Tentative Net Capital definition
Tentative Net Capital means, as of any given date, tentative net capital as specified in Rule 15c3-1(c)(15) under the Exchange Act.
Tentative Net Capital means net capital after making deductions for illiquid assets but before applying deductions for market and credit risk charges. See Rule 15c3-1(c)(15).
Tentative Net Capital means, as of the relevant date of determination, an amount equal to (a) the amount shown in box number 3640 under the heading “Computation of Net Capital” as shown on the Broker/Dealer’s FOCUS Reports, or under such other line or box on the Broker/Dealer’s FOCUS Reports pursuant to which the Broker/Dealer reports its tentative net capital, whichever is applicable, minus (b) the amount of Loans then outstanding.
Examples of Tentative Net Capital in a sentence
At all times the Broker/Dealer shall maintain a Tentative Net Capital of at least Four Hundred Fifty Million Dollars ($450,000,000).
More Definitions of Tentative Net Capital
Tentative Net Capital means the net capital of the broker-dealer before deductions for market and credit risk, increased by the balance sheet value (including counterparty net exposure) resulting from transactions in derivative instruments that otherwise would be required to be deducted. Tentative net capital includes securities for which there is no ready market if the value of the securities is computed using mathematical models the SEC has approved for computing capital deductions for the securities. See Rule 15c3-1(c)(15) under the Exchange Act.