What is the difference between Excess Liquidity and Available Funds?

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…

IBKR adds House margins to the Initial margin requirement for a contract. If you hold a position that has a higher Initial margin than Maintenance margin, it is possible for your Available Funds to be negative while your Excess Liquidity is positive. Buying Power is projected as the current Available Funds (Equity with Loan Value less Initial Margin) times a multiple, so when your Available Funds is negative you will not be allowed to enter a margin increasing order…

Excess liquidity is a crucial metric in your Interactive Brokers (IBKR) account that represents the amount of additional funds available beyond what is required to maintain your current positions. It is calculated as:

• Securities segment Excess Liquidity = Equity with Loan Value - Maintenance Margin Requirement…

This value, often referred to as the "traders' cushion, is the difference between your account's Current Equity with Loan Value and Current Maintenance Margin, or ELV - Maintenance Margin Requirement…