Which Report should I use to confirm assets actually on record?
To confirm the financial instruments and cash funds actually recorded in the client's accounts as of the reporting date, use the Custody Report. If settlement on a trade has not yet completed, the planned changes from that trade will not be reflected in the actual balance as of the reporting date.
Which Report should I use for an audit?
Both documents may be needed for audit purposes. The Broker Report contains information on completed transactions, cash movements, commissions, and financial result. The Custody Report is used to confirm the actual on-record balances of financial instruments and cash funds as of the reporting date. It is recommended to confirm the specific list of documents required with your auditor.
Which Report should I use for tax reporting?
The Broker Report can be used to prepare information on trades, commissions, corporate actions, and cash movements. If confirmation of the actual on-record balances is needed, the Custody Report can additionally be used. The set of documents and how transactions are reflected depend on the client's tax status and applicable legal requirements.
Additional information is available on the following website: Report for the Tax Return
Where can I see the financial result, commissions, and dividends?
The main information is in the Broker Report:
- Financial result on closed transactions - the “Securities Transactions” section;
- Commissions - the “Commissions” section;
- Dividends and other corporate actions — the “Corporate Actions” section;
- Cash movements — the “Cash Flow” section.