What is the meaning of ‘Payment in Progress’ in the Samco application? A “payment in progress” status means that the amount deducted from your bank account is in the process of being revalidated by the bank. The deducted amount from your bank account will be reprocessed by the bank on […]
What is Contract Note and how to read it?
A contract note, which describes the specifics of a transaction done by investor/trader, is essentially a legally binding document. It gives a brief overview of the executed trades, including their date, time, and price. It also contains crucial details like the number of shares purchased or sold, the brokerage costs, […]
What is DP Bill/Transaction Statement and how to read it?
For individuals involved in stock market investing, the Demat account is an indispensable tool for holding and managing securities in electronic format. Within this realm, the DP Bill/Transaction Statement emerges as a crucial document that provides a detailed record of all activities related to your Demat account. A DP Bill/Transaction […]
What is a Statement of Account and how to read it?
What is a Statement of Account? 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 […]
What is Weekly Statement and how to read it?
What is a Weekly Statement? 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 […]
What is Retention Statement and how to read it?
What is a retention statement? 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 […]
What is Monthly Ledger Statement and how to read it?
What is a monthly ledger statement? 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, […]
What is Annual Global Transaction Statement and how to read it?
In the realm of personal finance and investments, it is essential to keep track of one’s financial activities, and maintain a clear overview of transactions made throughout the year. The Annual Global Transaction Statement (AGTS) report emerges as a valuable tool in achieving these goals. The AGTS report is a […]
What is Margin Statement and how to read it?
The margin statement is not merely a piece of paper filled with numbers; it is a powerful ally that empowers users with transparency and accountability. By offering a clear snapshot of one’s position, it enables users to make informed decisions, manage risks, and seize opportunities with confidence. Whether you are […]
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