Purchase and Sale Statement

This Issue in United States

Concept of P&S (Purchase and Sale Statement) in Futures Trading

In this context of financial law, the following is a definition of P&S (Purchase and Sale Statement): A statement sent by a futures commission merchant to a customer when any part of a futures position is offset, showing the number of contracts involved, the prices at which the contracts were bought or sold, the gross profit or loss, the commission charges, the net profit or loss on the transactions, and the balance. Futures commission merchants also send P&S Statements whenever any other event occurs that alters the account balance including when the customer deposits or withdraws margin and when the FCM places excess margin in interest bearing instruments for the customer’s benefit.

Purchase and Sale Statement

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See Also

• P&S
• Futures Trading
• Consumer Protection
• Consumer Finance