purchase and sale statement
- purchase and sale statement
A form required to be sent to a customer when a position is closed; it must describe the trade, show profit or loss and the commission. The CENTER ONLINE Futures Glossary
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purchase and sale ( P&S) statement
A statement issued by an FCM to a customer when his or her futures or options position has changed, showing the number of contracts involved, the prices at which the contracts were bought or sold, the gross profit or loss, the commission charges, and the net profit or loss on the transactions. Chicago Mercantile Exchange Glossary
Financial and business terms.
2012.
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