How To Write A Statement In European Currency

Transcription

1 How to Read Your Daily Futures Account Statement Format: Your statement has eight potential sections listed below. Which sections appear on your statement depends on the positions and type of activity in your account for that day. 1. TRADES CONFIRMATIONS: All future and option transactions made on the statement date as well as any as of trade activity. 2. DELIVERY AND CASH SETTLEMENTS: Contracts that were cash settled or for which delivery was taken. 3. EXERCISE/ASSIGNMENT: All futures options that were exercised or assigned and all the relevant details. 4. EXPIRATIONS: All futures options contracts in your account that have expired. 5. PURCHASE AND SALE: Details of all the trades that offset and the net profit or loss from the offsets. 6. OPEN POSITIONS: All open positions with respective trade prices, trade dates, average prices, current settlement prices, and unrealized profit or loss. 7. JOURNAL ENTRIES: All cash transactions affecting the account ledger balance. 8. ACCOUNT COLLATERAL: A listing of any treasury securities held in your futures account as collateral to be used for margining. 9. ACCOUNT SUMMARY: All relevant financial totals are summarized by individual currency and converted to U.S. dollar value. 10. WAREHOUSE RECEIPTS*: Warehouse receipts for physical products. *Warehouse Receipts evidencing ownership of any physically delivered commodities are carried in a non-regulated account. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

2 Section 1 TRADE CONFIRMATIONS A. DATE Business date of trade execution. B. NUMBER Clearing ID of trade. C. MARKET Identity of exchange where contract was traded. D. BUY/SELL Quantity of contracts bought or sold with gross totals at bottom of respective columns. E. CONTRACT DESCRIPTION Product name with month and year of contract. F. [OPTION STRIKE] Option strike prices. G. TRADE PRICE Price at which each trade was executed followed by the average price of all buys and all sells in that contract. I. DEBIT/CREDIT Option premium collected or paid, followed by exchange fees, learning fees, NFA fees, transactions fees, and commissions paid. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

3 Section 2 DELIVERY & CASH SETTLEMENTS A. B. C. D. E. F. G. H. F. TRADE PRICE Price at which the original trade was executed followed by the price against which the trade was cash settled. G. CCY Currency in which this contract is valued. H. DEBIT/CREDIT Amount of profit or loss from the cash settlement followed by the applicable fees and commissions. Section 3 EXERCISE/ASSIGNMENT F. [OPTION STRIKE] Strike price of the exercised or assigned option. sold. I. DEBIT/CREDIT Amount of cash paid or collected when the option was first bought or sold. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

4 Section 4 EXPIRATIONS F. [OPTION STRIKE] Strike price of the expired option. sold. I. DEBIT/CREDIT Amount of cash paid or collected when the option was first bought or sold. Section 5 PURCHASE & SALE F. [OPTION STRIKE] Strike price of the expired option. sold. I. DEBIT/CREDIT Gross profit or loss on offsetting trades. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

5 Section 6 OPEN POSITIONS A. E. *see Section 1 descriptions F. [OPTION STRIKE] Strike price of the option position. sold, followed by the settlement price and your average price. I. DEBIT/CREDIT Open profit or loss based on session settlement price. Section 7 JOURNAL ENTRIES A. B. C. D. E. F. A. DATE Date of journal entry. B. VALUE DATE Date of cash movement. C. PAYMENTS TYPE Type of cash movement. D. DESCRIPTION Purpose of cash movement. E. REG CC Regulatory code and currency of cash movement. F. DEBIT /CREDIT Amount of cash movement. Section 8 ACCOUNT COLLATERAL A. B. C. D. E. A. PURCHASE DATE Date of T-bill purchase. B. FACE VALUE Face value of treasury security at maturity. C. CONTRAC T DESCRIPTION Type of treasury security. D. MATURITY Date of maturity for treasury security. E. PURCHASE PRICE Price paid for treasury security. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

6 Section 9 ACCOUNT SUMMARY SPOT RATE PAYMENTS/RECEIPTS ACCOUNT CASH BALANCE REALIZED PROFIT/LOSS PREMIUMS COMMISSION & FEES NEW CASH BALANCE OPEN TRADE EQUITY TOTAL EQUITY OPTION MARKET VALUE LONG OPTION VALUE SHORT OPTION VALUE NET LIQUIDATING VALUE INITIAL MARGIN MAINTENANCE MARGIN RISK MAINTENANCE RISK INITIAL COLLATERAL USED MARGIN DEFAULT/EXCESS Rate of conversion to USD. Net debit or credit from journal entries. Cash balance prior to activity from statement date. Net gain or loss from futures purchases and sales. Net option premium collected or paid. Aggregate commissions and fees from posted trades. Resulting cash balance from current activity. Potential gain or loss of total current futures positions liquidated at current settlement prices. Account balance plus or minus open trade equity. Net value of all futures options positions versus current settlement prices. Value of all long futures option positions versus current settlement prices. Value of all short futures option positions versus current settlement prices. Account value if all positions were liquidated at current settlement prices. Current initial margin requirements for positions held. Current maintenance margin requirements for positions held. Maintenance margin minus option premium. Initial margin minus option premium. Amount of collateral in account used toward margin requirements. Cash balance above or below initial margin requirements. 150 S. WACKER, 12 TH FLOOR CHICAGO, IL

7 Section 10 WAREHOUSE RECEIPTS* J. A. MARKET Exchange that facilitated product delivery. B. COMMODITY Physical commodity description. C. WHR# Warehouse identification number. D. GROSS QTY Volume of physical product. E. NET QTY Net volume of physical product. F. UNIT Currency. G. VALUATION Margin value. H. CCY Currency. I. WAREHOUSE Warehouse holding commodity. J. COMPANY Company that owns warehouse. *Warehouse Receipts evidencing ownership of any physically delivered commodities are carried in a non-regulated account. optionsxpress, Inc. (Member SIPC) and Charles Schwab & Co., Inc. (Member SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Copyright 2015 optionsxpress, Inc. All rights reserved. Member SIPC 150 S. WACKER, 12 TH FLOOR CHICAGO, IL