Upload
eric-munoz
View
215
Download
1
Embed Size (px)
Citation preview
Amount x CURRENCY Rate
LESS: COMMISSION
NET INVESTMENT AMOUNT
LESS: STAMP DUTY
NET TRADING AMOUNT
QUANTITY: Net Trading Amount/ ASK PRICE
€1000 x 1 = €1000
LESS: COMMISSION = €30
NET INVESTMENT AMOUNT = €970
LESS: STAMP DUTY = €9.70
NET TRADING AMOUNT = €960.30
QUANTITY: €960.30/ ASK PRICE
€1000 x £0.91 = £910
LESS: COMMISSION =
£12.50
NET INVESTMENT AMOUNT = £897.50
LESS: STAMP DUTY = £4.48
NET TRADING AMOUNT = £893.02
QUANTITY: £893.02/ ASK PRICE
Remember if the amount goes over £2,000, the commission
increases to £25
€1000 x CURRENCY CHANGEOVER (1.60)= $1600
LESS: COMMISSION = $15.95
NET INVESTMENT AMOUNT = $1584.05
LESS: STAMP DUTY = $0
NET TRADING AMOUNT =
$1584.05
QUANTITY: $1584.05 / ASK PRICE