Equity With Loan Value

We compute the Net Liquidation Value for specific account segments as follows:

• Securities: Net Liquidation Value = Total cash value + stock value + securities options value + bond value + funds value
• Commodities: Net Liquidation Value = Total cash value (which includes futures P&L) + commodities options value…

Below is a listing of some of the more commonly used margin terms:

Equity with Loan Value (ELV) …

To avoid the restriction which limits you to 3 day trades over any 5 day moving period, your account must maintain a Securities Net Liquidation Value of at least USD 25,000, where Net Liquidation Value includes cash, stocks, ETFs, funds, bonds and options held in the Securities segment of your account…

Equity with Loan Value, abbreviated as either ELV or EWL, forms the basis for determining whether a client has the necessary assets to either initiate or maintain security positions.

The ELV formula for the securities segment of the Universal Account is as follows:…