Knowledge Base

What is a Weekly Statement?

A weekly statement is a document that is issued by broker to traders and investors on a weekly basis. It contains information about all of the transactions that have taken place in the trader or investor’s account during the previous week. This information includes the date, and as well as the total amount of money that was traded.

Why is a Weekly Statement Important?

A weekly statement is an important tool for traders and investors because it allows them to track their performance over time. Additionally, weekly statements can be used to identify potential problems with a trader or investor’s account, such as unauthorized trading or fraud.

How to Get a Weekly Statement?

Sub brokers like Samco automatically send weekly statements to their clients, but traders and investors can typically request a weekly statement from their broker any time they want. If you are not sure how to get a weekly statement, you should contact our support team they will help you out.

Let’s understand how to read the weekly statement.

Transaction Date: This contains the date on the particular transaction carried out

This information is important in order to track when a transaction took place, as well as to ensure accuracy when reconciling records and statements.

Exchange Segment: This indicates on which exchange segment the trade is settled in

Particulars: This contains the narration of the transaction carried out. The details/narration section contains information about the transaction such as the type of transaction, the date, and the amount involved.

Debit: This contains all the debit amount from the transactions made

Credit: This contains all the Credit amount from the transactions made

Net: This contains the running total of Debits and Credits

Balance: This contains the available balance post debit/credit

Conclusion: A weekly statement is an important tool for traders and investors. It allows them to track their performance over time, identify trends, and potential problems. If you are a trader or investor, you should make sure to get a weekly statement from your sub-broker.

By using weekly statements wisely, you can improve your trading performance and protect your investments.