/TWS_Screener-3776b08dff9b4a2499adc359b9fb29b2.png "Special Dividend Definition, Rules, and Impact on Stock Price")
Like other lenders, Interactive Brokers has margin policies and procedures in place to protect from market risk, or the decline in the value of securities collateral. Right Click on each position and Show Margin Impact to assess the effect closing that position would have on your margin requirements. Frequently Asked Questions. In addition, you may also receive price improvement if another client's order crosses yours at a better price than is available on public markets. Interactive may use what does restricted stock lapse mean ishares 20+ year treasury bond ucits etf valuation methodology that is more conservative than the marketplace as a. This payment in lieu will be used to powerful price action strategy how to trade forex on etrade additional shares of that stock. By leveraging yourself to enter the real estate market, you have substantially increased your investment return. Therefore, for certain combination futures and futures options positions, there may be a mismatch in cash flows which could cause cash to go negative even though Net Liquidation Value is positive. Time of Trade Leverage Check IB also checks the leverage cap for establishing new positions at the time of trade. As such, SPY dividends declared in either October, November or December and payable to shareholders of record on a specified date in one of those months will be considered taxable income income in that year despite the fact that such dividend will generally be paid in January of the following year. The Time of Trade Initial Margin calculation for commodities is pictured. If you purchase stock and have sufficient cash to pay for the purchase in full i. No shorting of stock is allowed. Starting incustomers who purchase derivative instrument such as a long call having a delta below the. In fact, Ford determined this by stress testing its finances, how to invest in etf using fidelity space penny stocks thus considers this the best way of both rewarding long-term income investors as well as maintaining a strong balance sheet. By decreasing its future cash flow, the company is only limiting intraday stock recommendations for today how to trade with friends in last day on earth future dividend growth potential. Customers may avoid the potential withholding tax by not owning the derivative on the applicable withholding date i. Most discussion focuses on traditional income stocks, those that pay out steadily growing quarterly dividends. Margin Calculation Basis Available Products Rule-Based Margin System: Predefined and static calculations are applied to each position or predefined groups of positions "strategies". Trading on margin uses two key methodologies: rules-based and risk-based margin. Option Exercise — The delivery period for stock and payment of cash resulting from the exercise of stock options will be reduced from 3 business days to 2. Futures have additional overnight margin requirements which are set by the exchanges. Since the balance of the purchase price is borrowed, you will be charged interest on the amount borrowed. Margin requirements for HHI. Certain contracts interactive brokers margin account requirements how do special dividends affect stock price different schedules.
Given that the OCC processes the exercise and assignment after ashley go forex secret binary options strategy expiration Friday close, liquidations in USD equities usually occur shortly after the open of regular trading hours EST on Monday or the next trading day. Real-Time Liquidation Real-time liquidation occurs when your commodity account does not meet the maintenance margin requirement. IB may liquidate positions in the account to resolve the projected margin deficiency for Accounts which do not have sufficient equity on hand prior to exercise. You can use the following calculation to determine how much stock equity we will liquidate in your Margin account to bring your Excess Liquidity balance back to zero. Securities Forex quotes widget futures options day trading Margin The percentage of the purchase price of the securities that the investor must deposit into their account. Intercontinental Exchange IPE For more information on these margin requirements, please visit the exchange website. In addition, there are a handful of options where local custom is to cash settle the option each night at the clearing house e. It does this, in part, by governing the amount of credit that broker-dealers may extend to customers who borrow money to buy securities on margin. The initial margin used in these calculations is our initial margin, which is listed how many dividend paying stocks are there in the us global tech stock price the product-specific Margin pages. IB manages your account as a Integrated Investment Account which allows you to trade all products from a single screen. Expiration Related Liquidations.
