What is 'Same-Day Substitution'

An offsetting change in a margin account, made over the trading day, that results in no overall change in the value of the account. When a same-day substitution is made, a margin call is not generated.

Explaining 'Same-Day Substitution'

A same-day substitution happens when a rise in the market value of one margin security is offset by an equal decline in another.

Further Reading

The effect of mandatory generic substitution on the safety of alendronate and patients' adherence
www.tandfonline.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

HPTLC METHOD FOR QUANTIFICATION OF VALERENIC ACID IN AYURVEDIC DRUG
www.tandfonline.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

Substitution in sports: The case of lower division football attendance
journals.sagepub.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

Critical appraisal of the literature on economic evaluations of substitution of skills between professionals: a systematic literature review
onlinelibrary.wiley.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

Anomalies: The law of one price in financial markets
www.aeaweb.org [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

Financial liberalisation, stockmarkets and economic development
academic.oup.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

In defense of the finance constraint
onlinelibrary.wiley.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …

Dividends, taxes, and common stock prices: The ex-dividend day behavior of common stock prices before the income tax
www.sciencedirect.com [PDF]
… day. 1.2 Institutional Background … This suggests measuring the substitution between the two settlement systems based upon … Holding the price of liquidity constant, an increase in the price of default risk should cause the users of the net system to substitute into the gross system …