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Securities received versus payment are automatically designated as net additions (NA) because the receiver has not yet paid for these securities. Your CM is credited the collateral value (market value minus the applicable haircut) of all positions designated NA. Conversely, your CM is not affected by positions designated as minimum amount (MA).

  • Opening (start-of-day) securities positions as collateral: You can give DTC standing instructions to designate as collateral all securities in your account at the opening of each day. All start-of-day positions are then designated NA, and your CM is credited the collateral value of the start-of-day positions. Contact your Relationship Manager to change your standing instructions. 
  • Unvalued additional securities: You can give DTC standing instructions to designate all unvalued additions of securities to your account (such as deposits and free DOs received) as either NA or MA. Contact your Relationship Manager to change your standing instructions.
  • Warning! Consider the implications of classifying your securities as collateral. Collateral can be used to support your debt and therefore can be liquidated by DTC if you are unable to pay your settlement obligation.
  • Intraday reclassification of securities: You can submit instructions to DTC using the DYMA Collateral Moves (MA/NA) function to reclassify an issue as collateral or non-collateral.
  • Note- A Collateral Moves instruction will not execute if the removal of the collateral from your account would cause your CM or simulated CM to become negative.
  • Settlement Progress Payments (SPPs): You can increase your CM by wiring Settlement Progress Payments (SPPs) to DTC's account at the Federal Reserve Bank of New York (FRBNY). Your CM and your settlement account will be credited for the amount of the SPP; thus, SPPs also reduce your actual net debit. See Wire Instructions for more information. )

To view your CM balance, use PBS's Risk Management Controls Inquiry.



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