Same-Day Substitution
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
papers.ssrn.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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
