when a maintenance margin deficiency exists at the time of, or immediately after, any of the following transactions in a margin account:

• Any purchase or sale effected in the account, including as the result of the exercise or assignment of an option, that has the effect of reducing the account’s excess liquidity…

Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, closing trades may contribute to satisfying an Intraday Margin Deficit (IMD) if they result in an increase in the account's excess liquidity…

No, excess funds in another account cannot automatically be applied to satisfy an Intraday Margin Deficit (IMD). If there is excess in another account, the customer must transfer those excess funds to the account with the IMD in order to satisfy it…