Fees, currencies and settlement

Step by step

1. 1Enter the gross amount or total premium in the displayed transaction currency. Enter separate fees in Fees and select Fee currency. Tax withheld has its own field and a choice of Tax receivable or Expenses.
2. 2In Conversion on trade date, enter an exchange rate or the accounting-currency equivalent. Conversion covers the displayed net total: the transaction amount with applicable fees, interest and withholding in the same currency. Convert fees in another currency separately.
3. 3In Settlement, select Not yet settled or Fully or partially settled. Each payment has an actual date, account and amount. Use Add partial settlement for multiple payments.
4. 4For different currencies, enter two amounts: Paid or received on the account and Transaction amount settled. Example: a USD1,000 purchase is paid in full with EUR900. The account amount is 900 and the settled purchase amount is 1,000.
5. 5Amount fully settled fills the remaining transaction amount. For one full payment, it also copies an available accounting-currency equivalent for the entire amount if suitable for the selected account. Check this against the actual debit. For partial payments or separately paid fees, enter the account amount yourself.
6. 6Select Transaction only and a separate Fees only row when the broker debits them separately. Example: a USD1,000 purchase paid with EUR900 and USD6 fees paid with EUR5. Record both payments separately; the trade-date rate need not equal the payment rate.
7. 7If an order question appears, choose before or after the listed same-day posting according to the actual order. Transaction order determines which investments are available. Within a payment, the question concerns cash movements; use the order from your account statement.

What is on the screen?

• Gross amount and transaction currency
• Fee amount and fee currency
• Conversion of the total and separate fees
• Account amount and settled transaction amount

What happens next?

The transaction and each payment remain separately identifiable. Differences between trade-date conversion and a later payment appear in the posting preview.

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