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How do I read the account summary?

The Account Summary in CornèrTrader and CornèrTrader web contains information about the account value, net positions, the unrealized value of the account and the available margin and the margin required for the open positions on the account. A list of all open positions on the account is included in the summary. 

The Account Summary consists of three sections:

  • Cash and Position Summary
  • Margin Summary
  • Open Position list


The account summary is also available in a historic version. Here, you can retrieve end-of-day snapshots of previous account summaries.



Cash and Position Summary 

Non-margin positions: The current market value of any security (e.g. equities, bonds etc.) on the account. The market value is calculated using the last traded price. These securities may or may not have a margin value.


Unrealized margin profit/loss: The unrealised profit/loss on your positions in margin based products.


Cost to close: The cost of closing your positions, e.g. commissions and trading fees.


Unrealised value of positions: The sum of non-margin positions (value of collateral), Unrealised margin profit/loss (unrealised value of all open positions) and cost to close (commissions and fees). 


Cash Balance: The current value of the cash funds in your account.


Transactions not booked: Trades, commissions, etc., that have not yet been booked. For example, trades executed today, will be booked the next business day.


Account value: The current value of the account, combining cash balance, unrealized value of positions and transactions not booked.


Margin Summary:


Account value: The current value of the account, combining Cash balance, unrealized value of positions and transactions not booked.


Other Collateral: Instruments NOT tradable online; for example, bonds and other positions transferred from another bank.


Not available as Margin collateral: A percentage of your current investments in cash instruments (stocks, bonds) may be available as margin collateral. This line states the amount that is not available as margin collateral. For example: if you have bought a share that offers a 75% collateral value, then the 25% of that share's current market value that is not available as margin collateral will be deducted here.


Used for margin requirements: The amount currently used to cover your positions, combining cash balance and the value of un-booked forex spot and forward positions as well as the implied value of un-booked forex option positions.


Available for margin trading: The funds available for margin trading derived from subtracting used for margin requirements from account value.


Net exposure: The Net Exposure is the sum of the nominal value of your current positions converted into the base currency of your account. For Forex, this is the total value of all your forex positions converted to the base currency of your account.


Exposure coverage: The percentage of the exposure covered by funds available for margin.


Margin utilization: The percentage of the available margin, which you are utilizing.



Open Positions:


Instrument:
 A tradable symbol having a monetary value. This can be a forex cross, or a stock ticker (for CFDs and stocks), etc.


Value date: The date when the settlement of funds for the transaction will effectively be available in the account. The balance of the account is recalculated when the transaction is posted, but the funds will not be available until after this value date.


• For forex, the value date is usually two banking days from when the trade is executed (T+2). However, there are some exceptions to this; for example, USDTRY, USDRUB and USDCAD, which all have a value date of T+1
• For CFDs, settlement usually occurs on the same day.
• For stocks, the value date depends on the rules of the exchange and is typically two or three banking days from when the trade is executed.


Account: Shows which account the position is booked on. Notice that when "All" accounts are selected, net positions are shown across accounts.


Strike Price: Only appears when you hold option positions. The price at which you may purchase (in the case of a call) or sell (in the case of a put) the underlying asset. For touch options, it’s the specific level in the market that determines if the option should trigger or not (if the price has been touched or not).


L/S:  Whether the position is Long or Short.


Amount: The number of units of the instrument that were traded.

 

Open: The price the instrument was traded at. For buy trades, this was the ask price of the instrument when it was traded. For sell trades, this was the bid price. Holding a forex position overnight will result in a new open price, adjusted by the forex rollover swap points.


Close: The current market price of the instrument.

• For forex spot, the market price of the instrument is taken as the mid-price.
• For forex forwards, the market price of the instrument is taken as the mid-price.
• For forex options, the market price of the instrument is taken as the bid/ask price.
• For futures, the market price of the instrument is taken as the last traded.
• For stocks, the market price of the instrument is taken as the last traded.
• For CFDs, the market price of the instrument is taken as the mid-price.
• For ETF CFDs, the market price of the instrument is taken as last traded of the underlying asset.
• For index CFDs, the market price of the instrument is taken as the current value of the index.
• For commodity CFDs, the market price of the instrument is taken as the last traded price of the underlying future.


P/L: The current profit or loss on the trade in the currency the instrument was traded in, taking opening costs and estimated closing cost into account.

 

Market Value: Shows the current market value of cash instruments (stocks, bonds, ETFs etc.) and option premiums. Does not show the exposure of CFDs and FX spot/forward outright positions - this can be seen in the "Open Positions" module.

 

Profit/loss in [currency]: The profit or loss converted into the account currency of your account. (Current value (incl. costs) x Close conversion rate) + (Open value (incl. costs) x Open conversion rate).

 

%Price: The profit or loss on the position since it was opened.