TD Ameritrade 2018 Annual Report

TD AMERITRADE HOLDING CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 79 requirements under CFTC Regulation 5.7, which requires TDAFF to maintain minimum adjusted net capital of the greater of (a) any amount required under CFTC Regulation 1.17 as described above or (b) $20.0 million plus 5% of all foreign exchange liabilities owed to forex clients in excess of $10.0 million. In addition, an FCM and FDM must provide notice to the CFTC if its adjusted net capital amounts to less than (a) 110% of its risk-based capital requirement under CFTC Regulation 1.17, (b) 150% of its $1.0 million minimum dollar requirement, or (c) 110% of $20.0 million plus 5% of all foreign exchange liabilities owed to forex clients in excess of $10.0 million. Net capital and net capital requirements for the Company's broker-dealer subsidiaries are summarized in the following tables (dollars in millions): TD Ameritrade Clearing, Inc. Date Net Capital Required Net Capital (2% of Aggregate Debit Balances) Net Capital in Excess of Required Net Capital Ratio of Net Capital to Aggregate Debit Balances September 30, 2018 . . . . . . . . . . . . . . . $ 2,831 $ 525 $ 2,306 10.79% September 30, 2017 . . . . . . . . . . . . . . . $ 1,595 $ 340 $ 1,255 9.39% TD Ameritrade, Inc. Date Net Capital Required Net Capital (Minimum Dollar Requirement) Net Capital in Excess of Required Net Capital September 30, 2018. . . . . . . . . . . . . . . . . . . . . . . $ 181 $ 0.25 $ 181 September 30, 2017. . . . . . . . . . . . . . . . . . . . . . . $ 155 $ 0.25 $ 155 Scottrade, Inc. Date Net Capital Required Net Capital (2% of Aggregate Debit Balances) Net Capital in Excess of Required Net Capital Ratio of Net Capital to Aggregate Debit Balances September 30, 2018 (1) . . . . . . . . . . . . . N/A N/A N/A N/A September 30, 2017 . . . . . . . . . . . . . . . $ 348 $ 70 $ 278 9.99% (1) On February 26, 2018, Scottrade, Inc. transferred substantially all of its broker-dealer business net assets, including its clearing operations, to other subsidiaries of the Company. The Company's request to withdraw Scottrade, Inc.'s registration as a broker-dealer was granted and the withdrawal became effective on September 7, 2018.