IB Account Statements

Discussion in 'Retail Brokers' started by moonwalker, Jan 22, 2004.

  1. 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.

    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
  2. ktm


    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.
  3. thanks a lot
  4. will I be able to use this cash from a sold security immediately after selling it?
  5. Sittas


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