Day Trade Restricted Call (DTR)
Cause: An account’s day trading buying power is exceeded by that days day trade requirements, and there is a prior, unmet and past due DT call on the account at the time of this DT call.
Due: Trade Date + 1 business day (T + 1)
Meeting a DTR Call: DTR calls can only be met by a deposit of funds into the account in the amount of the call or greater.
Funds must remain in the account for two full business days before being withdrawn. Any funds withdrawn from the account while the account is in a DT call will be added to the amount of the call.
Two calls, the first call has aged past 5 days, and is past due, and the second call is not past due: The past due call must be met separately. This means for a Pattern Day Trader (PDT) account to come fully off restriction the total of both calls must be met.
The account can be enabled for opening trades if only one call is met, but the PDT account will remain in restriction until all calls are met, or 90 days passes from the latest due date.
Two calls, both are past due: The total of both calls must be met in order for the account to be enabled to make opening trades.
When a customer is issued a DTR call due to a prior unmet, past due DT call, the account is restricted to closing trades only status for 90 days from the due date of the second call.