A Required Maintenance (RM) call is issued when the margin equity in an account is less than the maintenance requirements.
How to meet a Required Maintenance Call?
Maintenance calls are typically due three business days after the call is issued (T+3), but tastyworks reserves the right to require maintenance calls to be met sooner.
The fastest way to meet a maintenance call is by sending a wire transfer. If you want to meet an RM call by making an ACH deposit, then please write to our trade desk at firstname.lastname@example.org so we can inform our margin team. ACH deposit requests made before our cutoff typically land in your account the next trading day.
However, accounts may meet a maintenance call in the following ways:
- Depositing securities
- Market appreciation
- Closing positions to generate sufficient margin release
Please note: Maintenance calls are issued cumulatively.
If you do not address a maintenance call, then the risk/margin department will intervene to resolve the call by liquidation if the customer does not.