EQUITY - Equity Reporting
What is EQUITY
The main report is the 'combined statement' where the different trade type requirements for funding, the cash, any securities held are listed per account by currency. The complete account exposure is shown ready for call/surplus action. The methodology of how certain columns of the report are determined is shown as a legend on the selection page to assist/confirm to the administrator what values s/he is viewing. Accounts are maintained with a 'segregate' code in CLI which is used to produce separate sections of this report. The brokers can also be split between a seg and non-seg version of their account. The grand totals of EQUITY are shown for clients and brokers by each currency.
There is a ‘what-if’ feature which allows the user to review all accounts that would be ‘on call’ if the F&O, CFD market prices fluctuated by a % (user entry). This is an useful feature if the markets were moving rapidly whereby the administrator could enter ‘-10%’ as a what-if movement and the results would show the accounts that would need to be called .
The other report styles in EQUITY allow for more detailed analysis for the various instruments e.g. F&O, CFD, FX. There are other options for different report sequences e.g. Country /account and family. The family grouping is controlled in CLI where any accounts can be grouped in families for report consolidations.
The definition of how Variation margins are calculated can be viewed in TOPEN. How the values are applied in the different reports of EQUITY can be viewed as a legend on the reports.
The different styles are:-
a) Combined Statement; reports all the different instruments that an account could be trading e.g. FX, CFD, Futures, Forward Options Value and shows current call/excess & liquidity situation. Forward Options are calculated as the VM for Long positions where the Premium has been paid. Where the Premium is held, the F&O VM will include the VM for those Options. The un-posted Commissions column is determined by content of CLI/View/trading details/Unposted comsn in equity.; see help? In CLI for options available.
b) Detailed Equity Report; illustrates for each account a line per F&O code with its deposit, variation margin etc. There are many different Reporting sequences available which have their own help? to explain content. The Combined Statement will use the accounts CLI/trading Base Currency for determining it’s equivalence values. The reports totaling per sector will use the Company Base Currency for its equivalence totals.
c) Summary Equity Report; same report style as ‘detailed equity’ except summarises by 1 line per account for their F&O situation in target currency units
d) Summary Equity Report by currency; same as ‘summary equity’ but reports a line per account/currency
e) Detailed Equity in Brokers recap style; shows the same report style as b) and additionally provides a ‘broker style’ summary review
f) FX Equity; produces a simple report applying the ledger balance and FX deposits/margins to establish FX liquidity
g) CFD enquiry; lists accounts with CFD positions and their current margin & liquidity
h) Margin Call Sheet; similar to Combined statement with additional limit columns and exception conditions. See the legend printed on page 1 for more details. The report sequence is fixed as Department/Family Account/Account