A Statement of Account is a document that is issued by a broker to a trader or investor. It summarizes all of the transactions that have taken place in the trader or investor’s account over a specified period of time. This includes information such as the date of the transaction, the quantity traded, the price per share, the total value of the transaction, and any fees or charges that were applied.

Why is a Statement of Account important?

A Statement of Account is important for a number of reasons. First, it allows traders and investors to keep track of their investment activity. This can be helpful for identifying any trends in their trading or investment performance. Second, it can be used to verify that all of the transactions that have taken place in their account have been processed correctly. Third, it can be used to calculate capital gains or losses for tax purposes.

How to get a Statement of Account?

Traders and investors can usually get a Statement of Account from their broker by logging into their account online or by contacting their broker in this case Samco directly.

Here are some additional tips for using a Statement of Account:

• Review your Statement of Account carefully each month. This will help you to identify any unauthorized transactions or errors.
• Keep all of your Statements of Account in a safe place. This will make it easier to track your investment performance over time and to calculate capital gains or losses for tax purposes.
• If you have any questions about your Statement of Account, contact your sub-broker.

Let’s under how to read the Statement of Account report:

Transaction Date: This contains the date on the particular transaction carried out

This information is important in order to track when a transaction took place, as well as to ensure accuracy when reconciling records and statements.

Settlement Date: This contains the date on which the trade has been settled.

Clearing Corporation/Clearing Member: This indicates the CM/CC name i.e NCL (NSE Clearing Limited)

Segment Type: This indicates on which segment the trade is settled.

Settlement No: This indicates a unique settlement no of a particular transaction carried out

Particulars/Narration: This contains the narration of the transaction carried out. The details/narration section contains information about the transaction such as the type of transaction, the date, and the amount involved.

Voucher No: This indicates the voucher no of a particular transaction carried out

Debit: This contains all the debit amount from the transactions made

Credit: This contains all the credit amount from the transactions made

Balance: This contains the available balance post debit/credit

Conclusion: A Statement of Account is an important document for traders and investors. It can be used to keep track of investment activity, and verify that transactions have been processed correctly.

The post What is a Statement of Account and how to read it? first appeared on Support | Samco.

The contract note is more than simply a piece of paper for traders and investors. It showcases their involvement in the market and promotes accountability and transparency. The document serves as ownership proof and can help in settling any potential legal issues in the future.

Why is a Contract Note important for you?

• A contract note is a detail report of all the trades and transactions undertaken in the day
• Contract note makes the trading experience transparent by giving the clients a point of reference to cross-check their trades and transactions.
• Should you be wondering why you have received a (marginally) lower amount than the price you sold your stocks at, or why you are being asked to pay a higher amount for your purchase than the trading price of the stock, you will find the details of this on the Contract note.
• All the brokerage charges and taxes deducted can be found in one place.
• Contract note serves as a legal document in case of any dispute due to non-delivery of stocks.
• While calculating capital gains, users can refer to contract notes to know the exact amount received.

Now, lets understand how to read contract note.

How to read contract note?

1. The Order No column displays the exchange order number. This order number acts as a unique identifier for each exchange order entered into the system, so that each order can be easily tracked and managed. This order number is assigned by the exchange.

2. Order time displays the timestamp of when the order was placed, this is helpful for tracking and managing the exchange order, as it can be easily referenced and associated with the appropriate order details. 2. This timestamp allows for users to easily view when a specific order was placed, so they can determine how long it has been in the system and when it is likely to be fulfilled.

3. Trade No displays the trade number on the exchange. This can be useful if a client needs to review the details of a transaction. Knowing the trade number can also help a user verify the authenticity of the order or transaction.

4. The trade time shows the timing of the order’s successful exchange execution.

5. The column labeled Security/Contract description presents the stock or instrument associated with the order. The column typically shows the stock symbol, option symbol, or other instrument that the order was for. This allows the user to quickly determine which order was executed and for what instrument.

6. The ‘Buy/Sell’ column then provides additional clarification for the type of transaction done.

7. Gross Rate/Trade Price Per unit displays the price at which the order got executed.

8. The Net Rate per unit (Rs) column will be the same as the gross rate per unit, as brokerage charges are mentioned separately in the contract notes.

9. The Closing Rate per unit (only for Derivatives) (Rs) pertains to derivative contracts that are carried over and indicates the price at which the contract was closed for the day.

10. The Net total (Before Levies) represents the total amount owed to or by the client before accounting for brokerage fees and taxes.

