Brokerage Products: Not FDIC Insured No Bank Guarantee May Lose Value
Prices and Market Values are real-time and based on NASDAQ Last Sale or a consolidated market quote unless otherwise indicated.
The Available Cash Balance reflects the aggregate amount of your brokerage account(s), money market funds, un-swept or intra-day cash, credit or debit balances for the account(s) displayed. Insured Bank Network accounts are held at the [FDIC-insured] depository institution(s) referenced on the Balance detail page of your account statements, and disclosed in your account documents. Securities products (including un-swept or intra-day cash, net credit or debit balances and money market funds) offered by Charles Schwab & Co., Inc. (member SIPC) are not deposits or obligations of the [FDIC-insured] depository institution(s), are subject to investment risk, are not FDIC-insured, may lose value, and are not bank guaranteed. SIPC does not cover balances held at Sweep Banks in the Insured Bank Network feature.
Brokerage products are offered by Charles Schwab & Co., Inc. (Member SIPC) ("Schwab")
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Portfolio Net: This is the total account value for the selected account. This total is calculated at the time of initial login and updated with each refresh.
Available Cash Balance: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business.
Margin Balance: This is a combined dollar value of your margin account and special memorandum account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the separate account as required by Regulation T is available for your inspection. Securities purchases o margin are Schwab's collateral for the loan to you. It is important that you fully understand the risks involved in trading securities on margin. These risks include:
- You can lose more funds than you deposit in the margin account.
- Schwab can force the sale of securities or other assets in any of your account(s) to maintain the required account equity without contacting you.
- You are not entitled to choose which assets are liquidated nor are you entitled to an extension of time on a margin call.
- Schwab can increase its "house: maintenance margin requirements at any time without advanced written notice to you.
Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares. This is the dollar value of your present holdings in your specified Schwab Account or a summary of the Market Value summed over multiple accounts.
Short Balance: A short balance is the balance in your short account if you have short positions. The short account credit balance is initially equal to the sales proceeds of each short sell. After the short sale(s) settles, journal entries called "mark to market" adjustments are done daily to keep the short account credit equal to the cost of buying back the short position based on the previous day's closing price. Closing out all short positions may still result in a debit or credit in the short account until all trades have settled.