Purpose: to ensure that the net of all transactions grouped by currency sums up to zero at the end of the trading period.
Section 1: Summary By Currency:
This will show the net position of each participant of the trading cycle. The sum of all the net positions for any currency should be net 0 as shown in Figure-1
Positive amounts mean the institution will receive the asset from the depository at settlement
Negative amounts mean the institution must deliver the asset to the depository for settlement
Section 2: Fees to Exchange, Depository & Blockstation
Fees are broken down by currency for each of the market providers as shown in figure 2. These amounts should perfectly match with the Summary by Currency above.
Section 3: Settlement Details By Broker
The Settlement Reconciliation Report is further broken down by Broker. At the top there is a summary of fees charged by the market providers on the left, and a Commission Summary earned by the broker from their clients on the right as shown in Figure 3.
Below the summary for the Broker is the detailed transactions grouped by currency shown in Figure 4. You will notice the totals of each group in the transaction details will match the corresponding Amount and Fee Column of the Summary for the Broker shown in Figure 3.
The following is an explanation of each column in the Transaction Details. Please note each row in the transaction table belongs to an Asset Grouping (BTC, USD etc)
Date the order was placed
The Market pair the trade was made against
The Broker # on the other side of the transaction
The internally generated unique ID
The qty ordered
“S” if it was a Sell order and “B” if it was a buy order
The price of the fill. There can be multiple fills per order
The qty filled. There can be multiple fills per order
The amount of fees charged by the Exchange, Depository & Blockstation
( Fill Qty x Fill Price) - (Exchange, Depository & Blockstation Fee)