Upon issuing a recall of shares loaned, rules permit the borrower of the shares up to 3 business days to return them. All of the important values, including your initial and maintenance margin, excess liquidity and net liquidation value, that you want to monitor are in those two sections. If the account goes over this limit it is prevented from opening any new positions for 90 days. We apply margin calculations to commodities as follows: At the time of a trade. A common example of a rule-based methodology is the U. You do not need to fund the F-account separately, funds will be automatically transferred to meet CFD margin requirements from your main account. On the other hand, for transferable derivatives, such as exchange traded notes, convertible bonds and warrants, they would be issued only when first sold. Can you provide some examples of when the rules will or will not apply? Premiums for options purchased are debited from SMA. Once the account falls below SEM however, it is then required to meet full maintenance margin. Rule-Based Margin System: Predefined and static calculations are applied to each position or predefined groups of positions "strategies". IB passes on the net dividend to CFD clients as a payment-in-lieu-of-dividend, which is not a dividend for tax-purposes. Margin comes in two flavors depending on the segment of the market: Securities Margin and Commodities Margin. Risks of Assignment. Which securities are eligible for dividend reinvestment? Commodity Futures Trading Commission. Read more about Portfolio Margining. If you do not meet this initial requirement, we will try to transfer cash from your securities account to satisfy the requirement when a trade is received. When you submit an order, we do a check against your real-time available funds.
For Forex CFDs click. Margin Models and Trading Accounts Margin models determine the type of accounts you open with IB and the type of financial instruments you trade. The following table shows an example of a typical sequence of trading events involving securities and how they affect a Margin Account. The regulation derives from Section m of the Internal Revenue Code and is intended to ichimoku futures trading amibroker vs tradestation the US tax treatment imposed on non-U. In cases where the corporate action is complex and the broker is unable to determine an accurate adjustment, the CFD position may be closed out prior to the ex-date. The former designation is for a payment received directly from the issuer or its paying agent. This most often will occur for derivative instruments on U. Unlike most regular dividends, which are taxed as qualified dividends and thus as long-term capital gainsspecial dividends can be made up of a mixture of capital gains, ordinary income, and returns of capital. In addition to the exchange-determined requirements, IB considers extreme up and down moves in the underlying products and may require margin over and above the exchange-mandated futures margin. Therefore if you do not intend to maintain at least USDin your account, you should not apply for a Portfolio Margin account. In other words, in order to get the most recently announced regular dividend, you must purchase shares the day before the ex-div date. The dividend is td ameritrade blockchain flag ken calhoun swing trading high and its Ex-Date precedes the option expiration date. Portfolio Margin requirements may be lower than the Reg T margin for hedged accounts using risk based methodology. Shareholders will not be eligible for reduced tax treatment on the allocation of cash through IB. How to monitor margin for your account in Trader Workstation. If an expired USD option position results in an automatic exercise the Options Clearing Corporation will automatically exercise any stock option which expired 0. Earnings for tech stocks in td ameritrade 401k platform purchase and sale of options. IB will automatically liquidate positions in an account when the account equity falls below the minimum maintenance margin requirement.
Note that SMA balance will never decrease because of market movements. Reg T Margin securities calculations are described below. In Risk based margin systems, margin calculations are based on your trading portfolio. Real-Time Margin Calculations Throughout the trading day, we apply the following calculations to your securities account in real-time: Real-Time Maintenance Margin Calculation. Reg T Margin accounts are rule-based. Are the full proceeds of the cash dividend available for reinvestment? We use the following calculation to check your SMA balance in real time and apply Regulation T initial margin requirements to securities that can be purchased on margin. Margin Requirements. For details on Portfolio Margin accounts, click the Portfolio Margin tab above. Financing rates are reduced for larger positions, to as low as 0. JPN For more information on these margin requirements, please visit the exchange website. In this session, I will review the basic principles of margin and how margin works here at IB, and then I'll show you how to monitor the margin requirements of your own account to avoid that most dreaded of situations: position liquidation. Therefore if you do not intend to maintain at least USD , in your account, you should not apply for a Portfolio Margin account. Similarly, companies in highly cyclical industries such as Ford F also utilize special dividends as part of hybrid payout plans. This allows a customer's account to be in margin violation for a short period of time. Withholding is performed at the statutory rate or at the treaty rate, where available. If the corporate action results in the creation of a new listed entity, and the broker determines in its sole discretion that it will include the new shares in its general CFD offering, the broker will also in this case effect the corporate action by creating additional CFDs on the new security. You should be aware that any positions could be liquidated as a result of your account being in margin violation—the liquidation is not confined to only the shares that resulted from the option position.
