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