AMP Statements Overview (Comprehensive)

Below is an example of the AMP statement, providing descriptions of the different sections.

Cover Page

The statement will provide the Account Name and Mailing Address on the top left side. The trade date along with the Account Name and Account Number will be listed on the top right side.

Clients with AMP directly will see “Introduced By: AMP Trading”. If your account is through an Introducing Broker, you will see the Introducing Broker’s name instead.

Trades Confirmations

The trades will be separated by contract traded and will be ordered by trade price – from lowest to highest price. Underneath the trade listing will be the fee details for those trades. The fees will be broken down by category.

If you’ve traded an option, you will see the PREMIUM listed in the fee details.

Note: DR is a negative value. Fees are marked as DR because these are charges.

Purchase and Sale

The trades will be separated by the contract traded. At the end of the trade listing, you will see the Realized Profit/Loss from the offset trades. The trades will be listed in a different manner than the Trade Confirmations section. The statement's Purchase & Sale portion begins with the lowest closing price and continues from low to high. The offset contract is determined by the closest internal trade number assigned by the AMP Back Office system.

Note: CR stands for positive values. The trade in the above example was profitable.

Delivery and Cash Settlement (Financially Settled Futures)

Expired positions for financially settled products are offset against the exchange’s final settlement price. Each offsetting transaction is shown under the Delivery and Cash Settlement portion of the statement. You will see the Realized Profit/Loss from the offset trades.

Expirations (Abandoned Options)

For options that expire out of the money and are abandoned, P&L FOR INFORMATION ONLY represents the premium originally paid for the contract.

Exercises (Exercised Options)

P&L FOR INFORMATION ONLY represents the premium originally paid for the contract.

Under Trade Confirmations the exercised option will appear as EXERC.

Open Positions

The Open Positions section will list each position held open after the close of the trade date. It will show whether the position is long/short, the quantity, the contract and price as well as the Open Trade Equity based off the exchange’s settlement for the trade date.

Journal Entries

The Journal Entries will provide all payments/receipts for the trade date. Payments/Receipts may include: deposits, withdrawals, monthly market data fees, regulatory code transfers, internal transfers, etc.

Account Summary

The first columns, prior to the Base Currency USD column, provide a breakdown of the balances by currency and regulatory code. Any, but not necessarily all, of the rows in the example will be listed:

Account Cash Balance - the realized cash balance at the start of the trade date

Payments/Receipts – the total of the journal entries

Premiums – the premiums paid or received for the options traded

Total Commissions & Fees – the total of all per-contract, per-side fees for the trade date (as previously broken down in the Trades Confirmations section). Underneath this, it will separate out the fees into the different categories

Open Trade Equity – the unrealized profit/loss of any open futures position based on the exchange settlement

Total Equity – the New Cash Balance + Open Trade Equity

Option Market Value – the market value of options held

Net Liquidating Value – Total Equity + Option Market Value

Initial Margin – the exchange initial margin for positions held

Maintenance Margin – the exchange maintenance margin for positions held

Margin Default/Excess – the amount total equity is in excess or in deficit of the initial margin amount

New Cash Balance – the ending realized cash balance for the date

All account statements provide a column titled “Base Currency USD”. This provides the USD-value of the account. It doesn’t necessarily mean that you only hold funds in USD. The preceding columns will provide a breakdown of your balances by currency and regulatory code. If you hold foreign currencies, you will see the SPOT RATE on the statement used to calculate the estimated USD-values under the Base Currency USD column.

Last Five Net Liquidating Values

The Last 5 Net Liquidating Values is an informational field – for the changes in the balances held, you will want to review the Account Summary portion of the statement as described above. The Last Five Net Liquidating Values at the bottom of the statement are expressed as estimated USD-values. The first column will be the Net Liquidating Value for the past five trades dates including the statement date. The second column will show the change from day-to-day across those five dates. If you are holding positions over the close, the Net Liquidating Values will include Open Trade Equity marked to market based off the exchange settlement price. Therefore, the change in Net Liquidating Value will include changes in the value of the positions held. Additionally, the change in the Net Liquidating Value from the previous to the current date will show any fluctuations in the exchange rate against the US Dollar for the foreign currency balances.