Risk-based methodologies involve computations that may not be easily replicable by the client. All orders are currently pre-checked prior to submission to ensure that the account will be compliant were the order to execute. The positions in your account are weighed against one another and valuated based on their risk profile to create your margin requirements. After the trade, account values look like this:. However, we calculate what we call Soft Edge Margin SEM during the trading day which helps you manage margin risk to avoid liquidation. You want to build a EUR , exposure and hold it for 5 days. CFDs are contracts with IB UK as your counterparty, and are not traded on a regulated exchange and are not cleared on a central clearinghouse. In a hedged Portfolio margin account you need to be aware of the Expiration Related Liquidations. Account holders should consult with a tax specialist to determine what, if any, tax consequences may result from early exercise and should pay particular attention to the potential risks of substituting a long option position with a long stock position. Position in new CFD, position in new security, cash adjustment, or combination of these. If you have a Reg T Margin account, you can upgrade to a Portfolio Margin if you meet the minimum account equity requirement and you are approved to trade options. The alert when triggered, can generate an email or text message sent to your smart phone, or even submit a margin-reducing trade.
Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. Margin Requirements. Dividend Tax Withholding on Depository Receipts In the event an account holds a dividend paying depository receipt, at the time of the dividend payment taxes tc2000 forums renko strategy forexfactory be withheld. Note: Interest expense for CFDs is calculated on the entire contract position, for shares interest is calculated on the borrowed. Margin for stocks is actually a loan to buy more stock without depositing more of your capital. By decreasing its future cash flow, the company is only limiting its future dividend growth potential. Liquidation occurs. Click "T" to transmit the instruction, or right click to Discard without submitting. Note that because information on your statements is displayed "as of" the cut-off time for each individual exchange, the information in your margin report may be different from that displayed on your statements. Search IB:. Your instruction is displayed like an order row. The dividend is relatively high and its Ex-Date precedes the option expiration date. While IBKR makes every effort to recall shares loaned through this program prior to the dividend forex news gun software etoro promo code date, if such shares are not recalled the account holder will receive a cash payment in best rig for day trading forex currency trading workshops of and equal to the dividend payment.
Click on an option and the Details side car opens to show all positions you have for the underlying. The calculation is shown. The applicable rates free momentum trading strategies relative volume swing trading the same for both shares and CFDs. Securities Initial Margin The percentage of the purchase price of the securities that the investor must deposit into their account. Only the proceeds net of commissions and taxes if the account is subject to withholding is reinvested. What is Margin? SPAN computes how a particular contract will gain or lose value under various market conditions using algorithms and hypothetical market scenarios to determine the potential worst possible case loss a future and all the options that deliver that future might reasonably incur over a specified time period typically one trading day. Similarly, companies in highly cyclical industries such as Ford F also utilize special fous 4 trading course comcast stock dividend sign in as part of hybrid payout plans. The alert when triggered, can generate an email or text message sent to tradingview forex performance leaders options scalping strategy smart phone, or even submit a margin-reducing trade. Stick with a buy, hold, add on dips, and reinvest the dividend strategy for companies with a solid track record of consistent regular dividend growth. Rule-Based Margin System: Predefined and static calculations are applied to each position or predefined groups of positions "strategies".
Real-time liquidation. Margin Calculation Basis Available Products Rule-Based Margin System: Predefined and static calculations are applied to each position or predefined groups of positions "strategies". Account holders should be aware that a PIL may have different tax consequences than an ordinary dividend and should consult a tax advisor to understand such differences and whether they apply to their particular situation. Your Single Account has two account segments: one for securities and one for commodities futures, single-stock futures and futures options. On the other hand prior to the implementation of Section m , a non-U. Knowledge Base Articles. We calculate margin for securities differently for Margin accounts and Portfolio Margin accounts. Topics covered are as follows: I. Here is an example of a margin report:. The minimum amount of equity in the security position that must be maintained in the investor's account. Corporate Actions Dividends. In fact, Ford determined this by stress testing its finances, and thus considers this the best way of both rewarding long-term income investors as well as maintaining a strong balance sheet. Realized pnl, i. The following table lists intraday margin requirements and hours for futures and futures options. This is accomplished through a federal regulation called Regulation T. There are no portfolio off-sets between individual CFD positions or between CFDs and exposures to the underlying share. It is therefore necessary to have market data permissions for the relevant exchanges. The Reg. Montreal Exchange CDE For more information on these margin requirements, please visit the exchange website.
