NOTE: Please see the Action Type Descriptions below for additional information on the Due for Action Alert.
Bank Wire Instructions
Chase Manhattan Bank, New York, NY
ABA #0210-0002-1
For the account at: NFS Account #066196-221
FBO: Client's Name, Client's Account Number
Journal
Using the Integrated Cash Platform (ICP), you can journal money from another Fidelity brokerage account.
MoneyLine (EFT) Instructions
MoneyLine enables clients to move money in or out of their Fidelity accounts. Instructions are established with the Standing Bank Wire and Electronic Funds Transfer Instructions Form for Non-Retirement Accounts and the Premiere
Select IRA Contribution by EFT Form for Retirement Accounts.
NOTE: These forms are located in the Forms Library. Clients may have multiple sets of MoneyLine instructions on their accounts. There is a
pre-note period of 7 business days before requests may be made to utilize MoneyLine. During this time, account information is validated at the receiving bank.
Mailing Address for Check
Regular Mail Address:
National Financial Services, LLC
Attn: Check Processing
PO Box 770001
Cincinnati, OH 45277-0040
Overnight Address:
National Financial Services, LLC
100 Crosby Parkway
Mailzone KC1H
Covington, KY 41015
If additional time is required to settle the call, you may request an extension by initiating a Service Request (Securities & Money Movement > Margin > Extension Request). The common extension requests are:
NOTE:
In a margin account, release pertains to the amount of funds "released" as a result of an action taking place. For example, when selling securities in a margin account, the account receives the margin required on the position toward the account excess or any call present. If selling securities with a 30% margin requirement, 30% of the proceeds is released. If depositing fully paid-for securities that the account received or released, the amount exceeds the margin requirement. For example, if the security has a 30% maintenance margin requirement, 70% of the value is released toward your excess or any call that is present.
TopThe amount owed (debit) by the account holder for activity in his/her account. The debit balance only displays on your report if your previous end of day Cash Collected Balance minus Cash Debit Balance is less than zero.
TopThe following table contains descriptions for the Action Types identified in the Due for Action Alert.
NOTE: Please see the take action section presented above.
| Action Type | Description |
|---|---|
| Buy-In | A trade is executed by Fidelity to buy back the shares and cover the short position. A short sale is the sole liability of the customer who is responsible for the buy-in price. |
| Cash Account Exceptions on Trades | An executed order (trade) that remains open and unsettled after the settlement date in a cash account. Appropriate action should be taken to resolve this item prior to its due date. |
| Exchange Call (NYSE) | This type of margin call occurs only when the available to borrow margin amount in your brokerage account is above or below the New York Stock Exchange (NYSE) minimum requirement. It is a positive amount (surplus) if your margin equity exceeds the NYSE maintenance requirement and is a negative amount (call) if your margin equity falls below the current NYSE maintenance requirement. |
| Federal Call | This situation occurs when the initial 50% Regulation T margin requirement is not met by the settlement date. The investor has 5 business days from the trade date to meet the Regulation T purchase requirement. This type of margin call occurs only when the investor fails to meet the initial requirement. |
| Freeriding | A practice, which violates Regulation T of the Federal Reserve Board, whereby a brokerage customer buys and sells securities in rapid order without putting up money for the purchase. If this occurs, the account in violation is frozen for 90 days. |
| House Call | This type of margin call occurs when the equity in an account falls below its security requirements. |
| Margin Account Exception Due | An executed order (trade) that remains open and unsettled after the settlement date in a margin account upon which a call has been placed in this account. |
| Margin Account Exception on Trades | An executed order (trade) that remains open and unsettled after the settlement date in a margin account. Appropriate action should be taken to resolve this item prior to its due date. |
| Margin Call | A notification which may be sent to a margin investor indicating that the account's margin equity percentage has fallen below a specified amount, thereby requiring the deposit of additional cash or securities. If a customer fails to respond, securities in the account may be liquidated. |
| Non-Trade Cash Exception | A debit balance in your cash account that is unrelated to trade activity. |
| Regulation T (Reg T) | A Federal Reserve Board regulation whereby members of the national securities exchanges set standards for credit extension to customers. Reg T establishes margin requirements and defines eligible, ineligible, and exempt securities. A violation may occur in this account when there is an executed order (trade) that remains open and unsettled after the settlement date or a debit balance in your account for which a buy-in or sell-out will occur in a sufficient dollar or share amount to cover the position or debit. |
| Sell-Out / Buy-In |
Sell-Out: Liquidation of a margin account after a customer fails to bring his or her account up to a required level by producing additional equity after a margin call. A liquidation of a position after a customer fails to pay for a transaction. Buy-In: A trade is executed by Fidelity to buy back the shares and cover the short position. A short sale is the sole liability of the customer who is responsible for the buy-in price. An executed order (trade) that remains open and unsettled after the settlement date or a debit balance in your account for which a buy-in or sell-out will occur in a sufficient dollar or share amount to cover the position or debit. |
For more information concerning margin, see the OnLine Reference (Resources > Policies and Procedures). If you still have questions, please contact your dedicated service group for further details.
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