r your futures statement

RBC Dominion Securities Inc.

Reading YouR FutuRes statement A guide for clients of RBC Dominion Securities

At RBC Dominion Securities, we have been helping individual and

corporate clients achieve their financial goals since 1901. Today, we are

Canada’s leading provider of wealth management services, trusted by

more than 400,000 clients globally.

In the area of commodity/financial futures, we provide some of the most

comprehensive services available from any investment firm in Canada,

including professional advice and trade execution. Our Futures Risk

Group provides access to leading commodity research advisors who

provide insight on various commodity sectors and hedge strategies.

This guide will detail each section of your futures statement, page by

page, to help you understand how trade confirmations, gains/losses and

monthly activity will be summarized in your statement. If you have any

questions about your futures statement, please speak with your Futures

Specialist today.

READING YOUR MONTHLY FUTURES STATEMENT 3

YouR FutuRes statement

The first page of your Futures Statement identifies the portfolio, the time period covered in the statement and the name and contact information of your Futures Specialist.

Opening AccOunt BAlAnce

This section shows the cash balance in the account at the beginning of the trading period in the various currencies.

Futures/OptiOns cOnFirmAtiOns This section displays the confirmed futures and options activities for the time period of the statement.

(1) The date of the trade(2) Long/buy activity(3) Short/sell activity(4) Indicates total quantity (*)(5) Contract month(6) Product(7 ) Price(8) Commissions/Clearing/Exchange

charges and other fees (most commonly include NFA, RBC Clearing, Give Up, Desk Execution and CDCC)

(9) Base currency of product

2 3

45 6

98

Salesman Account TST 44124849 Your Commodity Broker BILL AND MARY CUSTOMER YOUR IA NAME 123 MAIN ST TORONTO, ON TORONTO, ON M4M 4M4 416-123-4567

Page 1

Monthly Statement For: MAY 01, 2015 through MAY 31, 2015

- - - - - - - - - - - - - - - - - - - O P E N I N G A C C O U N T B A L A N C E S - - - - - - - - - - - - - - - - - -

CAN DOLLAR 0CRUS DOLLAR 0CR

- - - - - - - - - - - - - - - - - F U T U R E S / O P T I O N S C O N F I R M A T I O N S - - - - - - - - - - - - - - -

Date Long Short Contract/Description Strike Price Curr Amount

5/19/15 1 JUN15 IMM B-PDS 1.53000 USD 1* * USD COMMISSION USD 62.50DB* CLEARING USD 2.01DB*

5/19/15 1 JUN15 IMM E-S&P 2100.00 USD 1* * USD COMMISSION USD 62.50DB* CLEARING USD 1.42DB*

5/20/15 1 JUL15 CBT WHEAT P 4.850 .11 1/2 USD 575.00DB 1* * Premium Paid USD 575.00DB* EDAT:06/26/15, COMMISSION USD 125.00DB* CLEARING USD 4.72DB*

5/20/15 1 JUN15 IMM E-S&P 2110.00 USD * 1* USD COMMISSION USD 62.50DB* CLEARING USD 1.42DB*Recap of Confirm Activity Total P&L On Confirmations USD 575.00DB Commissions On Confirmations USD 312.50DB Fees On Confirmations USD 9.57DB Realized Futures On Confirmations USD 192.35DB Realized Options On Confirmations USD 704.72DB Total Realized Futures On Confirmations CAD 239.38DB Total Realized Options On Confirmations CAD 877.02DB

- - - - - - - - - - - - - - - - - - - C O L L A T E R A L C O N F I R M A T I O N S - - - - - - - - - - - - - - - - - -

Par Value/

Date Quantity Description Rate Maturity Amount

TNOTE / USD / US T-NOTE 5/19/15 L 100,000.00CR USD T-NOTE 5/31/17 Purchase Cos 100,000.00DB *

- - - - - - - - - - - - - - - - R E A L I Z E D F U T U R E S G A I N S / L O S S E S - - - - - - - - - - - - - - - -


5/19/15 1 JUN15 IMM E-S&P 2100.00 USD 5/20/15 1 JUN15 IMM E-S&P 2110.00 USD 1* 1* P & S USD 500.00CR* Profit Or Loss From Offset Trades USD 500.00CR

- - - - - C O N T I N U E D O N N E X T P A G E - - - - -


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Par Value/







71

4 RBC DOMINION SECURITIES

clOsing AccOunt BAlAnces

This section shows the cash balance in the account at the end of the trading period in the various currencies, equal to:

Opening Account Balance + ( D) +/- ( E ) +/- (1) +/- (2) , or:

Opening Account Balance

+/- Realized Futures on Confirmations ( D) +/- Realized Options on Confirmations ( E) +/- The sum of all profits and losses for the time period of the statement (1) +/- The sum of all cash activity in the account (2)

recAp OF cOnFirm Activity FOr the time periOd

( A ) Total P&L on Confirmations (USD) – Net value of Options Premium [Paid – Received] in the currency of the product

( B) Commissions on Confirmations (USD) – Total commissions paid for all products traded. Commissions are paid in USD or CAD.

