House Excess

House Excess

In a margin account, the amount of cash or securities in excess of the minimum margin. The minimum margin is the collateral used for the brokerage to allow a client to buy securities with borrowed money. When a client has more than the minimum margin deposited with the brokerage at the end of a trading day, the brokerage informs him/her that he/she has a house excess. The client may use this to borrow more for margin transactions or may use it as a cushion to avoid a margin call in case the value of the client's portfolio declines.
References in periodicals archive ?
This move to house excess swaps and futures collateral in a separate account has come about after clients raised concerns regarding the safety of their money after the recent incidents of losses at Peregrine Financial Group Inc and MF Global Holdings Ltd(FRA:E37).
I show him around the 90,000 square foot complex, and point out the storage rooms which are a perfect off-site storage option for firms looking to house excess paperwork.
But if one looks around they will notice that councils are taking over parts of our sports fields to build more buildings to house excess bureaucrats or private houses.