Margin I: Introduction to Margin Regulations - Online

This course covers margin accounts and requirements, and also explains the rules and regulations that govern trading equities and bonds on margin. Topics covered include liquidations, withdrawals, substitutions, and SMA accounts. The course is intended for margin, compliance, and credit control personnel, as well as operations professionals who interface with margin/credit functions.

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.

Available TodayOnlineUSD$299
Instructional Method:
Self-Study
Level: Basic
CPE Credits: 6

Students will be able to:
  • Identify what margin is
  • Recognize regulations that govern margin
  • Identify types of security accounts
  • Identify specific securities that are marginable
  • Describe some of the risks and rewards of margin transactions
  • Explain the reasons for using margin
  • Review a typical Margin Agreement
  • Review initial and maintenance margin requirements
  • Identify the basic deposits required in a margin account for different kinds of transactions
  • Compute the Regulation T margin excess in the account
  • Explain how to account for multiple margin account transactions on the same day.
  • Identify the rules of liquidation/withdrawal.
  • Calculate when a customer will incur a maintenance margin call on long positions.
  • Calculate when a customer will incur a maintenance margin call on short positions.
  • Define buying power and identify how it is used.
  • Recall the steps a customer can take to meet maintenance margin calls.
  • Identify the steps a customer must take to meet Regulation T margin calls.
  • Recognize the functions of the Margin Department.
  • Explain how day-trading is handled in margin accounts.
  • Identify the types of bonds that are marginable.
  • State the requirements for marginable bonds.
  • Describe how accounts become restricted.
None
  • Margin II: Advanced Margin for Options - Online
    • Introduction to margin
    • Defining margin
    • Brief history of margin regulations
    • Types of accounts and marginable securities
    • Risks and benefits of using margin
    • The margin agreement

    Margin transactions

    • Basic margin account requirements
    • Computation of Regulation T and maintenance excess
    • Special memorandum account
    • Liquidations, withdrawals and substitutions

    Margin calls

    • Maintenance calls on long positions
    • Maintenance calls on short positions
    • Buying power
    • Meeting Regulation T and maintenance calls
    • Functions of the margin department

    Day-trading, bonds, and restricted accounts

    • Day-trading requirements and margin calculations
    • Margin requirements for bonds (convertibles, exempt securities, and non-convertibles)
    • Restricted accounts