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Why is settlement amount negative for my 'Transfer In' Transactions?
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Why is there no interest accrued for deposits and loans?
Canopy is Only the principal amounts of non-mtm contracts are taken and we do not book accrued interest for deposit and loans. Accrued interest for deposit and loansis designed to reflect only actual cash transactions hence interest will only be recorded when realized in the account.
How do I see accrued interest for bond?
Accrued interest for bond is dirty price - clean price and captured in the market value.
Why is there negative accrued interest for bond?
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Datafeed from banks - 1 working day
List of financial institutions with datafeed:
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Does Canopy capture brokerage/transaction fees?
In Canopy,
Trade Price = transaction valuation (without fees)
Settlement Amount = cost valuation (net of fees)
Average Cost = average transaction valuation (without fees)
In the event where Trade Price is not provided in the statement, Canopy uses Settlement Amount / Quantity to derive the Trade Price.
What are some known differences in reporting between Canopy and other banks?
HSBC - Performance Calculation
Performance reported on HSBC statement is based on assets only (excluding liabilities). Performance reported in Canopy is calculated based on net worth (including liabilities).