Transactions

Unlinked transactions

Unlinked transactions occur when a prime broker manually makes transactions on an account that is common with the subordinate broker. For example, if a superior broker has made a cash-in to a white label broker's account, then a transaction of this type will appear in the Unlinked Transactions tab and the white label will need to link it to the account of the required client.

Nettings

Netting - is the settlement that takes place on that day, from the definition "The process by which a customer's monetary claims are set off against his monetary obligations. The netting results in a net balance for each client - a position - you can understand that this is netting. In the system, netting is any cash movement on accounts (except cash-in and cash-out).

In this subsection transactions are prepared to transfer assets/funds between accounts within the system. The transactions are prepared automatically by the system based on trades. No changes can be made here; in order to change a transaction, the appropriate changes must first be made in trades.

The following filters are available in the tab:

Name	Description
Netting types	netting types (e.g., daily P/L, tax, dividend)
Sub type	netting subtype (e.g. transfer fee, minimum custody fee)
Instrument	instrument name
Currency	quoted currency of the instrument
Category	instrument category

Important! If auto-netting is enabled, transactions for netting and auto-conversions are executed immediately with the actual value date. If netting is performed on an instrument without a TOD tenor, conversions and netting will be executed immediately, but at the end of the trading day, the section will still indicate that they have not yet been processed.

When the Currency setting is enabled, the table will display only nettings formed as a result of settlement transactions.

When the Strict netting date setting is enabled, the table will display only those nettings whose execution date is strictly equal to the specified one. When disabled, the table will display all nettings ready for execution.

Netting types

There are the following types of netting

Name	Description
Daily P/L	to transfer the amount of funds to settle transactions on non-deliverable assets such as FX (if a position rollover has been made), FU, OP. Daily P/L transactions appears in result of the TRADES execution such as Direct and Close rollover & Open rollover;
Settlement	to transfer the amount of funds and assets to delivery assets such as Cash Forex, Cash Crypto, EQ, BO. Settlement P/L transactions result from types of trades such as Direct;
Conversion	to transfer the amount of funds resulting from the conversion (POSITION TRADE INITIATED BY CLIENT/TRADER) of trades;
Asset Transfer	for the transfer of deliverable assets such as EQ and BO, Cash Crypto. Asset transfer appears from Transfer trades;
Coupon	to credit coupon payments, appears from Coupon trades;
Dividend	for crediting dividend payments, appears from Dividend trades;
Trade commission	to transfer the amount of trade commission (if the Commission condition is set as % or amount per contract in the tariff);
Custody fee	a fee for custody of securities, also set in the Tariff and calculated every day and deducted once a month;
Introducer fee	bonuses from referred clients (set up optionally) paid by the final client subject to the agreement with the broker (who will pay the %). The % is paid from the commission paid by the client to the broker (including markup and commission (set in the Comission conditions section in Tariff settings)) minus the external commission (paid by the broker to the liquidity provider).

Conversions

Conversions in this subsection conversions are prepared for those accounts for which the corresponding setting is set in the Netting settings under the Conversions subsection. Conversion is always a CASH-instrument operation. I.e. one currency is debited and another is credited. They can be sorted by netting type, instrument, base currency and category. Even if these types of instruments are not available to the client for trading, the conversion will still be a CASH instrument. Conversions always result in a real balance change. Conversions are shown as references to the instrument whose transaction was the catalyst. But the conversion transaction is CASH.

The following filters are available in the tab:

• Account - the account on which the conversion transaction was formed;
• Instrument - the instrument on which the conversion transaction was formed;
• Original currency - the quoted currency of the instrument;
• Category - the asset category.

Nominal accounts

Non-zero balances of currencies are displayed in the Nominal account tab if that currencies are available for the nominal accounts opened in the system.

When you click on a nominal account, a sidepage will open containing tabs with information about the assets in the account, as well as the positions that are open on it:

Click the Transfer button in the Assets tab, the system will prompt to select the account to which the funds will be transferred.

Negative accounts

Negative accounts tab shows all client accounts with negative balances for some currencies.

When you click on account, a sidepage will open containing tabs with information about the assets in the account, as well as the positions that are open on it.

The Positions tab displays the positions that are currently open on the account. The functionality of the tab is similar to that of the Summary tab account.

Conversion rates

The Conversion Rates tab displays the rates at which conversions will be generated in the corresponding section tab. The table contains the following fields:

Name	Description
Instrument	Cash instrument for which the conversion rate is formed.
Value date	Value date of the conversion trade.
Rate	The rate according to which the conversion will be calculated.

Conversion rates are filled in automatically, according to the Netting settings set on the account.

If there is no conversion rate or if you need to change it, your own rate can be entered in the input field and click the Save button.

Please note! If a conversion transaction for a trade exists, then to change the conversion rate, it must first be deleted from the Conversions tab.

Unlinked transactions

The tab displays transactions that have been received from the upstream broker in the account shared with the whitelabel, but have not yet been linked to client accounts.

When you click Link in the row with any of the transactions, it will open a sidepage where you need to select the transaction type and the correspondent account to which the transaction will be attached:

A transaction from an upstream broker can be divided between several client accounts by pressing the Add account button and specifying the volumes in the corresponding fields.

In the Comment field you can specify a comment that will be available for viewing for both the broker and the client.

• EOD-rates are loaded automatically from the source linked to the platform. If necessary it's possible to connect other sources. The rates are loaded at 00 o'clock according to the broker's time zone.

• Under management accounts can either be accounts opened at the broker that are opened at other organisations that use the platform; or it can be the primary broker's account at the white label.

Please note! If the white label has already closed the day, the broker can not change the account; you have to ask the white label to open the day first.