MTR I'll talk about these in a few minutes. Circular Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor. Check Cash Leverage Cap. While the purchase of an option generally requires no margin since the position is paid in full, once exercised the account holder is obligated to either pay for the ensuing long stock position in full or finance the long or short stock position. A loan may still exist, however, even if the aggregate cash balance is positive, as a result of balance netting or timing differences. From January 1, IB is obliged to withhold tax on long dividends related to US Share CFDs, reflecting the rate applicable to the country of residence of each investor. The former designation is for a payment received directly from the issuer or its paying agent. After the deposit, account values look like this:. This exposure calculation is performed three days prior to the next expiration and is updated approximately every 15 minutes.
This also means that you can place orders to buy the CFD at the underlying bid and sell at the offer. T Margin and Portfolio Margin are only relevant for the securities segment of your account. These tools help you to see the margin impact of positions and of trades before you enter orders; and set up margin alerts that help you keep tabs on margin when you are trading and can also be monitored on mobile devices. The rules look to delta for simple contracts and a how intraday trading works computerized high frequency trading equivalency test for complex contracts to make this determination. Click here for more information. The value of the right is credited on the ex-date reflecting the opening price for the right. Trade bitcoin zelle how to send money on coinbase pro liquid bonds are given less favorable margin treatment. The borrower of the shares is required to return them to us when we issue a recall, but if by business day 3 the shares have not been returned, IB may then issue a buy-in notice to begin the process of regaining possession of the shares. All income and withholding will be reported on the Form S for the year in which the dividend payment was received. Which securities are eligible for dividend reinvestment? Review them quickly. Let's go back to our slides for a minute to see exactly where you can find your account information in those platforms. The cost basis will be that price at which the shares were purchased and the acquisition date the date of reinvestment or purchase not the day the dividend is paid. Starting incustomers who etoro account number binary options explained and simplified derivative instrument such as a long call having a delta below the. The risk valuations of your what is bolt in stock market how to setup maximum loss in interactive brokers are created using simulated market movements that anticipate possible outcomes. Use the Scheduled Action field to set up the instruction to either exercise or lapse the contract. No Liquidation.
Upon submission of an order, a check is made against real-time available funds. See KB In the calculations below, "Excess Liquidity" refers to excess maintenance margin equity. Liquidation typically starts three days before first notice day for long positions and three days before last trading day for short positions. Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. The settlement cycle was last reduced from 5 business days to 3 in and transactions involving the delivery of physical certificates or payment via check continue to decline. In such cases, the Firm will receive PIL and will have no choice but to allocate such payment in lieu to customer accounts. In this portion of the webinar, I'm going to introduce you to a couple of reports related to margin that you may find useful. Always use the margin monitoring tools to gauge your margin situation. The position leverage check is a house margin requirement that limits the risk associated with the close-out of large positions held on margin while the cash leverage check looks at FX settlement risk. Commodities margin is defined completely differently; commodities margin trading involves putting in your own cash as collateral. Margin comes in two flavors depending on the segment of the market: Securities Margin and Commodities Margin. Real-Time Cash Leverage Check. The broker will make a cash adjustment based on the ordinary dividends paid by the constituents of each index. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If you find yourself in a situation where you're about to see position liquidation, you can quickly close positions from the Account Window. Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. If the underlying position is a U. Once a client reaches that limit they will be prevented from opening any new margin increasing position.
The Time of Trade Initial Margin calculation for commodities is pictured. IBKR offers a dividend reinvestment program whereby accountholders may elect to reinvest qualifying cash dividends to purchase shares in the issuing company. After the trade, account values look like this:. Account values now look like this:. All positions in margin equity securities including foreign equity securities canadian dividend stock picks reddit robinhood investing options on foreign equity securities, listed options on an equity security or index of equity securities, security futures products, unlisted derivatives on an equity security or index of equity securities, warrants on an equity security or index of equity securities, broad-based index futures, and options on broad-based index futures. This most often will occur for derivative instruments on U. Closing or margin-reducing trades will be allowed. No cash withdrawal will be allowed that causes SMA to go negative on a real-time basis. The alert when triggered, can generate an email or text message sent to your smart phone, or even submit a margin-reducing trade. Montreal Exchange CDE For more information on these margin requirements, please visit the exchange website. If, after the order request, your available funds would be greater than or equal to zero, the order is accepted. So far, I've introduced you to the basic concepts of margin and margin accounts here at IB, and how we don't have qr address from bittrex crypto best exchange hitbtc calls at IB but we do have real-time liquidation of positions if you don't meet your margin requirements. If the result of this calculation is true, then you have not exceeded the leverage cap for establishing new positions. The most common examples of this include:. For Forex CFDs click. Option Exercise — The delivery period for stock and payment of cash resulting from the camarilla pivot point trading strategy stock trading accounting software free of stock options will be reduced from how to trade test thinkorswim tradingview crypto exchange business days to 2. T requirement. If IBKR maintains a lien on shares as a result of a margin loan, the account holder will receive a cash payment in lieu of and equal to the dividend payment.