The last page displays:

• All relevant brokerages and taxes, including exchange transaction tax, GST, STT, stamp duty, and SEBI turnover charge. If the billing address is in Maharashtra, CGST and SGST of 9% each, and IGST of 18% for other states, would be charged.

• At the bottom of the table, it will mention the net amount due or payable.

Things you must know?

• The contract note does not include additional charges such as call and trade fees and DP charges.
• Scrip-wise charges are not listed on the contract note.
• Annual Maintenance Charges (AMC), payment gateway charges, and delayed payment charges are also not displayed on the contract note.

In conclusion, a contract note is an essential component of the stock market ecosystem since it gives traders and investors a detailed record of their activities. By understanding their own components and significance, you can enhance your trading/investment decision-making process and maintain a systematic approach to your trading activities.

The post What is Contract Note and how to read it? first appeared on Support | Samco.

Whether you are an investor or trader, the margin statement acts as a financial mirror, reflecting your successes and warning you of potential pitfalls. It helps you gauge the health of your investment portfolio, assess your borrowing capacity, and identify areas for improvement.

In conclusion, the margin statement is a vital component of the financial landscape, providing users with crucial information to navigate the complexities of investments. It arms individuals with knowledge, encouraging responsible decision-making and helping them achieve their financial goals. Remember, with the margin statement in hand, you hold the key to unlocking a world of financial control and resilience.

The Margin statement attempts to provide the following information:

• The availability of free margin in the account to open fresh positions;

• The margin required by the exchanges for the positions taken or retained.

• Margin deficiency in the account, allowing the clients to keep enough money on hand to prevent any margin penalties. Information on the stock valuation, if pledged.

The daily margin statement is sent to the registered email address on the days when the client has traded.

How to read it?

Looks really complex, doesn’t it? Don’t worry we will help you to understand the same.

Funds – (A): This column shows the fund balance after reversing the effect of T-day credits and debits of the Equity, F&O and CDS (Currency derivative) segments. Reversing means deducting the unsettled credit obligation and adding back the unsettled debit obligation because it takes T+1 day for Equity, F&O and CDS amounts to get settled.

Value of Securities – (B): This column shows the collateral margins. Collateral margins are the margins received from pledging the stocks after the applicable haircut. Annex B explains the breakup of securities pledged.

Total Margin Available (F (A+B+C+D+E)): This is a summation of A + B + C + D + E [Funds + Value of Securities after haircut + Value of pledged margin after haircut + Bank Guarantee/ FDR + Any approved Margin]. This amount can be used by you as margin for BUY or SELL trades.

Total Upfront Margin (required) (G): This column will tell you about the total upfront margin required for the today open positions and trades.

Consolidated Crystallized Obligation (H): This column shows the MTM margin requirement for all the trades yet to be settled.  

Total Margin Required (J): This column shows the total upfront margin requirement i.e. total of column G,H&I.

Excess Shortfall (K): It shows if you have used all your available margin or if you need to deposit more funds to avoid a penalty. If the number is positive, then you have funds available to be used as margin. On the other hand, if the number is negative, then you need to deposit funds to your Samco Ledger

Additional Margin as per RMS(L): This column shows if there is any additional margin blocked by us as an additional margin.

Margin Status (M): This column shows the excess amount after margin requirement. A negative balance implies no balance available and you need to deposit funds to trade.

Penalty: This column shows if there is any penalty amount levied to your account.

Now that you understand the individual components of a Daily Margin Statement, you can understand the margin amount utilized by you and how much you have available for trade the next day. This statement gives you a bird’s-eye view of the margin balance and helps you plan your trades accordingly.

The post What is Margin Statement and how to read it? first appeared on Support | Samco.

A monthly ledger statement is a document that is sent to a trader or investor by their broker at the end of each month. It lists all of the transactions that have taken place in the trader or investor’s trading account during the month, including:

• Buys and sells of securities
• Dividends and interest payments
• Commissions and fees

The monthly ledger statement is an important tool for traders and investors to track their performance and to make informed decisions about their investments. It can also be used to reconcile the trader or investor’s trading account with their bank account.

How to read a monthly ledger statement?

The monthly ledger statement is a relatively straightforward document. The following is a brief overview of how to read it:

Transaction Date: This contains the date on the particular transaction carried out

This information is important in order to track when a transaction took place, as well as to ensure accuracy when reconciling records and statements.

Exchange Segment: This indicates on which exchange segment the trade is settled in

Particulars: This contains the narration of the transaction carried out. The details/narration section contains information about the transaction such as the type of transaction, the date, and the amount involved.

