Excess Net Capital definition

Excess Net Capital means the amount shown on the relevant date of determination, under the heading “Computation of Alternative Net Capital Requirement” as shown on Broker/Dealer’s Financial and Operational Combined Uniform Single (FOCUS) reports, or under such other line on Broker/Dealer’s FOCUS reports pursuant to which Broker/Dealer reports its excess net capital.
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Excess Net Capital of any Person means the net capital as shown on line 3910 of the FOCUS-II Report for such Person.
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Excess Net Capital means, at any time, “excess net capital” computed in accordance with Rule 15c3-1.
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Examples of Excess Net Capital in a sentence

  • As of May 31, 2021, Advantage had Net Capital of $24,587,848, Adjusted Net Capital of$22,589,417 and Excess Net Capital of $10,376,181.

  • As of September 30, 2022, Advantage had Net Capital of $29,348,708, Adjusted Net Capital of$28,561,412 and Excess Net Capital of $16,765,917.

  • As of May 31, 2020, Advantage had Net Capital of $22,728,534, Adjusted Net Capital of$22,397,476 and Excess Net Capital of $13,583,326.

  • At all times Broker/Dealer shall maintain Excess Net Capital of at least Forty Million Dollars ($40,000,000).

  • As of August 31, 2023, Advantage had Net Capital of $34,523,474, Adjusted Net Capital of$34,208,973 and Excess Net Capital of $19,183,993.Advantage strives to transparently reflect our liquidity by graphically displaying on our website how we invest Customer Segregated and Customer Secured 30.7 funds.


More Definitions of Excess Net Capital

Excess Net Capital means net capital reduced by the minimum capital required to be maintained as determined by subrule (12)(b);
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Excess Net Capital means, as of any date the same is to be determined, the Borrower’s net capital as shown on line 3910 of the Borrower’s most recent FOCUS Part 2 report.
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Excess Net Capital means, as of any date the same is to be determined, the net capital of the Regulated Subsidiaries on a consolidated basis as shown on line 3910 of their respective most recent FOCUS Part 2 report.
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Excess Net Capital means the aggregate regulatory net capital, as defined in the applicable Capital Requirements, in excess of the aggregate required net capital under the Capital Requirements, as shown on the Borrower’s SEC Forms 10-Q and 10-K.
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Excess Net Capital means, the amount by which all Capital exceeds the Minimum Net Capital, which in no event shall be less than zero.
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Excess Net Capital means the aggregate net capital (as defined for SEC regulatory purposes) of the Material Subsidiaries that are registered broker-dealers with the SEC ("SEC-Regulated Material Subsidiaries") in excess of five percent (5%) of combined aggregate debit items of the SEC-Regulated Material Subsidiaries. Accrued interest on the outstanding principal balance of the Note shall be due and payable monthly in arrears on the second day of each calendar month commencing December 2, 2002.
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Excess Net Capital means the amount by which (i) Net Capital as of the close of business on the Closing Date, as calculated in accordance with Rule 15c3-1 of the Exchange Act applied on a basis consistent with the Company’s historical accounting practices (such historical accounting practices used to calculate Net Capital are illustrated in the computation of Net Capital as at January 31, 2005, which is set forth in Schedule 1.1(d)), exceeds (ii) the minimum net capital requirement imposed by the SEC under Rule 15c3-1 or any Self-Regulatory Organization of which the Company is a member.
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