halifax futures & securities account statements. account statement explanation there are five...

HALIFAX FUTURES & HALIFAX FUTURES & SECURITIESSECURITIES

Account StatementsAccount Statements

Account Statement ExplanationAccount Statement ExplanationThere are five main areasThere are five main areas1. 1. Account DetailsAccount Details

• Account NumberAccount Number

2. 2. Position SummaryPosition Summary• FuturesFutures• Futures OptionsFutures Options• Cash OptionsCash Options

3.3. Account Financial SummaryAccount Financial Summary• Cash BalanceCash Balance• Variation MarginVariation Margin• Total EquityTotal Equity• Initial MarginsInitial Margins• SecuritySecurity• Excess / (Shortage)Excess / (Shortage)• Forward Dated JournalsForward Dated Journals• Adjusted Excess/ShortageAdjusted Excess/Shortage

Account Statement ExplanationAccount Statement Explanation4. Account Financial Summary - Continued4. Account Financial Summary - Continued

• FOR INFORMATION ONLYFOR INFORMATION ONLY• Forward Unrealized P&LForward Unrealized P&L• Net Premium Option Market ValueNet Premium Option Market Value• Net Liquidating Value (NLV)Net Liquidating Value (NLV)

5.5. Business Done TodayBusiness Done Today

6.6. Monthly StatementMonthly Statement• Commissions & GSTCommissions & GST

Account DetailsAccount DetailsHALIFAX FUTURES AND SECURITIES

OPEN POSITION STATEMENT

John SmithJohn Smith 1 Johnson St1 Johnson StMelbourne VIC 3000Melbourne VIC 3000

Account No: Account No: AA001AA001

24 March 200424 March 2004

COB GlobalCOB Global

MACQUARIE BANK LIMITEDMACQUARIE BANK LIMITED

LEVEL 5, 1 MARTIN PLACELEVEL 5, 1 MARTIN PLACESYDNEY NSW 2000 SYDNEY NSW 2000

Enquiries (61-2) 8232 4037Enquiries (61-2) 8232 4037Facsimile (61-2) 8232 4412Facsimile (61-2) 8232 4412

A.B.N. 46 008 583 542A.B.N. 46 008 583 542

Account NumberAccount Number

Must quote to broker each Must quote to broker each time an order is placedtime an order is placed

COB GlobalCOB Global

Close Of Business on Global markets – Approx 2.00pm Close Of Business on Global markets – Approx 2.00pm AETAET

COB SFECOB SFE

Close Of Business on SFE, ASX AND NZFOE markets – Close Of Business on SFE, ASX AND NZFOE markets – Approx 7.00am AETApprox 7.00am AET

MACQUARIE BANK LIMITEDMACQUARIE BANK LIMITED

Banking Institution where funds are heldBanking Institution where funds are held

Position Summary - FuturesPosition Summary - Futures

DateDate Open PositionOpen Position TradeTradePricePrice

CurrenCurrentt

PricePriceCurrCurr

Market Market RevaluatioRevaluatio

nn

Option P&L Option P&L oror

Prem Value Prem Value (*)(*)

24MAR04 24MAR04

SFE SPI 200 CONTRACT 25 SFE SPI 200 CONTRACT 25 SFESFE B 1 JUN04B 1 JUN04NET +1 JUN04 3411.0NET +1 JUN04 3411.0

3411.3411.00

3351.03351.0 AUDAUD -1,500.00-1,500.00-1,500.00-1,500.00

0.000.00

On 24 March 2004, 1 June Spi On 24 March 2004, 1 June Spi

200 has been bought @ 200 has been bought @ 3411.03411.0

The Current Price is an indication of the The Current Price is an indication of the price you “could” achieve to exit price you “could” achieve to exit out of this trade. Ie, you could out of this trade. Ie, you could possibly sell these futures back at possibly sell these futures back at 3351.0, resulting in a 60 point loss 3351.0, resulting in a 60 point loss

i.e. 25 AUD per contract i.e. 25 AUD per contract

or $1,500 AUDor $1,500 AUDOpen Position Value AUD

SFE SPI 200 CONTRACT FUTURES 85,272

This is the sum of the value of all contracts per series at the traded price(s).

