How to Read your Futures and Options Statement - Bell Potter ...

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HOW TO READ FUTURES & OPTIONS TRADING STATEMENTS Explanation of FINANCIAL account summary The account summary outlines the financial aspects of the client account. The Summary is shown per currency and is then notionally converted to the base currency on your account. Account cash balance – physical cash held on the account as at close of business the previous day. Realised Profit and Loss - The total of all realised Profit and Loss including ‘Delivery and Cash Settlements’ (“P-Q”) and ‘Purchase and Sale Activity’ (“T-U”). Premium subtotal of all option premium. Payment/Receipt – total of all funds received or paid to the client. Interest – Refer Jounral Entries 1. Commission – Total brokerage GST – Service Tax New Cash Balance – Total balance from all of the above. Total Equity - The value of the securities in the account, assuming that the account is liquidated at the current settlement price. Option Market Value – Unrealised Profit and Loss on current open option position. Net Liquidation Value – The sum of Total Equity and Option Market Value. If all of the positions were closed at settlement price, this would be the account balance (not including brokerage and/or GST. Initial Margin – The deposit requirement using the defined exchange calculation method that you have positions denominated in. Margin Default Excess: The excess or shortage of the overall account. If a debit you are required to pay in funds to cover the margin call, if a credit the funds are available to you. Open Trade Equity - The unrealised Profit and Loss on current open futures transactions. Total Equity - The sum of New Cash Balance and Open Trade Equity. 8
STATEMENT DATE: 24/06/11 ACCOUNT NUMBER: SAMPLE ACCOUNT NAME: MR JOE CITIZEN ADVISOR: Processed exchanges : COMEX,ASXD,SFE,CBOT Non-processed exchanges : Account Summary as of 24/06/11 Seg. AUD Seg. GBP Seg. USD SPOT RATE 1.00000000 0.65830000 1.05520000 ACCOUNT CASH BALANCE 0.00 CR 0.00 CR 0.00 CR REALIZED PROFIT/LOSS 0.00 CR 0.00 CR 48 225.00 CR PREMIUMS 0.00 CR 0.00 CR 68 700.00 DR PAYMENTS/RECEIPTS 5 000.00 CR 20 000.00 CR 10 000.00 CR INTERESTS 0.48 CR 0.00 CR 0.00 CR COMMISSIONS 0.00 CR 0.00 CR 392.25 DR GST 0.00 CR 0.00 CR 39.24 DR NEW CASH BALANCE 5 000.48 CR 20 000.00 CR 10 906.49 DR OPEN TRADE EQUITY 0.00 CR 0.00 CR 433 137.50 DR TOTAL EQUITY 5 000.48 CR 20 000.00 CR 444 043.99 DR OPTION MARKET VALUE 0.00 CR 0.00 CR 64 260.00 CR NET LIQUIDATING VALUE 5 000.48 CR 20 000.00 CR 379 783.99 DR INITIAL MARGIN 0.00 CR 0.00 CR 385 424.00 DR MARGIN DEFAULT/EXCESS 5 000.48 CR 20 000.00 CR 829 467.99 DR BASE CURRENCY AUD SPOT RATE 1.00000000 ACCOUNT CASH BALANCE 0.00 CR REALIZED PROFIT/LOSS 50 887.02 CR PREMIUMS 72 492.24 DR PAYMENTS/RECEIPTS 28 718.00 CR INTERESTS 0.48 CR COMMISSIONS 413.90 DR GST 41.41 DR NEW CASH BALANCE 6 657.95 CR OPEN TRADE EQUITY 457 046.69 DR TOTAL EQUITY 450 388.74 DR OPTION MARKET VALUE 67 807.15 CR NET LIQUIDATING VALUE 382 581.59 DR INITIAL MARGIN 406 699.40 DR MARGIN DEFAULT/EXCESS 857 088.14 DR >> How to read the futures and options statements V110801 9
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