Single Stock Future - Record Sell to Close Transaction

Considerations

A future is a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. A single stock future is a contract with an underlying of one particular stock, usually in batches of 100. No transmission of share rights or dividends occur.

Use this page to sell or "close" a single stock future contract.

Click one of the icons above to view either a list of the transactions available for that category, or click the Baseline Holdings icon to access the Add New Baseline Holdings page.

Procedure

From the Manually Record Trades page, click the Single Stock Future icon to access the Single Stock Future - Record Transaction page. From this page, select Sell to Close from the Action drop-down list. The Single Stock Future - Record Sell to Close Transaction page displays.

1. Select the account to which to record this transaction, from the In Account drop-down list. If you only have one account, this drop-down list is not displayed.

2. Select one of the following from the Futures Sector drop-down list:

• Stock (default) - Stock is the underlying asset.

• Commodity - Commodities are the underlying asset.

• Currency - International currencies are the underlying asset.

• Index - Index basket of shares, such as the S&P 500, are the underlying asset.

3. By default, the Action on this page is set to Sell to Close. To change this, select a different transaction from the Action drop-down list. The fields that display depend on the transaction that is selected. To record a sell to close transaction, and allocated specific contracts to sell to close, enter a Future - Record Sell to Close by ID Transaction.

4. Enter the date of the transaction in the Transaction Date (mm/dd/yyyy) field. You can also click the Calendar icon and select the appropriate date from the calendar that displays.

5. Enter the single stock future symbol in the Symbol field. You can then click Verify to confirm you have entered the correct symbol for the future. To search for a future symbol or create a custom future, click the Future Symbol Lookup link.

6. Select the type of security from the Security Type drop-down list. By default, this field is set to Single Stock Future for this transaction.

7. Enter the number of contracts to sell to close in the Contracts field. The default information used is the standard 100 shares per contract. If your single stock future has a different set up, enter the number of shares per contract associated with your single stock future in the field provided. It is important that this figure is accurate to ensure correct calculations for this single stock future transaction.

8. To calculate the Total Proceeds of the transaction, do one of the following:

• Select the Price per Share radio button - Enter the Price per Share and the Commission amount + All Fees in the field provided. Once you have entered this information, click the Calculate Total Proceeds button. The result displays in the Total Proceeds field.

• Select the Total Proceeds radio button - If you select this radio button, the Total Proceeds field becomes active and the Calculate Total Proceeds button is no longer displayed. Enter the total proceeds of the trade in the field provided. Be sure to subtract the total commission amount and any fees.

9. To record the Sell to Close transaction, click the Record button. To record the transaction and continue to enter additional transactions, click the Record & Repeat button. To leave this page, without recording the transaction, click the Cancel button.

Example

Click here to view an example of the Single Stock Future - Record Sell to Close Transaction page.