(C ) Fees on Confirmations (USD) – Total clearing costs paid for all products traded in the currency of the product

( D) Realized Futures on Confirmations (USD) – Clearing/Exchange fees and commissons paid on all futures

( E ) Realized Options on Confirmations (USD) – Total P&L on Confirmations + Clearing/Exchange fees and commissions paid on all options trades in the currency of the product

( F ) Total Realized Futures on Confirmations (CAD) –

( D)* Exchange rate

(G) Total Realized Options on Confirmations (CAD) –

( E ) * Exchange rate

reAlized Futures gAins/lOsses

This section shows the profit or loss realized from closing out an open (Futures/Options/Forward) position.

(1) The sum of all profits and losses for the time period of the statement (CR – Profit; DB – Loss)

itemized cAsh Activity

All transfers from a margin account to a futures account are noted as credits, while transfers from a futures account to a margin account will be noted as debits.

(2) The sum of all cash activity in the account


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Par Value/








Page 2

Monthly Statement For: MAY 01, 2015 through MAY 31, 2015- - - - - - - - - - - - - - - - - - - - I T E M I Z E D C A S H A C T I V I T Y - - - - - - - - - - - - - - - - - -

5/19/15 WIRE RECEIVED 5/19/15 CAD 50,000.00CR 5/19/15 WIRE RECEIVED 5/19/15 USD 30,000.00CR 5/20/15 WIRE RECEIVED 5/20/15 USD 5,000.00CR Total Cash CAD 50,000.00CR** Total Cash USD 35,000.00CR**

- - - - - - - - - - - - - - - - - - - C L O S I N G A C C O U N T B A L A N C E S - - - - - - - - - - - - - - - - - -

CAN DOLLAR 50,000.00CR*US DOLLAR 34,602.93CR*

- - - - - - - - - - - - - - - - F U T U R E S / O P T I O N S O P E N P O S I T I O N S - - - - - - - - - - - - -


5/20/15 1 JUL15 CBT WHEAT P 4.850 .11 1/2 USD 1,031.25CR

1* * Settlement .20 5/8 USD 1,031.25CR*

Avg Bought .1150000 Avg Sold .0000000

FLTD:07/14/15, EDAT:06/26/15, UNSP:4.77, DLTA:0.56430-, DQ:.56-,

In The Money 400.00CR USD *

Value in Base @ 1.2445000 CAD 1,283.39CR*

Net Fut: .56DB

5/19/15 1 JUN15 IMM B-PDS 1.53000 USD 68.75DB

1* * Settlement 1.52890 USD 68.75DB*

Avg Bought 1.5300000 Avg Sold .0000000

FLTD:06/15/15, Value in Base @ 1.2445000 CAD 85.56DB*

Total Value in Base Currency Total Cash Market Value CAD 85.56DB** Total Non-cash Market Value CAD 0CR** Total Long Option Value CAD 1,283.39CR** Total Short Option Value CAD 0CR** Net Option Value CAD 1,283.39CR** Net Liquidity CAD 94,261.18CR**

- - - - - - - - - - - - - - - - - - - - A C C O U N T C O L L A T E R A L - - - - - - - - - - - - - - - - - - - - - -

Par Value/ Type/ Market Haircut/ Margin Purchase

Date Quantity Descr Rate Maturity Value Settlement Value Curr Cost

Positions ----------TNOTE / USD / US T-NOTE 5/19/15 L 100,000.00CR 5/31/17 100,000.00CR 95.00 95,000.00CR 100,000.00DB 100,000.00CR* USD 100,000.00CR* 95,000.00CR* 100,000.00DB** Account Totals CAD 124,450.00CR* 118,227.50CR* 124,450.00DB** - - - - - C O N T I N U E D O N N E X T P A G E - - - - -

1

2

TRANSFER FROM MARGIN ACCOUNTTRANSFER FROM MARGIN ACCOUNT

TRANSFER FROM MARGIN ACCOUNT


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Par Value/







B

DC

E

GF

A

READING YOUR MONTHLY FUTURES STATEMENT 5

tOtAl vAlue in BAse currency OF stAtement

( A ) Marked to market value on all futures positions

( B) Marked to market value on forward positions

(C ) Premium value of open long option positions

( D) Premium value of open short positions

( E ) Net Option Value in base currency of statement [(C ) – ( D) ]

( F ) Liquidating value of account [Closing Account Balance + Total

Cash Market Value ( A )+/- Total Non-Cash Market Value ( B)+/-

Net Option Value ( E ) ]


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Monthly Statement For: MAY 01, 2015 through MAY 31, 2015- - - - - - - - - - - - - - - - - - - - I T E M I Z E D C A S H A C T I V I T Y - - - - - - - - - - - - - - - - - -

5/19/15 WIRE RECEIVED 5/19/15 CAD 50,000.00CR 5/19/15 WIRE RECEIVED 5/19/15 USD 30,000.00CR 5/20/15 WIRE RECEIVED 5/20/15 USD 5,000.00CR Total Cash CAD 50,000.00CR** Total Cash USD 35,000.00CR**

