Series 28: Alternative Standard

Alternative Standard

Firms can be excluded from the aggregate indebtedness standard by choosing an alternative method to calculate their minimum net capital requirement. If a firm chooses this alternative route, it must keep a minimum amount of net capital equal to the greater of $250,000 or 2% of aggregate debit items as defined in the customer protection rule. Aggregate debit items are sometimes referred to as customer receivables. This is money that customers owe to the