IB Account Statements

moonwalker · Jan 22, 2004

Hi I have a question regarding the monthly account statement.

I would like to send this to IB but there Help Form do not work so may be I find some help here.

Question:
On the monthly account statements there is a point "Ending Settled Cash" How is this value calculated? Its different from the "Ending Cash"
I know all the other points and how to calculate them but not the value of "Ending Settled Cash" ?

Thanks for help

ktm · Jan 22, 2004

Settled Cash is that which can be taken out.

For example...

Equity trades may take 3 days to clear etc... So if you close an equity position yesterday, your "cash" will reflect it immediately, but not your settled cash - until the third day.

moonwalker · Jan 23, 2004

thanks a lot

josecruset · Jan 23, 2004

will I be able to use this cash from a sold security immediately after selling it?
Thanks.

Sittas · Jan 23, 2004

yes, you can

Hurricane · Jan 23, 2004

You can use the cash unless you are a "pattern day trader". This categorization affects some accounts less than $25k (?).

IB Account Statements

moonwalker

ktm

moonwalker

josecruset

Sittas

Hurricane