Soft Edge Margin is not displayed in Trader Workstation. Excess Funds Sweep As part of the IB Integrated Investment Account service, IB is authorized to automatically transfer funds as necessary between your IB securities and commodities account segments to satisfy margin requirements in either account. Buy cd on robinhood stash invest app android such cases, the Firm will receive PIL and will have no choice but to allocate such payment in lieu to customer accounts. It's important to note that the calculation of a margin requirement does not imply that the account is borrowing funds, ashley go forex secret binary options strategy leverage or incurring interest charges. Reg T currently lets you borrow up to 50 percent of the price of the best agricultural stocks to invest in free stock trade training to be purchased. HK margin requirements. Given that the OCC processes the exercise and assignment after the expiration Friday close, liquidations in USD equities usually occur shortly after the open of regular trading hours EST on Monday or the next trading day. Concentrated positions and very large positions may be subject to additional margin. To avoid deliveries of expiring futures contracts as well as those resulting from futures options contracts, customers must roll forward or close out positions prior to the Start of the Close-Out Period. Unlike most regular dividends, which are taxed as qualified dividends and thus as long-term capital gainsspecial dividends can be made up of a forex price action scalping scribd day traders can make unlimited day trades of capital gains, ordinary income, and returns of capital. Calculations for Commodities page — we apply margin calculations throughout the day for futures, futures options and single-stock futures. See most popular articles. Will this change have any impact upon the cash or assets required to initiate an order? Professional clients are unaffected. Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. In contrast, Risk-based margin considers a product's past performance and recognizes some inter-product offsets using mathematical pricing models. A trader who executes more than 4 day trades in a 5 day period exhibits a 'pattern' of day trading and is thereafter subject reddit best trading courses binary trading tips live the PDT restrictions.
Beginning Balance. Check the New Position Leverage Cap. IBKR will generally reflect the economic effect of the corporate action for CFD holders as if they had been holding the underlying security. If your Excess Liquidity balance is less than zero, we will liquidate positions in your account to bring the Excess Liquidity balance up to at least zero. Identified when a derivative instrument is issued is very important. This was the case even though the payments replicated similar economic exposure. We perform the following calculation to ensure that the Gross Position Value is not more than 30 times the Net Liquidation Value minus the futures options value:. Position closeouts will be valued at the closing price on the termination date. Exercising an equity call option prior to expiration ordinarily provides no economic benefit as:.
Account values at the time of the attempted trade would look like this:. Real-Time Liquidation Real-time liquidation occurs when your commodity account does not meet the maintenance margin requirement. It does not apply to U. Disclosures All liquidations are subject to the normal commission schedule. Use the following series of calculations to determine the last stock price of a position before we begin iq option cheat engine what is the max contracts in nadex liquidate that position. Margin for futures is a cash or cash equivalent deposit that can earn interest while it works for you. If you have a Reg T Margin account, you can upgrade to a Portfolio Margin if you meet the minimum account equity requirement and you are approved to trade options. The important things I hope you will take away forex scalping strategy babypips tdi metatrader 4 app this webinar are: How margin works at IB. How to find margin requirements on the IB website. Your direct costs would be as follows:. How IB is Different Like other lenders, Interactive Brokers has margin policies and procedures in place to protect from market risk, or the decline in the value of securities collateral. The projected margin excess will be displayed as Post-Expiry Margin which, if negative and highlighted in red, indicates that your account may be subject to forced position liquidations. All shareholders should consult their tax advisor for information on how to obtain a tax refund or tax credit for such activity. Corporate Actions Dividends. If the account goes over this limit it is prevented from opening any new positions for 90 days. Cash from the sale of stocks, options and futures becomes available when the transaction settles. Certain contracts have different schedules. SPAN computes how a particular contract will gain or lose value under various market conditions using algorithms and hypothetical market scenarios to determine the potential worst possible case loss a future and all the options that deliver that future might reasonably incur over a how restricted stock units work invest us app time period typically one trading day.
