PT Rifan Financindo Berjangka Solo

Selasa, 18 Juni 2013

Transaction Illustration

Formula:
[(Selling Price – Buying Price) x Contract Size x n Lot] – [(Commission + VAT) x n lot]
Description:
-       Selling Price - Buying Price is the difference of the close positions (bought/ sold) minus the open positions (bought/sold).
-       Contract Size (Contract Value) is US$ 5 per point for stock indexes and 100 Troy Ounce for Loco London Gold.
-       n Lot, n is the amount Lot had been traded.
-       Commission Fee per lot is US$ 5 per lot per side (bought or sold). So the total cost of a commission is US$ 10 for 1 Lot settlement.
-       VAT (Value Added Tax) is 10% of the commission, or US$0.5/lot. Total VAT is US$1 for 1 Lot settlement.
If the settlement of transactions conducted over 1 day (overnight) then each transaction will be applied overnight fee (roll-over fee). (See on the Trade Table).

Example 1 (HKK5U)
A customer take the transaction HKK5U at 18,000 level as much as 2 lots (Open Buy  2 lots),  which  he predicted that  prices  will  move  higher.  In the  second session  the  price  moves  up to the level  of  18,400  and the  liquidated all the position at level 18,300 (Close Sell 2 lots).

Calculation:• Open Buy (a.k.a New Buy) 2 lots at 18,000
• Close Sell (a.k.a Liquid Sell) 2 lots at 18,300
Based on the formula:
P/L = [(18300-18000) pts x US$5 x 2 lots] - [(US10 + US$1) x 2 lots]
P    = (300 pts x US$10) - US$22
P    = US$2,978
Net profit for customers is US$2,978.
Note: P = Profit, L = Loss

Example 2 (JPK5U)
An investor estimate the Nikkei 225 index will fall, then at that point investors immediately took the selling positions at the level of 14,850 points as much as 2 lots. Two days later, the investor closed the positions when the price stood at 14,650 points.


Calculation:
P/L         = [(Selling Price - Buying Price) x Contract Size x n Lot] - [(Fee US$10 + VAT) x n Lot]
P    = [(14,850-14,650) x US$ 5 x 2 lots] - [(US$ 10 + US$ 1) x 2 lots]
P    = (200 points x $ 5 x 2 lots) - (US$ 11 x 2 lots) = US$2,000 - US$22
P    = US$1,978 (gross profit)
Due to the transaction completed over one day (overnight), it will be applied roll-over fee as much as US$8 (US$2 x 2 lots x 2 nights), thus net profit is US$ 1,978 - US$8 = US$1,970

Example 3 (XULF)
A customer predicts the Loco London gold price in the positive trend and he plans to take positions XULF contract. When taking a position, he got the price at the level of $1,175.30 / troy ounce as much as 2 lots. However, the price had dropped to as low as $1,160.65 / troy ounce, and he had to liquidate the position as much as 1 lot at $1,165.30 / troy ounce. The rest (Open Buy) that he had liquidated the next day when the price stood at $1,190.20 / troy ounce.

Calculation:
The first day
P/L    = [US$(1165.30 - 1175.30) / troy ounce x 100 troy ounce x 1 lot] - [US$(10 + 1) x 1 lot]
L        = - US$1000 - US$11 = - US$1,011
Day two
P/L    = [US$(1190.20 to 1175.30) / troy ounce troy ounce x 100 x 1 lot] - [US$ (10 + 1) x 1 lot]
P        = US$1,490 - US$11 = US$1,479
Because it traded more than 1 (one) day of the roll-over fee charged:
US$5 x 1 lot x 1 night = US$5
Net profit for clients is -US$1,011 + US$1,479 - US$ 5 = US$463


CODE & TYPE CONTRACT
CONTRACT CODE
BASIC
CATEGORYRATES
TYPE OF CONTRACT
GU1010_BBJ
GBP/USD
DIRECT
Scroll Daily Spot Price Contracts Great Britain Pound Sterling (GBP) against US Dollar (USD)
EU1010_BBJ
EUR/USD
DIRECT
Rolling Contract Daily Spot Price Euro (EUR) against US Dolar (USD)
AU1010_BBJ
AUD/USD
DIRECT
Rolling Contract Daily Spot Price Australian Dollar (AUD) against US Dolar (USD)
UC1010_BBJ
USD/CHF
INDIRECT
Rolling Contract Daily Spot Price US Dollar (USD) against Swiss Franc (CHF)
UJ1010_BBJ
USD/JPY
INDIRECT
Rolling Contract Daily Spot Price US Dollar (USD) against Japanese Yen (JPY)
ILLUSTRATION OF CALCULATION OF TRANSACTION
Calculation of Profit or Loss (P / L):
For DIRECT RATES:
P / L = (Selling Price-Purchase Price) x Contract Size x Number of Lots
For INDIRECT RATES:
P / L = (Selling Price-Purchase Price) / Liquidation Price x Contract Size x Number of Lots
  1. Transaction EU1010_BBJ (Daytrade)
A client predicts the spot price of the Euro will rise, then he took a position at the price of 1.3530 EU1010_BBJ buy as much as 2 lots. Not long after liquidating customer positions opening at 1.3540 price as much as 2 lots (clear position). The gain or loss of customers is:
P/L = (Selling Price-Purchase Price) x Contract Size x n Lot
P/L = (1.3540-1.3530) x 100.000 x 2
P = 0,0010 x 100.000 x 2
P = USD200
Customer gains of USD200 (not charged commissions and transaction taxes).
However, if liquidated at the price of 1.3525 then the calculation is:
P/L = (1.3525-1.3530) x 100.000 x 2
L = -0,0005 x 100.000 x 2
L = -USD100
Customers get a loss of USD100 (not charged commissions and transaction taxes).
  1. Transaction UJ10101_BBJ (Daytrade)
A client predicts the spot price of USD / JPY will fall, and then he took a position selling UJ1010_BBJ contract price of 102.20 on 1 lot. A few hours later the customer liquidate the 102.12 price. Then the calculation is as follows:
P/L
= (102.20-102.12)/102.12 x 100.000 x 1
= 0.0007834 x 100.000 x 1
= USD78.34
Customers benefit for USD78.34 (not charged commissions and transaction taxes).
But if the spot price of USD / JPY price actually rose to 102.27 and liquidated at the same price, then:
P/L = (102.20-102.27)/102.27 x 100.000 x 1
= -0.0006844 x 100.000 x 1
-USD68.44
Customers get a loss of USD68.44 (not charged commissions and transaction taxes)

 
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