Position Summary – Futures Position Summary – Futures OptionsOptions

0.000.00

““B”B” 35,000.00*35,000.00*35,000.0035,000.00

-1500.00-1500.00

““A”A”11,000.0011,000.001111,000.0,000.0

00

AUDAUD

AUDAUD

3351.03351.0

48.048.0

3411.03411.0

70.0 70.0

SFE SPI 200 CONTACT 25 SFE SPI 200 CONTACT 25 SFESFEB 1 Jun04B 1 Jun04NET +1 JUN04 3411.0NET +1 JUN04 3411.0

S 20 JUN04 3350.0 Call S 20 JUN04 3350.0 Call 17June 17June NET -20 Avg Sold 70.0 NET -20 Avg Sold 70.0

24MAR0424MAR04

23APR0423APR04

Option P&L Option P&L or or



nnCurrCurr

CurrenCurrentt

PricePrice

TradeTradePricePriceOpen PositionOpen PositionDateDate

On 23 April 2004, 20 Jun 3350.0 On 23 April 2004, 20 Jun 3350.0 Spi 200 Calls have been Spi 200 Calls have been sold on the SFE market for sold on the SFE market for 70 points70 points

Where an amount is followed by the asterisk “*” Where an amount is followed by the asterisk “*” sign, then this represents a futures style sign, then this represents a futures style option. This implies that figure option. This implies that figure “B”“B” represents the total value of the option represents the total value of the option and figure and figure “A”“A” represents the unrealized represents the unrealized P&L or “difference” between the value of P&L or “difference” between the value of the option(s) at the traded price and the the option(s) at the traded price and the value of the option(s) at the at the end of value of the option(s) at the at the end of day settlement price :day settlement price :


0.000.00

““B”B” 35,000.00*35,000.00*35,000.0035,000.00

-1500.00-1500.00

““A”A”11,000.0011,000.001111,000.0,000.0

00

AUDAUD

AUDAUD

3351.3351.00

48.048.0

3411.03411.0

70.0 70.0



24MAR0424MAR04

23APR0423APR04

Option P&L or Option P&L or Prem Value (*)Prem Value (*)

Market Market RevaluatiRevaluati

ononCurrCurr

CurreCurrentnt

PricePrice


In this case, to exit out of the trade In this case, to exit out of the trade you can buy the options back at you can buy the options back at 48 points for a total P&L of AUD 48 points for a total P&L of AUD $11,000 being $11,000 being

70 points – 48 points = 22 points * 70 points – 48 points = 22 points * AUD $25 per point * 20 contractsAUD $25 per point * 20 contracts

Options Position Value AUD

SFE SPI 200 CONTRACT FUTURES 85,275

SFE SPI 200 CONTRACT OPTIONS 35,000

This is the sum total of the open position value grouped by commodity, futures/option and currency


0.000.00

““B”B” 35,000.00*35,000.00*35,000.0035,000.00

-1500.00-1500.00

““A”A”11,000.0011,000.001111,000.0,000.0

00

AUDAUD

AUDAUD

3351.3351.00

48.048.0

3411.03411.0

70.0 70.0



24MAR0424MAR04

23APR0423APR04

Option P&L or Option P&L or Prem Value (*)Prem Value (*)

Market Market RevaluatiRevaluati

ononCurrCurr

CurreCurrentnt

PricePrice


MARKET REVALUATION BREAKDOWN

Variation Margins – Fut and Fut Style Options Amount Profit/Loss

SPI – FUTURES AUD -1,500 -1,500

SPI – OPTIONS AUD 11,000 11,000

The Market Revaluation report is a summary of the Futures and Options profit and loss. For Futures and Futures style options, the unrealized Profit and loss is shown in both the amount and the P&L columns. These figures will also form part of the client Total Equity or “Above the line” margin amounts in the Account Financial Summary.

