P S Purchase and Sale Statement

Definition

A statement sent by a Futures Commission Merchant to a customer when any part of a futures position is offset, showing the number of contracts involved, the prices at which the contracts were bought or sold, the gross profit or loss, the commission charges, the net profit or loss on the transactions, and the balance.

FCMs also send P&S Statements whenever any other event occurs that alters the account balance including when the customer deposits or withdraws margin and when the FCM places excess margin in interest bearing instruments for the customer’s benefit.

Related Terms

Other terms related to 'P S Purchase and Sale Statement' starting with the letter 'P'

Point and Figure, Paper Profit or Loss, Proprietary Account, Pegged Price, Public Elevators

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