In determining the portion of a client's cash balance eligible to be carried in the Insured Bank Deposit Sweep Program, the following balances are excluded:
- Unsettled cash balances;
- The first $250,000 of settled cash maintained in the securities segment of the account (insured by SIPC);
- Balances held in the commodities segment of the account (not eligible for SIPC insurance);
- Settled cash equivalent to the market value of short stock positions (represents collateral posted with the lender to secure the return of borrowed shares)