Equity with Loan Value, or ELV, represents the account value used to determine whether the client has sufficient equity to open or maintain securities positions. For the securities segment of a Universal Account, IBKR generally calculates ELV as: cash + stock value + bond value + mutual fund value + European and Asian options value. This calculation excludes the market value of U.S. securities options, futures options, and cash held in the futures/commodities segment. Actual values should always be checked directly in the Account Window of TWS or in Client Portal, as margin values may vary by segment, account type, and product.
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