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Excess margin

Business Excess kurtosisExcess reserves

EXCESS MARGIN - Equity present in an individual's account above the legal minimum required for a margin...
EXCESS NET COLLECTED BALANCE - balances which may be used to support other services ...

 


Excess Margin
Equity in a customer's margin account at a brokerage firm that is above the Regulation T minimum or the New York Stock Exchange maintenance requirement.

Excess margin stocks: The stocks held in a margin account whose market value causes the equity in the customer's account to be more than 140% of the debit balance in the account.

Excess kurtosis means that distribution has fatter tails than a normal distribution. Fat tails means there is a higher than normal probability of big positive and negative returns realizations.
Excess margin ...

Rule 15c3-3: Customer-protection reserves and custody of securities regulates the handling of customers' fully paid securities and excess margin securities (security value in excess of margin requirement) with broker-dealers.

See also: Margin account, Securities act, Convertible securities, Ex-Rights, Banks

Business Excess kurtosisExcess reserves

 
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