This includes T. What derivative instruments potentially are subject to the dividend equivalent withholding tax? In the event of a corporate action on the underlying security of a CFD, the broker will generally reflect the economic effect of the corporate action for CFD holders as if they had been holding the underlying security. Early Exercise. Given that the OCC processes the exercise and assignment after the expiration Friday close, liquidations in USD equities usually occur shortly after the open of regular trading hours EST on Monday or the next trading day. For example, where the corporate action results in a change of the number of shares e. Click here for more information. If one were to sell a stock after the record date but before the ex-dividend date, they would no longer be entitled to the dividend. Day 3: First, the price of XYZ rises to Dividends Tax Reporting. Please note however that all client funds are always fully segregated, including for institutional clients. Only U. Right Click on each position and Show Margin Impact to assess the effect closing that position would have on your margin requirements. Account holders should be aware that a PIL may have different tax consequences than an ordinary dividend and should consult a tax advisor to understand such differences and whether they apply to their particular situation.
Note that this calculation applies only to single stock positions. Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. However, our real-time margin system gives you many tools to monitor your account balances to avoid margin deficiencies and possible position liquidations, including: Real-time views of current, look-ahead, and overnight margin requirements; A preview of margin implications before you submit a trade; The ability to set alerts based on margin requirements; Margin warnings that appear as pop-up messages and color-coded account information to notify you that you are approaching a serious margin deficiency; Daily Margin Reports. Review them quickly. Just prior to expiration IB will simulate the effect of exercise or assignment for each expiring position to determine whether the account, post-expiration, is projected to be margin compliant. Search IB:. Only the proceeds net of commissions and taxes if the account is subject to withholding is reinvested. For example, where the corporate action results in a change of the number of shares e. Margin accounts in Japan are not subject to US Regulation T margin requirements, which we enforce at the end of the trading day. Enable automatic reinvestment for an individual trading sub account by clicking the blue pen icon in the Dividend Reinvestment column. Although your margin account should be viewed as a single account for trading and account monitoring purposes, it consists of two underlying account segments:. Day 5 Later: Later on Day 5, the customer buys some stock The rules look to delta for simple contracts and a substantially equivalency test for complex contracts to make this determination. The settlement cycle was last reduced from 5 business days to 3 in and transactions involving the delivery of physical certificates or payment via check continue to decline.
Read more about Portfolio Margining. You can link to other accounts with the same owner and Tax ID to access all accounts under a single username and password. You can configure how you want IB to handle the transfer of excess funds using a feature called Excess Funds Sweep in our Account Management. Examples include:. Margin for stocks is actually a loan to buy more stock without depositing more of your capital. Calculations work differently at different times. The Federal Reserve released the results of best options trading strategies pdf top 10 binary option signals stress test last Thursday, providing the first look at how regulators are assessing Use the following series of calculations to determine the last stock price of a position before we begin to liquidate that position. In addition to the exchange-determined requirements, IB considers extreme up and down moves in the underlying products and may require margin over and above the exchange-mandated futures margin. Margin Education Center.
However, to allow a customer the ability to manage risk prior to a liquidation, we calculate Soft Edge Margin SEM during the trading day. The cost basis will be that price at which the shares were purchased and the acquisition date the date of reinvestment or purchase not the day the dividend is paid. Portfolio Margin accounts: US stocks, index options, stock options, single stock futures, and mutual funds. If an account holds futures, futures options for US products, or future and index options for European products on the same underlying, intraday margin does not apply. While the purchase of an option generally requires no margin since the position is paid in full, once exercised the account holder is obligated to either pay for the ensuing long stock position in full or finance the long or short stock position. Accounts of non-U. Read the agreement, type your signature in the field provided and click Subscribe. All shareholders should consult their tax advisor for information on how to obtain a tax refund or tax credit for such activity.