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 the changes in value of your positions based on daily closing prices.

Considerations of Mark-to-Market (MTM) show how much profit or loss has been generated during the period, regardless of whether positions are open or closed. Transactions to open or close positions are not reconciled using this method. MTM calculations assume that all open positions and transactions are settled at the end of each day and new positions are opened the next day. It does not include profit or loss considerations from position closure. These can be found in the Transactions section.

In column Position, you can see the value change of each position based on the final price. Here, the difference between your position from the first to the last available final price is displayed.

When you carry out a transaction, usually there is already a profit or loss during the trading day. The difference between the transaction price and the closing price of the day is captured in the column Transaction.

Commissions and other costs (total amounts of dividends, withholding tax, profit and loss from capital measures, coupons, and accrued bond interest) are also moved to separate columns since they cannot be captured by the difference in security closing prices.

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 the changes in your cash balances.

In this overview you will find the turnovers and movements of your cash. For this purpose, the cash report is separated according to your currencies In the upper area you’ll get a total overview, converted into base currency

Gain/loss from cash currency conversion

The actual (realized) gains or losses can only be determined once the foreign currency position has been closed. The amount reported under Gain/loss on foreign currency translation is therefore not an actual realized gain or loss.

To determine the actual (realized) gain/loss from cash currency conversion, the difference between the exchange rates of the current and previous period is formed and multiplied by the opening balance.

Example
The closing exchange rate for CHF on 01/14/20XX was 0.83264 and on 01/15/20XX this value was 1.00170. According to the above calculation, this results in a difference of 0.16906.

If we multiply this value by the cash opening balance (e.g.: CHF -10,000.00), this results in a cash FX translation loss of EUR -16,906.00 for the foreign currency CHF.

Provided that we apply the same calculation to the other foreign currency holdings, the sum of the individual values for each foreign currency will result in the total amount reported for 01/15/20XX for the Cash FX Translation Gain/Loss item.

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 of the account statement contains information on the shares used in whole or in part to collateralize your margin loan. In the column Securities separated find the assets that are not currently used as collateral for a 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 all purchases and sales you have made during the reporting period.

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

Gains and losses are reported under this heading for all realized (completed) transactions. Commissions are netted to calculate the cost basis and realized gains or losses. For the MTM, commissions are not netted and are shown as a separate line in the Market-to-Market Performance Overview.

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 during the month and is paid or charged once a month after each month’s close. 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 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.