Debit: This contains all the debit amount from the transactions made

Credit: This contains all the Credit amount from the transactions made

Net: This contains the running total of Debits and Credits

Balance: This contains the available balance post debit/credit

What to do if you have questions about your monthly ledger statement?

If you have any questions about your monthly ledger statement, you should contact our support team. They will be able to explain the statement to you and answer any questions you have.

I hope this blog was helpful.

The post What is Monthly Ledger Statement and how to read it? first appeared on Support | Samco.

The AGTS report is a comprehensive document provided by SAMCO that summarizes an individual’s transactions done via your demat account and financial products over the course of a year. It includes details of Security/Commodity Description, Purchase Quantity, value, and any other relevant activities.

This report serves as a consolidated record of all transactions, enabling you to assess your overall transaction, track investment performance, and identify patterns or trends in their investment behavior. It provides a bird’s-eye view of all account activities, making it easier to analyze and plan future financial strategies.

Furthermore, the AGTS report plays a vital role in tax planning and preparation.­­

Know let’s understand how to read the AGTS report.

How to Read it?

Statement Period: This is the time period covered by the AGTS report. It is a consolidated report for the entire financial year.

Security/Commodity Description: This column lists the securities and commodities that you traded and invested in during the financial year. It also includes information such as brokerage and stamp duty charges.

Exchange: This column indicates the exchange where the trades were executed. The two exchanges in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Segment: This column indicates the segment of the market where the trades took place. The two broad segments are equity and derivatives.

Purchase Quantity: This column shows the number of units of securities or commodities that you purchased during the financial year.

Purchase Value: This column shows the total amount for the securities or commodities that you purchased. This includes the purchase price, brokerage, and other expenses.

Sale Quantity: This column shows the number of units of securities or commodities that you sold during the financial year.

Sale Value: This column shows the total amount for the securities or commodities that you sold. This includes the sale price, brokerage, and other expenses.

This Annual Global Transaction Statement (AGTS) is being sent to you in compliance with a letter from the Securities and Exchange Board of India (SEBI) dated November 27, 2017.

In conclusion, the Annual Global Transaction Statement (AGTS) report is a powerful tool that consolidates an individual’s trading activities, offering a comprehensive view of transactions and aiding in financial analysis, planning, and tax preparation.

I hope this is helpful!

The post What is Annual Global Transaction Statement and how to read it? first appeared on Support | Samco.

A DP Bill/Transaction Statement is a document that is issued by your Depository Participant (DP) to track your transactions in your Demat account. It includes information such as the date of the transaction, the security traded, the quantity traded, the price per share, the total value of the transaction, and any fees or charges that were applied.

DP Bills/Transaction Statements are usually sent out monthly or quarterly, but you can also request a statement at any time from your DP. It is important to keep track of your DP Bills/Transaction Statements so that you can monitor your investment activity and ensure that all of your transactions are being processed correctly.

Here are some of the benefits of tracking your DP Bills/Transaction Statements:

• You can track your investment performance. By tracking your DP Bills/Transaction Statements, you can see how your investments have performed over time. This information can help you to make informed decisions about your investment strategy.
• You can identify any unauthorized transactions. If you see any unauthorized transactions on your DP Bill/Transaction Statement, you can contact your DP immediately to investigate.
• You can claim any refunds or rebates. If you are entitled to a refund or rebate, your DP will usually list it on your DP Bill/Transaction Statement.

How to read it?

DP Bill/Transaction contain 2 different report:

1. Statement of Transaction for the period of one year
2. Total holding till date

Let’s first understand how to read and what to read in the Statement of Transaction report.

Date: In the first column you will see the date mentioned in the DD/MM/YY format. The date represents the various activities which have been taken on particular days.

Ref No: Ref no. is an abbreviation for “reference number.” It is a unique alphanumeric code or identifier assigned to a particular transaction, or entity for the purpose of identification and tracking.

Trans Description: Trans Description refers to a brief explanation or summary of a transaction or activity which has taken place. It’s typically used for identification or reference purposes.

Buy/Cr: In the buy/cr column you can see all the buy/Credit qty.

Sell/Dr: In the sell/cdr column you can see all the sell/Debit Qty.

Balance: refers to the net qty of asset in your demat account.

Charge Amount: Inthis column you will see the amount to the specific sum or value that is being charged or debited from an account or entity as a result of a transaction or service.

That’s all you need to know about the statement of the transaction report.

