View vital account information in the Balances tab.
|Account Value||The sum of your securities, unswept or intra-day cash, money market funds, bank deposit accounts, and net credit or debit balances in your account.|
|Day Change||Indicates the change in account value from the previous trading day's close. This includes your trading activity, as well as deposits and withdrawals.|
|Securities||The total values of all long and short securities positions, including options, in the margin and cash accounts. A combined net value for the margin and cash accounts is also provided.|
|Securities (Long) Market Value||The total marked-to-market value of your long positions.|
|Securities (Short) Market Value||The total marked-to-market value of your short positions.|
|Options (Long) Market Value||The total marked-to-market value of your long option positions.|
|Options (Short) Market Value||The total marked-to-market value of your short option positions.|
|Investments Total||The Total Market Value of all securities and options positions in the account.|
|Cash & Cash Investments||The net Cash balance in your Schwab account.|
|Portfolio Margin Excess||
The maximum amount you can withdraw from your account to by requesting a check or transferring funds to another account. This value includes the cash balance in your account, plus the maximum amount you can borrow against marginable securities held in your margin account.
Note: Recent deposits earn interest and are available for most types of trading activity, but are not reflected in your authorization limit until they are cleared. This value is only shown in accounts with a margin feature. You will be charged interest on any amount you borrow that exceeds the Available Cash in the account.
|Cash on Hold||The cash on Hold only displays an amount if your account has any cash placed on hold. A possible reason for cash being placed on hold in a pledged account could be due to trades placed in the account that could change the pledge required amount. You will be notified of any changes in your pledged required amount.|
|Margin Equity||The dollar value of marginable securities in your margin account, less the amount you owe Schwab, plus any cash in your margin account. This is the liquidation value of your margin account, but does not include option positions, segregated money market funds, or cash not held in the margin account. Margin Equity represents the total amount you invested in securities plus any excess cash, minus funds borrowed on margin.|
|Equity Percent||The dollar value of marginable securities in your margin account, less the amount you owe Schwab, plus any cash in your margin account. This is the liquidation value of your margin account, but does not include option positions, segregated money market funds, or cash not held in the margin account. Margin Equity represents the total amount you invested in securities plus any excess cash, minus funds borrowed on margin.|
|Option Requirement||Funds that may not be used for new trades or withdrawal because these funds are meeting firm and/or industry guidelines for open option positions.|
|Cash Secured Equity Put Requirement||Displays the Cash Secured Requirement, 100% of assignment value of the put position, when a Cash Secured Equity Put is in the account. This balance will only display if there is a cash secured equity put requirement on your account.|
|Option Spread Requirement||Amount of Cash set aside to cover the spread margin requirement. This balance will only display if there is a spread requirement on your account.|
|Balance Subject to Margin Interest||Balance Subject to Margin Interest is the total account balance as of the previous business day used to calculate the margin interest charged on your account. This balance includes any unpaid-for purchases that have settled, the amount it would cost to buy back any securities that you have sold short (short options excluded) and month-to-date margin interest, minus any settled credits to your account (e.g., stock sales that have settled, cash deposits received, etc).|
|Month to Date Interest Owed||The amount of margin interest you owe Schwab, accrued from the beginning of the interest period through the date of your inquiry. The interest period begins on the second to last day of each month.|
|Cash & Cash Investments (to Withdraw)||The maximum amount of money you can withdraw without accessing margin borrowing. The amount is a combination of credits in the account less any cash on hold.|
|Cash & Cash Investments (to Trade)||The maximum amount of money in your account that you can use to trade without creating a request for the deposit of additional funds.|
Trading in the Margin Account
Trading on margin does not require settled funds. If 100% of the trading activity occurs on margin, there will be no difference between the settled funds to trade balance and the total available to trade balance. Traders who fit this profile will not be affected by the special requirements that may result from Cash Account trading activity.
Traders who occasionally trade non-marginable securities in the Cash Account should continue reading. Settled funds are:
Settled funds may be used for purchases of securities. If a security is purchased using settled funds, there are no requirements surrounding the timeframe of when the newly purchased securities can be sold. (Click here for more information on unsettled funds and trade violations.)
However, if unsettled funds are used to purchase securities and the customer sells the securities prior to making full payment, these newly purchased securities may be subject to special requirements. Securities purchased using unsettled funds, should not be sold prior to the settlement of the funds used to purchase these securities (generally 2 business days after the sale of the security which generated the funds).
If these securities are sold prior to settlement of the financing sale then additional funds will be required to be deposited in the account to cover the cost of the newly purchased securities. If no additional funds are deposited within 5 business days of the purchase, the sale of these securities will constitute a "free ride" under Federal Reserve Regulation T. This will result in a 90-day settled cash-up-front restriction.
Example: If you sold a fully paid for security on Monday the 1st, you could use the proceeds to purchase new a security prior to the settlement day of Wednesday the 3rd (2 day settlement). However, if you sold the newly purchased security prior to the settlement date (Wednesday the 3rd), you would then be required to deposit funds to pay for the purchase.
|Cash + Borrowing||Also known as "Margin Buying Power", this is the amount of money you can use to trade marginable equities using cash and the margin feature of your account. This value is only shown in accounts with a margin feature. You will be charged interest on any amount you borrow that exceeds the Available Cash in the account.|
A Special Memorandum Account (SMA) is a special account authorized by the Federal Reserve Board to preserve Buying Power in your margin lending account. It reflects any excess equity you have above the required amount (e.g. 50 percent for marginable equities). The SMA figure is part of the calculation used to determine your Margin Buying Power.
Unlike a credit balance or market value, SMA is a bookkeeping entry that reflects a history of the excess equity above the required minimum for Regulation T, plus all of the charges and releases from the past activity in the account. Once the SMA has been credited with any excess equity, it remains available until used for opening new security positions or a withdrawal of marginable securities or cash. The SMA is retained even if the market value of securities held on margin subsequently declines, which could result in an SMA figure greater than your margin Cash Available (this is known as "inflated SMA"). A Fed Call is generated when a trade occurs in an account that does not have sufficient SMA to satisfy the initial requirement of the Federal Reserve.
|Options Buying Power||
Cash available to open non-marginable securities and options .
Note: For cash accounts, stock buying power and option buying power is combined in one line as Buying Power.
|Stock Buying Power||Represents amount available to open fully-marginable securities (For accounts with day trading margin enabled, the Stock Buying Power is four times margin excess.)|
|Available to Day Trade||Available to Day Trade is the maximum dollar amount of fully marginable securities that can be held intraday including funds swept into interest bearing features of your brokerage account, like the Bank Sweep Feature.|
|Day Trade Buying Power||
Day Trading Buying Power is the maximum dollar amount of fully marginable securities that can be held intraday. It does not include leverage from funds swept into interest bearing features of your brokerage account, like the Bank Sweep Feature.