Position Summary – Cash OptionsPosition Summary – Cash Options

DateDate Open PositionOpen Position TradeTradePricePrice

CurrenCurrentt

PricePriceCurrCurr


nn

Option P&L Option P&L or or


14APR014APR044

DAX OPTIONS ON EUREX 10 DAX OPTIONS ON EUREX 10 ERX ERX S 2 JUN04 3500.0 Putt 17JUNS 2 JUN04 3500.0 Putt 17JUNNET –2 AVG SOLD 25.0NET –2 AVG SOLD 25.0

25.025.0

18.018.0 EUREUR 180.00180.00180.00180.00

70.0070.0070.0070.00

On 14 April 2004, 2 JUN 3500 On 14 April 2004, 2 JUN 3500 DAXO Putts have been sold DAXO Putts have been sold on the EUREX market @ 25 on the EUREX market @ 25 points points

To exit out of this trade you can buy these To exit out of this trade you can buy these Calls back for 18 points. Resulting in Calls back for 18 points. Resulting in a 7 point gain on 2 contracts @ a 7 point gain on 2 contracts @ 5 5 EUR per point being EUR 70.00EUR per point being EUR 70.00

Options Position Value EUR

ERX DAXO Options 250

In this case, no * Symbol is present, In this case, no * Symbol is present, meaning the figure represents meaning the figure represents unrealized Option profit and loss, i.e.. unrealized Option profit and loss, i.e.. The difference between traded and The difference between traded and closing price. In this case EUR closing price. In this case EUR 70.0070.00..

This is the sum total of the open position value grouped by commodity and futures/option and currency @ the traded price(s)

Position Summary - continuedPosition Summary - continued

-70.00-70.00-70.00-70.00

-180.00-180.00-180.00-180.00

EUREUR18.018.0

25.025.0

DAX OPTIONS ON EUREX 10 DAX OPTIONS ON EUREX 10 ERXERX S 2 JUN04 3500 Putt 17JUNS 2 JUN04 3500 Putt 17JUNNET -2 AVG SOLD 25.0NET -2 AVG SOLD 25.0

14APR0414APR04

Option P&L Option P&L Prem Prem

Value (*)Value (*)


nnCurCur

CurrenCurrentt

PricePrice


Market Revaluation Breakdown Amount Profit / Loss

Net Premium Options Market Value

DAXO Options EUR -180.00 70.00

Market RevaluationMarket Revaluation

Total to Pay or receive back to exit positions – not including Total to Pay or receive back to exit positions – not including brokerage if traded at previous nights closebrokerage if traded at previous nights close

As these options are Premium or “Cash” style options, the Value of the options @ the As these options are Premium or “Cash” style options, the Value of the options @ the sale price (25 points or EUR 250.00) will be credited to the cash balance of the sale price (25 points or EUR 250.00) will be credited to the cash balance of the account, shown in the Account Financial Summary.account, shown in the Account Financial Summary.

The Current Market Value (EUR -180.00 )will then be shown in the “For Information The Current Market Value (EUR -180.00 )will then be shown in the “For Information Only” section of the Account Financial SummaryOnly” section of the Account Financial Summary

Account Financial SummaryAccount Financial Summary

-23,735.60-23,735.60-849.80-849.80-22,280.85-22,280.85EXCESS/(SHORTAGE)EXCESS/(SHORTAGE)

-1,500-1,500- Futures- Futures

NET AUDNET AUDEUREURAUDAUD

0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)

0.000.000.000.00SECURITYSECURITY

-1,080.00-1,080.00-31,700-31,700INITIAL MARGINSINITIAL MARGINS

230.20230.209,419.159,419.15TOTAL EQUITYTOTAL EQUITY

230.20230.20

(1.20180)(1.20180)

