
For residents of Europe trading mutual funds:
The complete margin requirement details are listed in the sections below.
The following calculations apply only to Margin and Cash Accounts.
The following table shows mutual fund margin requirements for initial (at the time of trade) and maintenance (when holding positions).
| Margin Account: Initial Margin |
Margin Account: Maintenance Margin |
Reg T End of Day | Cash Accounts | |
|---|---|---|---|---|
| Mutual Fund Long Position | ||||
| First 30 days: |
100% * Net Asset Value | 100% * Net Asset Value | 100% * Net Asset Value | 100% * Net Asset Value |
| After 30 days: | 25% * Net Asset Value 1 | 25% * Net Asset Value 1 | 50% * Net Asset Value 1 | 100% * Net Asset Value |
| Money Market Fund Long Position | ||||
| 1% * Net Asset Value 1 Cannot borrow against for 30 days (no debit balance) |
1% * Net Asset Value 1 Cannot borrow against for 30 days (no debit balance) |
1% * Net Asset Value 1 Cannot borrow against for 30 days (no debit balance) |
100% * Net Asset Value | |
| Short Positions | ||||
| N/A | N/A | N/A | ||
For Residents of Europe:
Use the following links to view other margin requirements:
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