| Balance | Description | Update Frequency |
|---|---|---|
| Margin Equity | The value of all securities held in margin, minus the amount of in-the-money covered options and margin debt (if any) in the account. | Real-Time |
| House Surplus/Call | A House Surplus is the amount of margin equity in the account above the Fidelity minimum requirement (which ranges from 30% to 100%). If the margin equity in the account falls below Fidelity's minimum requirement, this value will be reflected as a House Call. Generally, house calls must be met within 5 business days, but Fidelity may cover the call at any time. | Real-Time |
| Exchange Surplus/Call | An Exchange Surplus (also known as NYSE Surplus) is the amount of margin equity in the account above the NYSE minimum requirement (currently 25%). If the margin equity in the account falls below 25%, this value will be reflected as an Exchange Call. Generally, exchange calls must be met within 48 hours, but Fidelity may cover the call at any time. | Real-Time |
| SMA/Fed Call | Special Memorandum Account/Federal Call. When the margin equity in the account exceeds the federal "Reg T" requirement of 50%, the amount in excess of the requirement is referred to as the SMA. If the Reg T initial requirement is not met, a Fed Call is issued against the account. Generally, Fed Calls must be met within 5 business days, but Fidelity may cover the call at any time. | Intraday |
| Additional Buying Power | ||
| Day Trade Buying Power (Start of Day)/Minimum Equity Call | This balance field only applies to Pattern Day Trade accounts. It represents a start of day value and does not update during the course of the trading day to reflect trade executions or money movement. A Pattern Day Trade account is required to maintain minimum margin equity of $25,000. If the margin equity falls below this value, this field name will change to Minimum Equity Call and the value indicated is what is due to meet the minimum equity requirement. | Overnight |
| Cash Buying Power | The amount available to purchase securities in a Cash account without adding money to the account. An executed Buy order will reduce this value, and an executed Sell order will increase this value at the time the order executes. | Intraday |
| Settled Cash | The portion of your Cash (Core) balance that represents the amount you can buy and sell of a security in a Cash Account without creating a Good Faith Violation. This amount includes proceeds from transactions settling today minus unsettled buy transactions, short equity proceeds settling today and the intraday exercisable value of option positions. Additionally, uncollected deposits may not be reflected in this balance until the deposit has gone through the bank collection process which is usually 4 business days. | Intraday |
| Corporate Bonds | Margin buying power available to purchase Corporate Bonds. Most Corporate bonds are marginable, but margin requirements may vary based on the type of bond. | Intraday |
| Municipal Bonds | Margin buying power available to purchase Municipal Bonds. | Intraday |
| Government Bonds | Margin buying power available to purchase Government Bonds. | Intraday |
| Day Trade Call | A Day Trade Call is generated whenever an executed day trade exceeds the account's Day Trade Buying Power. Customers have 5 business days to meet the call. | Overnight |
| Additional Option Balances | ||
| Options in the Money | Options that have intrinsic value. A call option is considered "in-the-money" if the price of the underlying security is higher than the strike price of the call. A put option is considered "in-the-money" if the price of the security is lower than the strike price. | Real-Time |
| Cash Covered Put Reserve | The value required to cover short put option contracts held in a Cash account. Cash Covered Put Reserve is equal to the options strike price multiplied by the number of contracts purchased, multiplied by the number of shares per contract (usually 100). Cash Available to Buy Securities, Cash Available to Withdraw, and Available to Withdraw values will be reduced by this value. | Intraday |
| Cash Spread Reserve | The requirement for spread positions held in a retirement account. For debit spreads, the requirement is full payment of the debit. For credit spreads, it's the difference between the strike prices or maximum loss. A $5,000 minimum equity deposit is required in addition to the debit or credit requirement. | Overnight |
| Options Requirements | Margin requirements for single or multi-leg option positions. Your positions, whenever possible, will be paired or grouped as strategies, which can reduce your margin requirements. | Intraday |
For more detailed information about your account balances, you can expand the balances table by clicking Show All or you can expand an individual section by clicking the "+" sign to the left of any section name , or just clicking the name of the section. When the table is expanded for a detailed view of individual balance fields, the "+" sign becomes a "-" sign that you can click to collapse the table and return to the summary view. If all the sections of the balances table have been expanded (because you either clicked Show All or expanded each section individually), you can collapse the table and return to the summary view by clicking either Hide All or the "-" sign to its left.