Now let’s understand how to read the Holding report.

In the ISIN Code: Is an International Securities Identification Number, is a unique alphanumeric identifier used to uniquely identify securities such as stocks, bonds, and other financial instruments. So each stock will have a unique ISIN code.

Company Name: Against each ISIN Code you will find the company name in which you hold stocks in.

 Free Bal: Is the quantity of share you have in your holding till the date of the report.

Rate: Is the Current market price of the stock you have in your holdings till the date of the report.

Value: In the value column you will understand the total value of your holding in which you have your investment.

Conclusion: DP Bills/Transaction Statements are an important tool for investors. By tracking your DP Bills/Transaction Statements, you can track your investment activities.

The post What is DP Bill/Transaction Statement and how to read it? first appeared on Support | Samco.

A weekly statement is a document that is issued by broker to traders and investors on a weekly basis. It contains information about all of the transactions that have taken place in the trader or investor’s account during the previous week. This information includes the date, and as well as the total amount of money that was traded.

Why is a Weekly Statement Important?

A weekly statement is an important tool for traders and investors because it allows them to track their performance over time. Additionally, weekly statements can be used to identify potential problems with a trader or investor’s account, such as unauthorized trading or fraud.

How to Get a Weekly Statement?

Sub brokers like Samco automatically send weekly statements to their clients, but traders and investors can typically request a weekly statement from their broker any time they want. If you are not sure how to get a weekly statement, you should contact our support team they will help you out.

Let’s understand how to read the weekly statement.

Transaction Date: This contains the date on the particular transaction carried out

This information is important in order to track when a transaction took place, as well as to ensure accuracy when reconciling records and statements.

Exchange Segment: This indicates on which exchange segment the trade is settled in

Particulars: This contains the narration of the transaction carried out. The details/narration section contains information about the transaction such as the type of transaction, the date, and the amount involved.

Debit: This contains all the debit amount from the transactions made

Credit: This contains all the Credit amount from the transactions made

Net: This contains the running total of Debits and Credits

Balance: This contains the available balance post debit/credit

Conclusion: A weekly statement is an important tool for traders and investors. It allows them to track their performance over time, identify trends, and potential problems. If you are a trader or investor, you should make sure to get a weekly statement from your sub-broker.

By using weekly statements wisely, you can improve your trading performance and protect your investments.

The post What is Weekly Statement and how to read it? first appeared on Support | Samco.

A retention statement is a document that is sent to a client by their broker. It lists the funds that the broker has retained from the client’s trading account, and the reason for the retention.

Why do brokers retain funds?

Brokers retain funds from their clients’ trading accounts for a number of reasons, including:

• To cover margin requirements: When a client trades on margin, the broker must hold back a certain amount of funds in the client’s account to cover potential losses.
• To meet regulatory requirements: SEBI (Securities and Exchange Board of India) requires brokers to transfer any excess funds in a client’s trading account back to the client’s bank account once a quarter. However, brokers can retain up to 225% of the client’s End of Day (EOD) margins if the client has an outstanding position on the quarterly settlement date.

What happens to the retained funds?

The funds that are retained by a broker are held in a separate account. These funds are not used by the broker for any other purpose, and they are not invested. The funds are simply held in reserve to cover potential losses or to meet regulatory requirements.

How do I get my retained funds back?

Your broker will automatically transfer your retained funds back to your bank account at the end of each quarter. You do not need to do anything to request the transfer.

How to read the Retention Statement?

1. In section A indicates free balance available in the client’s ledger. Unencumbered balance in client’s ledger is indicated by this column.
2. In section B indicates the value of pledged/unpledge value of the securities, i.e. if the client has pledge tata motors and the post haircut margin released was 1,00,000, in this case 1,00,000 will be displayed in B column
3. In section C indicates the explanation regarding retention of funds bifurcation in different segments
   
   

If the funds in the Samco Ledger were greater than permissible retained fund, the excess funds would have to be transferred back to the client’s primary bank account.

• In section D indicates the total fund retained by the broker as per the circular     
• In section E indicates the total fund released greater than the retained amount

What if I have questions about my retention statement?

If you have any questions about your retention statement, you should contact our support team. They will be able to explain the reasons for the retention and answer any questions you have.

Here are some additional things to keep in mind about retention statements:

• Brokers are required to provide retention statements to their clients in a standard format.
• Clients have the right to request a copy of their retention statement from their broker at any time.

The post What is Retention Statement and how to read it? first appeared on Support | Samco.