11,00011,000- Options- Options

VARIATION MARGINSVARIATION MARGINS

-80.85-80.85CASH BALANCECASH BALANCE

(0.70230)(0.70230)

Cash Balance – Open Positions

Total Funds paid/received + Futures P&L + Option Premium + Brokerage + Interest

Variation Margins – Open Positions

Unrealised profit and loss. For Options, only “futures Style” like those trades on the SFE and NZFOE will be shown as above the line total Equity figures. All other options where premium is paid or received upfront are shown in the “for information only” section.

Total Equity – Open Positions

Value of account if all positions are closed for Futures and Futures Style Options. Not including brokerage on closing trades. Please note, if you hold Premium or Cash style options you will need to refer to Net Liquidating Value for the value of the account if all positions are closed.

Account Financial Summary Account Financial Summary ContinuedContinued

Initial Margins – Open Positions

Security deposit required by exchange. In a change from previous reporting, Net premium Option Market Value and forward unrealised P&L on offshore exchanges can form part of initial margins.

Security – Open Positions

Security amounts lodged by client to cover “Initial Margins” only. Can be stock, currency etc. If no Security has been provided then this item will not appear on your statement

Excess / Shortage – Open Positions

Sum of Total Equity and Initial Margin. If security covers initial margin then Excess Shortage will equal Total Equity as the client has covered their initial margin requirement. Clients can draw down excess funds but must pay any Shortages.




0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)




230.20230.20

(1.20180)(1.20180)




(0.70230)(0.70230)

Account Financial Summary Account Financial Summary ContinuedContinuedForward Dated Journals – Open Positions

Adjustment Journals to be posted at a future date eg, average price adjustment, interest adjustment journals

Adjusted Excess/Shortage – Open Positions

Sum of Excess/Shortage + Adjustment Journals. For information only. Not to be paid/received.

-23,735.60-23,735.60

-849.80-849.80-22,280.85-22,280.85EXCESS/(SHORTAGE)EXCESS/(SHORTAGE)



0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)




230.20230.20

(1.20180)(1.20180)




(0.70230)(0.70230)

Account Financial Summary Account Financial Summary ContinuedContinuedFOR INFORMATION ONLY – Open Positions

The For Information Only section provides clients with information regarding, forward variation margins, Net premium Option market Value and NLV (Net Liquidating Value) - PRIMARILY OPTIONS ON OFFSHORE EXCHANGES.

9,505.449,505.4450.250.29,419.159,419.15Net Liquidating ValueNet Liquidating Value

-180.00-180.00Net Premium Option Market ValueNet Premium Option Market Value

FOR INFORMATION ONLYFOR INFORMATION ONLY




0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)




230.20230.20

(1.20180)(1.20180)




(0.70230)(0.70230)

Account Financial Summary Account Financial Summary ContinuedContinuedForward Unrealised P&L – Open Positions

Unrealised profit and loss for markets that do not realise P&L until prompt dates,or pay interest on P&L till close eg, LME, OM

Net Premium Option Market Value – Open Positions

Current Market Value of options where premium is paid or received up front. Applies to most options contracts on on offshore exchanges.

Net Liquidating Value – Open Positions

Sum of Total Equity + Forward Unrealised P&L + Net Premium Option Market Value. Identifies the value of the account if all positions (offshore and SFE) are closed.







0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)




230.20230.20

(1.20180)(1.20180)




(0.70230)(0.70230)

Account Financial Summary Account Financial Summary ContinuedContinuedCurrency Conversion – Open Positions

As an account trades, all premiums, brokerage, P&L, interest etc are accumulated in the underlying currency of the commodity traded. This is totalled and reported in the base currency of the account (generally AUD).

