maintenance call

Maintenance call

A call for additional money or securities when a margin account falls below its exchange-mandated required level.

Maintenance Call

An order by a brokerage for an account holder to deposit more cash or securities into a margin account when the value of the cash and securities currently in it falls below some defined percentage. Every margin account has a maintenance margin requirement, which is money or securities an investor must keep in his/her margin account in order to be able to borrow from the brokerage. FINRA requires that the maintenance margin must be at least 25% of the amount borrowed, while some brokerages require maintenances of up to 50%. If the maintenance margin falls below this, the account may be subject to a maintenance call. If the account holder is not able to make the necessary deposit, he/she must close out enough positions in order to make the deposit, or risk the account becoming blocked. A maintenance call is a form of a margin call.

maintenance call

A call to an investor for additional funds when the market value of securities in the investor's margin account has fallen to the point that the investor's equity (that is, the value of the securities minus the amount owed) does not meet an established minimum. If the investor does not supply the required money or securities, the firm will sell a certain number of securities sufficient to bring the account into conformity. A maintenance call is a type of margin call.
References in periodicals archive ?
The framework agreement will be divided into two lots: lot 1 - standard arboricultural service lot 2 - emergency arboricultural service lot 3 - grounds maintenance call off contracts will be awarded for each lot.
That changed recently when it chose to submeter residents' water use through a tracking tool that helped it detect the possibility of leaks, leading to a maintenance call that would be made to fix the problem.
The occasional maintenance call or visit is all that is needed to ensure the customer is happy and their requirements have been met.
They also use a simple media path that reduces jams and features intuitive LED indicators to make it easier for bank staff to service the module without a maintenance call," NCR said.
The conference will unfold as Discovery wraps up its cargo-delivery and maintenance call at the station, a $100 billion project of 16 nations.
A technician making a maintenance call cannot just disassemble parts and lay them out on the floor.
Container Exchange is an IS019001 accredited company and offers a 24/7 maintenance call out service package with all of its rentals.
The shift supervisor, a Staff Sergeant, had left me in charge of the operation prior to leaving for the flight line to answer a maintenance call.
As a full building service provider, we may be asked to carry out a large refurbishment project such as this or perhaps more typically, a minor repair or maintenance call out at a single home for our housing association customers.
NASA astronauts Dave Wolf and Chris Cassidy are replacing four of six old solar array batteries on the International Space Station on Wednesday, in a maintenance call that will last more than six hours.
He went to the house in Spa Well Close, Winlaton, on a routine maintenance call.
To help out, Dry Zone is asking that customers give a toy to the inspector that visits their home for an estimate, the foreman at the job installation, or the service technician during a maintenance call.

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