Excess Net Capital definition
Excess Net Capital of any Person means the net capital as shown on line 3910 of the FOCUS-II Report for such Person.
Excess Net Capital means the amount shown on the relevant date of determination, under the heading “Computation of Alternative Net Capital Requirement” as shown on Broker/Dealer’s Financial and Operational Combined Uniform Single (FOCUS) reports, or under such other line on Broker/Dealer’s FOCUS reports pursuant to which Broker/Dealer reports its excess net capital.
Excess Net Capital means, as of any date the same is to be determined, the Borrower’s net capital as shown on line 3910 of the Borrower’s most recent FOCUS Part 2 report.
Examples of Excess Net Capital in a sentence
Maintain at all times in the aggregate minimum Excess Net Capital of at least $2,234,479,627.
More Definitions of Excess Net Capital
Excess Net Capital means, at any time, “excess net capital” computed in accordance with Rule 15c3-1.
Excess Net Capital means the aggregate regulatory net capital, as defined in the applicable Capital Requirements, in excess of the aggregate required net capital under the Capital Requirements, as shown on the Borrower’s SEC Forms 10-Q and 10-K.
Excess Net Capital means, as of any date the same is to be determined, the net capital of the Regulated Subsidiaries on a consolidated basis as shown on line 3910 of their respective most recent FOCUS Part 2 report.
Excess Net Capital means net capital reduced by the minimum capital required to be maintained as determined by subrule (12)(b);
Excess Net Capital means, the amount by which all Capital exceeds the Minimum Net Capital, which in no event shall be less than zero.
Excess Net Capital means excess net capital as shown (i) on line 3610 of the RJO’s monthly CFTC Form 1-FR-FCM Statement of the Computation of the Minimum Net Capital Requirements; and (ii) on line 3910 of StoneX’s FOCUS Part 2.
Excess Net Capital means, as at any date, the amount of Net Capital of ▇▇▇▇▇▇▇▇▇▇ & Co. as at such date that is in excess of the minimum amount of Net Capital that ▇▇▇▇▇▇▇▇▇▇ & Co. is required to have at such date under the Net Capital Rule.