Account Statement

In the Account Information category you will find general information about your securities account.

The Net Asset Value (NAV) is the total value of your account.

This section shows changes in the value of your positions based on daily closing prices. Mark-to-Market (MTM) calculates the profit or loss on your positions as if they were settled at the end of each day using the applicable closing price.

MTM does not reflect the price at which you could have sold a position during the day, nor does it reflect the actual price at which you later sold the position. For example, if a stock reached $105 during the day but closed at $100, MTM uses the $100 closing price.

MTM applies to positions that are open or closed during the reporting period. It does not calculate profit or loss by matching opening and closing transactions. Instead, the MTM calculation assumes that positions are settled at the end of each day at the applicable closing price and reopened the following day.

Realized profit or loss from closing a position is not included in the MTM calculation. Details of actual transactions and their associated profit or loss can be found in the Transactions section.

In this section, you will find an overview of your profits and losses divided by security class and underlying asset.

This table is divided into realized and unrealized gains and losses. The realized gains and losses are converted into the base currency on the day of position closure. Unrealized gains and losses are converted into the base currency using the last currency closing rate of the reporting period.

The columns Profit and Loss show the cumulative gains and losses respectively. The totals of gains and losses are displayed in the Total columns. The last column summarizes both realized and unrealized gains and losses.

S/T stands for Short Term and refers to positions held for less than 365 days.

L/T stands for Long Term and refers to positions held for more than 365 days.

Cost Adj. indicates adjustments made to the cost basis. In the case of tax-free dividend payments or capital repayments (Return of Capital), the cost basis of the position is adjusted. Thus, the capital repayment is only taken into account for tax purposes when the position is closed.

With the Cash Report, you can track how your cash balances change during the reporting period.

The report shows your starting and ending cash balances as well as the cash movements that contribute to the change, such as deposits, withdrawals, trades, commissions and fees, dividends, interest, taxes, and other cash transactions.

The Cash Report is separated by currency, allowing you to see the cash balances and movements for each currency individually. In the upper section, the Base Currency Summary provides a total overview, with the amounts converted into your account’s base currency.

The report also shows Ending Settled Cash, which represents the cash balance after taking the applicable settlement period into account. Starting Cash and Ending Cash represent trade-date balances.

Cash FX Translation Gain/Loss

For accounts holding currencies other than the base currency, exchange-rate changes can affect the value of your cash when it is translated into the base currency. This effect is shown under Cash FX Translation Gain/Loss.

The amount reported here is not an actual realized gain or loss from a currency conversion. It reflects the change in the base-currency value of foreign-currency cash due to changes in exchange rates between reporting periods. The actual realized gain or loss from a foreign-currency position can only be determined when that currency position is closed.

To calculate the reported translation effect, the difference between the exchange rates of the current and previous reporting periods is multiplied by the opening cash balance in the respective foreign currency. The resulting amounts for the individual foreign currencies are then combined to determine the Cash FX Translation Gain/Loss shown in the Base Currency Summary.

Here you can see a list of the positions that were in your securities account at the close of trading on the last day of the account statement period.

In this section you can see the settlement of index options and warrants.

This section shows your forex positions at the end of the statement period.

This section contains information about the stocks that are used as collateral for your margin loan.

You can see the number of shares borrowed and lent. This section is only available when the Stock Yield Enhancement Program is active.

This section shows the purchases and sales of securities made during the reporting period.

Trades are sorted first by security class, then by currency, and finally by security symbol.

For transactions that close or reduce a position, the realized profit or loss is shown. Commissions are included in the calculation of the cost basis and realized gains or losses.

For Mark-to-Market (MTM) calculations, commissions are not included in the MTM calculation. Instead, they are shown separately in the Mark-to-Market Performance Summary. If this section does not appear in your account statement, there were no trades during the selected reporting period.

The tax withheld for transactions is presented sorted by asset class and currency.

If separate fees or taxes are due for a transaction, for example due to national regulations, they will appear in this section.

Here you will find a list of all corporate actions, sorted by asset class and currency.

If there are options available for Corporate Actions related to the securities in your portfolio, you can view and manage them in the Corporate Action Manager in the Client Portal. For more information click here.

You can also find additional information directly on the websites of the respective companies under the Investor Relations section. For general information on Dividends, please consult this page.

This section shows securities transfers to or from another broker.

This section lists deposits and disbursements as well as internal transfers.

This section of the standard statement displays all incoming and outgoing cash transactions of your account for the reporting period, sorted by currency. The totals are displayed at the end of the section.

This section shows all fees for your account. These include market data fees, dividend fees, and other fees. Amounts are totaled at the bottom of the section.

This section lists all dividend payments (as of the payment date) sorted by currency. Each currency total is displayed in your base currency. In addition, each line shows the price per share, the applicable currency and the income type (for example, Ordinary Dividend).

This section shows any required tax withholdings. In rare cases, local tax authorities will require us to withhold taxes.

Interest received is the interest that is actually received after the close of the month. Interest that has been accrued during the month is backed out of the Interest Accruals section of the statement at the time of recognition of interest received. The Interest Received section is sorted by currency, converted to the base currency, and tied to the Mark-to-Market Performance Summary in Base and Cash Report sections of the statement.

This section shows interest accruals for each currency and bonds held. Interest accruals are converted to your base currency using the daily currency conversion rates. Interest accrues daily throughout the month and is paid or charged once a month on the third banking day following the month’s end. When interest is paid or charged to the account, the daily accruals are reversed. Interest accruals are a balance sheet item and are included in the Net Asset Value (NAV) in Base Currency section of the statement.

This section displays the change in dividend accruals for the period. At the top of the section is the Starting Dividend Accruals in Base Currency, followed by a list of accrued dividends sorted by currency and underlying symbol. At the bottom of this section is the Ending Dividend Accruals in Base Currency. The postings (with code Po) are done for new accrual additions to the account. The reversals (with code Re) are done for the following three reasons: correction in dividend accruals, cancellation in dividend accrual, and reversal due to payout in cash.

The price you pay if you short a stock. This section of the Activity Statement displays daily shorted stocks and the associated borrow rates and fees.

This section for customers participating in the Stock Yield Enhancement Program shows the details of securities lent. The data in this section is sorted by currency.

This section for customers participating in the Stock Yield Enhancement Program shows the lending activity of securities lent.

This section for customers participating in the Stock Yield Enhancement Program shows details of interest earned on securities lent.

This section displays the security IDs for stocks and bonds as well as expiry and other identifying information for options and futures. Information in this section is sorted by asset class.

This section explains all of the code abbreviations that appear in the Code column of different statement sections.