N.B. No currency exposures are converted to AUD unless an explicit instruction has been received from the client. All currencies remain in the native currency until instruction is sent and confirmation of foreign exchange is received by the client







0.000.00

-33,548.80-33,548.80

9,813.229,813.22

313.22313.22

(0.70230)(0.70230)




230.20230.20

(1.20180)(1.20180)




(0.70230)(0.70230)

Account Financial SummaryAccount Financial Summary ContinuedContinued

AUDAUD EUREUR USDUSD NET AUDNET AUD

(0.5952)(0.5952) (1.0678)(1.0678) (1.0000)(1.0000) (0.5952)(0.5952)

CASH BALANCECASH BALANCE 19,952.5019,952.50 280.20280.20 680.40680.40 21598.3321598.33


- Eurex DAX Options- Eurex DAX Options OptionsOptions -- -320.00-320.00 -574.09-574.09

- CME EURO FX Options- CME EURO FX Options OptionsOptions -- -312.50-312.50 -525.03-525.03

TOTAL EQUITYTOTAL EQUITY 19,952.5019,952.50 -39.80-39.80 367.90367.90 20499.2120499.21

INITIAL MARGINSINITIAL MARGINS -- -1165.00-1165.00 -842.00-842.00 -3504.69-3504.69

EXCESS / EXCESS / (SHORTAGE)(SHORTAGE)

19,952.5019,952.50 -1204.80-1204.80 -474.10-474.10 16994.5216994.52

CUURENCY CONVERSIONCUURENCY CONVERSION

As trades are taken on the various markets, premiums, brokerage, As trades are taken on the various markets, premiums, brokerage, variation and initial margins are totaled in the underlying currencyvariation and initial margins are totaled in the underlying currency

These are detailed separately and then totaled to Australian dollarsThese are detailed separately and then totaled to Australian dollars

Business Done Today Cash Business Done Today Cash OptionsOptions

Business Done TodayBusiness Done Today

EURO DollarsEURO DollarsDateDate

DescriptionDescription

BoughtBoughtPricePrice

SoldSoldPricePrice

CommissionCommissionand Feesand Fees

AmountAmountPostedPosted

14APR0414APR04BUSINESS DONE TODAYBUSINESS DONE TODAYDAX OPTIONS ON EUREX 10 ERXDAX OPTIONS ON EUREX 10 ERX S 2 JUN04 3500 Putts 17JUNS 2 JUN04 3500 Putts 17JUNCommissionCommission

25.025.019.80 DR19.80 DR

250.00 CR250.00 CR19.80 DR19.80 DR

TOTALSTOTALSBROUGHT FORWARD BALANCEBROUGHT FORWARD BALANCEOPTIONS PREMIUMOPTIONS PREMIUMTOTAL COMMISSIONSTOTAL COMMISSIONS

Commissions excl GSTCommissions excl GSTGST on CommissionsGST on Commissions

CARRIED FORWARD BALANCECARRIED FORWARD BALANCE

18.00 DR18.00 DR1.80 DR1.80 DR

0.000.00250.00 CR250.00 CR19.80 DR19.80 DR

230.20 CR230.20 CR

On 14 April 2004, 2 Jun 3500 PutsOn 14 April 2004, 2 Jun 3500 Puts

have been sold on the DAX market have been sold on the DAX market

for 25 pointsfor 25 points

Resulting in a credit of 250 EURResulting in a credit of 250 EUR

2 contracts x 25 points x 5 EUR2 contracts x 25 points x 5 EUR

Commission and GST are deductedCommission and GST are deducted

Balance is credited to EUR totals Balance is credited to EUR totals CASH BALANCECASH BALANCE

Business Done Today FuturesBusiness Done Today Futures


AUD DollarsAUD DollarsDateDate



SoldSoldPricePrice



24MAR0424MAR04BUSINESS DONE TODAYBUSINESS DONE TODAYSFE SPI 200 CONTRACT 25 SFESFE SPI 200 CONTRACT 25 SFE B 1 JUN04B 1 JUN04CommissionCommission

