What is Online Contra statement and what are the advantages?
Frequently Asked Questions Online Contra Statements
What is Online Contra statement and what are the advantages?
It is an electronic version of your contra statement for equity trades done via the trading account. Instead of receiving paper contra statements, clients will be able to see it online. The advantages includes being able to viewing of the breakdown of their contra statements online, therefore enhancing the speed and convenience for reconciling your trades. The statements breakdown stays in the POEMS up to 12 months.
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