Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, a deposit after the day of the Intraday Margin Deficit (IMD) must remain in the account until the end of the day of the deposit in order to be applied to the IMD.
Please Note
- That deposits and withdrawals after the date of the IMD are netted. An IMD for a day is satisfied if, from the end of such day to the end of a subsequent day, the customer has made net deposits or otherwise caused an increase in the account’s excess liquidity, sufficient to equal such IMD. Net deposits or increases in excess liquidity may satisfy multiple outstanding IMD for the same margin account.