Purchase And Sale Statement - P&S


DEFINITION of 'Purchase And Sale Statement - P&S'

A statement communicating adjustments or transactions affecting the margin of a futures trader. The purchase and sale statement is given to the customer by a Futures Commission Merchant whenever a position in a contract is offset or closed out. The P&S statement serves as a summary of the most recent account activity, delivering details of transactions and any changes in margin.

BREAKING DOWN 'Purchase And Sale Statement - P&S'

The P&S statement is similar to a receipt for futures transactions. It includes the price, the number of contracts, commissions charged, and the gross or net profit at the conclusion of the deal. A P&S statement is also used to report the new balance of an account, such as when a customer adds or withdraws funds.

  1. Futures Market

    An auction market in which participants buy and sell commodity/future ...
  2. Margin

    1. Borrowed money that is used to purchase securities. This practice ...
  3. Commission

    A service charge assessed by a broker or investment advisor in ...
  4. Musawamah

    An Islamic finance term that describes a sale in which the seller ...
  5. Futures

    A financial contract obligating the buyer to purchase an asset ...
  6. Futures Commission Merchant - FCM

    A merchant involved in the solicitation or acceptance of commodity ...
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