Question Details

	Username: Maria Rating: Asked to: Apinya Kamon Date Created: 16 Mar 2016
Category	28
Tag	Financial
Question	Please give the definition of 'Same-Day Substitution'.

Advice from Guru

Hi Maria,

A same-day substitution happens when a rise in the market value of one margin security is offset by an equal decline in another. When a same-day substitution is made, a margin call is not generated.

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