What are fully-paid and excess margin securities?

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…

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…

There is no guarantee that all eligible shares in a given account will be loaned through the Stock Yield Enhancement Program as there may not be demand for certain securities, IBKR may not have access to a market with willing borrowers, IBKR may not want to loan your shares, or securities may not be considered to be excess margin (fully paid) securities…

The first step is to determine the value of securities, if any, which IBKR maintains a margin lien upon and can lend without client participation in the Stock Yield Enhancement Program. A broker who finances client purchases of securities via margin loan is allowed by regulation to loan or pledge as collateral that client’s securities which are in excess of the segregation requirement as determined under CIRO Rule 4316…