The amount ‘available for trading’ exceeds your own cash and allows you to use up to 30% of the value of your portfolio for new buy orders, even before you have transferred the money. If you use this additional flexibility, you have to clear your cash account before the stock exchange actually settles your order (two trading days after your order execution) to avoid negative interest.

Calculation example:

Please note that this is not a credit facility. Any debit balance must be cleared immediately. If you have a negative cash position, you can no longer use the 30% of the value of your portfolio in ‘available for trading’. Please note that a negative balance in a currency account (e.g., dollar) is not automatically cleared by a positive balance in another currency (e.g., euro); you have to convert currencies yourself via the ‘Accounts’ menu. 

When calculating your amount ‘available for trading’, options are not included in determining the value of your portfolio. Highly volatile shares can also be excluded. Bolero can also exclude turbos and warrants from the calculation if your portfolio is mainly concentrated in these products.