3411.03411.0

3.85 DR3.85 DR 3.85 DR3.85 DR




3.50 DR3.50 DR0.35 DR0.35 DR

0.000.000.000.00

3.85 DR3.85 DR

3.85 DR3.85 DR

On 24 March 2004, 1 June Spi 200 On 24 March 2004, 1 June Spi 200 Future has been bought on Future has been bought on the SFE market @ 3411.0the SFE market @ 3411.0


Balance is debited to AUD totals Balance is debited to AUD totals CASH BALANCECASH BALANCE

Business Done Today Futures Business Done Today Futures Style OptionsStyle Options


AUD DollarsAUD Dollars

3.85DR3.85DR

77.00 DR77.00 DR

80.85 CR80.85 CR

70.00 DR70.00 DR 7.00 DR7.00 DR




77.00DR77.00DR

77.00DR77.00DR70.070.0

BUSINESS DONE TODAYBUSINESS DONE TODAYSFE SPI 200 CONTRACT 25 SFESFE SPI 200 CONTRACT 25 SFE S 20 JUN04 3350.0 Call S 20 JUN04 3350.0 Call 17JUN04 17JUN04 CommissionCommission

23 APR0423 APR04



SoldSoldPricePrice



DateDate

On 23 April 2004, 20 June04 Spi On 23 April 2004, 20 June04 Spi 200 3350 Calls have been 200 3350 Calls have been sold on the SFE market for sold on the SFE market for 70pts70pts

No option premium postedNo option premium posted


Balance is credited to EUR totals Balance is credited to EUR totals CASH BALANCECASH BALANCE

Monthly StatementMonthly StatementMONTHLY ACCOUNTMONTHLY ACCOUNT

AUD AUSTRALIAN DOLLARAUD AUSTRALIAN DOLLAR

DATEDATE

DESCRIPTIONDESCRIPTION DAILY DAILY POSTINGPOSTING

GST GST PAYABLEPAYABLE TOTALTOTAL

15 JAN 0315 JAN 0322 JAN 0322 JAN 03

GST CONVERSION FROM USD @ 0.550GST CONVERSION FROM USD @ 0.550GST CONVERSION FROM EUR @ 1.831GST CONVERSION FROM EUR @ 1.831

TOTALSTOTALS

0.00 CR0.00 CR0.00 CR0.00 CR

0.00 CR0.00 CR

4.15 DR4.15 DR3.29 DR3.29 DR

0.00 DR0.00 DR

4.15 DR4.15 DR3.29 DR3.29 DR

0.00 DR0.00 DR

EUR EUROEUR EURO

DATEDATE

DESCRIPTIONDESCRIPTION

DAILY DAILY POSTINGPOSTING

GST GST PAYABLEPAYABLE

TOTALTOTAL

22 JAN 0322 JAN 03COMMISSIONCOMMISSIONGST CONVERSION TO AUDGST CONVERSION TO AUD

TOTALSTOTALS

18.00 DR18.00 DR0.00 CR0.00 CR

18.00 DR18.00 DR

1.80 DR1.80 DR1.80 CR1.80 CR

0.00 CR0.00 CR

19.80 DR19.80 DR1.80 CR1.80 CR

18.00 DR18.00 DR

At the end of each month the GST deducted in each At the end of each month the GST deducted in each currency during the month is converted to AUDcurrency during the month is converted to AUD

The end of month report should be kept for TAX purposesThe end of month report should be kept for TAX purposesCALCULATIONCALCULATION

1.80 EUR x 1.831 = 3.29 AUD1.80 EUR x 1.831 = 3.29 AUD

halifax futures & securities account statements. account statement explanation there are five...

Documents

jun04 net

sfe market

jun04 b

futures style options

prem value

total value

options profit

24mar04 sfe spi