Understanding Account Summary on MPlus Online
Explanations about Account Summary on MPlus Online. Learn how the contracts, clearing and settlement between MPlus and Bursa works.
How to read the Account Summary on MPlus Online?
Trust Account
It mirrors the total amount of money you’ve used to trade. This amount includes all unsettled amount brokerage, stamp duty, etc. The actual amount of money will be credited after the T+1 and T+2 settlement to Bursa. After all settlements due is over, the amount in Trust Account will be the total amount of money that you could withdraw.
Available Trading Limit
The amount of money you could use to trade. This amount will be updated for every trade (buying and selling).
Due For Forced Selling (>T+2)
If your account type is cash upfront account, there’s nothing you should do that related to this subject. This subject will be relevant only to margin account.
Due For Settlement (T+2)
2 days after you’ve purchased a stock (T+2), the amount from Remaining Purchase Contracts (T+1) will be credited into this subject. There’s nothing should be done from your side for this settlement. This settlement will be processed by MPlus to Bursa.
Remaining Purchase Contracts (T+1)
1 day after you’ve purchased a stock (T+1), an amount of money that need to be settled by MPlus to Bursa will be shown here. There’s nothing should be done from your side for this subject. When the amount here is 0, it means that all purchases have been settled.
Sales Proceeds Due (T+2)
2 days after you’ve sold a stock (T+2), the amount from Remaining Purchase Contracts (T+1) will be credited into this subject. There’s nothing should be done from your side for this settlement. This settlement will be processed by MPlus to Bursa.
Remaining Sales Contracts (T+1)
1 day after you’ve sold a stock (T+1), an amount of money that need to be settled by MPlus to Bursa will be shown here. There’s nothing should be done from your side for this subject. When the amount here is 0, it means that all sell have been settled.
Contra Gains/Losses (Net Amount)
This amount will be subjected when you bought and sold any stocks on a same day. This subject is useful for intraday trader.
Other related posts about MPlus Online platform familiarization.
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