The Current Excess Liquidity figure shows your margin cushion, before liquidation.
- For the Securities segment of your account: Excess Liquidity = Equity with Loan Value - Maintenance Margin
- For the Commodities segment of your account: Excess Liquidity = Net Liquidation Value - Maintenance Margin
When your Current Excess Liquidity is negative, your account is no longer meeting the minimum Maintenance Margin required to hold on to the open positions and we may start liquidating any open position to return the account to margin compliance.
NOTE
- In accounts that have two segments (both a securities and a commodities segment), the Current Excess Liquidity value displayed is the total value for both segments. A positive (or negative) Excess Liquidity value does not indicate a positive (or negative) value in any one segment. This means that the Excess Liquidity value absolutely should not be used to manage margin or understand the margin cushion for an individual segment. It is important that you check the value for each segment to be sure you are within margin compliance limits. To see values for each segment, use the Account Window.
To view Current Excess Liquidity for individual segments in the Account Window:
Desktop TWS: In the Account window, review the "US Securities" and "US Commodities" columns in the Available for Trading section.
Mobile: In the Account screen, tap the Funds tab to see the Excess Liquidity net value. In the Available Funds title at the top of the screen, tap "Total USD" once to see "US Securities USD" segment. Tap again to see "US Commodities USD" segment. Tap a third time to return to the net value.
Client Portal: Open your Portfolio from the top menu and you will find the net Current Excess Liquidity value in the dashboard. Click "Details+" to expand the view, and you will see the "US Securities" and "US Commodities" columns in the Excess Liquidity row of the Margin Requirements table.
Additional Information