What does the message "Insufficient Settled Cash" mean?

This message means that the account does not currently have enough settled cash available to support the order.
When a security is sold or a position is closed, the cash proceeds may not be immediately available for a new transaction. The proceeds usually become available only after the trade has settled. Settlement timing depends on the product, market and currency involved.
This message is most common in cash accounts, because cash accounts cannot borrow funds and may be limited to trading with settled cash only. It may also appear when the client is trying to use proceeds from a recently closed position before those proceeds have fully settled.

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