- - - - - - - - - - - - - - - - - - - C L O S I N G A C C O U N T B A L A N C E S - - - - - - - - - - - - - - - - - -

CAN DOLLAR 50,000.00CR*US DOLLAR 34,602.93CR*

- - - - - - - - - - - - - - - - F U T U R E S / O P T I O N S O P E N P O S I T I O N S - - - - - - - - - - - - -


5/20/15 1 JUL15 CBT WHEAT P 4.850 .11 1/2 USD 1,031.25CR

1* * Settlement .20 5/8 USD 1,031.25CR*

Avg Bought .1150000 Avg Sold .0000000

FLTD:07/14/15, EDAT:06/26/15, UNSP:4.77, DLTA:0.56430-, DQ:.56-,

In The Money 400.00CR USD *

Value in Base @ 1.2445000 CAD 1,283.39CR*

Net Fut: .56DB

5/19/15 1 JUN15 IMM B-PDS 1.53000 USD 68.75DB

1* * Settlement 1.52890 USD 68.75DB*

Avg Bought 1.5300000 Avg Sold .0000000

FLTD:06/15/15, Value in Base @ 1.2445000 CAD 85.56DB*

Total Value in Base Currency Total Cash Market Value CAD 85.56DB** Total Non-cash Market Value CAD 0CR** Total Long Option Value CAD 1,283.39CR** Total Short Option Value CAD 0CR** Net Option Value CAD 1,283.39CR** Net Liquidity CAD 94,261.18CR**

- - - - - - - - - - - - - - - - - - - - A C C O U N T C O L L A T E R A L - - - - - - - - - - - - - - - - - - - - - -

Par Value/ Type/ Market Haircut/ Margin Purchase

Date Quantity Descr Rate Maturity Value Settlement Value Curr Cost

Positions ----------TNOTE / USD / US T-NOTE 5/19/15 L 100,000.00CR 5/31/17 100,000.00CR 95.00 95,000.00CR 100,000.00DB 100,000.00CR* USD 100,000.00CR* 95,000.00CR* 100,000.00DB** Account Totals CAD 124,450.00CR* 118,227.50CR* 124,450.00DB** - - - - - C O N T I N U E D O N N E X T P A G E - - - - -

(1) Option type (Put/Call)(2) Option strike(3) Futures Last Trading Date (FLTD)(4) Expiration Date of Option (EDAT)(5) Underlying Settlement Price of Futures (UNSP)(6) The delta of the open position (DLTA)/(DQ)(7 ) The closing price of the open Futures/Forward/Option position(8) Value of open option position in the currency of the product

[Total number of contracts * Settlement price * Futures Multiplier](9) The value of the open option position in Futures Equivalent [DB –

Short Futures, CR – Long Futures](10) The average entry price for the total quantity traded(11) Unrealized gain/loss on the open futures position [Total # of

contracts * (Settlement price – Avg Bought/Sold) * Futures Multiplier]

1 2

3 4 5

78

10

9

Open pOsitiOns summAry

This section displays the open (Futures/Options/Forwards) positions in the account at the end of the time period covered in the statement.

B

D

C

E

F

A

6

11

6 RBC DOMINION SECURITIES

mArgin requirement summAry

(1) The funds required as a deposit on open positions. A zero balance implies no positions.

(2) The funds required to maintain positions in the account; if Total Equity (9) in the account falls below the Maintenance Margin (2) , a margin call is generated.

(3) The excess/deficit amount of funds available/required in the base currency. A credit (CR) indicates excess cash and a debit (DR) indicates a deficit.

(4) The difference between Total Equity (9) and Initial Margin (1) . A negative number represents the amount under initial margin.

(5) The difference between Total Equity (9) and Initial Margin (1) , when Total Equity is less than the Maintenance Margin (2) which is known as the margin call amount.


Page 3


- - - - - - - - - - - M A R G I N R E Q U I R E M E N T S U M M A R Y - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - Margin Requirement - - - - - - Equity New Call or Amt Total Margin Calls

Initial Maintenance Excess/Deficit Under Init Rqmts Amount No /Age

CAD 0CR 0CR 50,000.00CR 0CRUSD 2,288.75DB 1,986.75DB 34,534.18CR 0CRTotal Value in Base CurrencyCAD 2,848.35DB 2,472.51DB 92,977.79CR 0CR 0CR /

- - - - - - - - - - - - - - - - - A C C O U N T V A L U E S U M M A R Y - - - - - - - - - - - - - - - - - - - - - -

Account Unrealized G/L Unrealized G/L Total Net Option Net

Balance on Futures on Forwards Equity Value Liquidity

CAD 50,000.00CR 0CR 0CR 50,000.00CR 0CR 50,000.00CRUSD 34,602.93CR 68.75DB 0CR 34,534.18CR 1,031.25CR 35,565.43CRTotal Value in Base CurrencyCAD 93,063.35CR 85.56DB 0CR 92,977.79CR 1,283.39CR 94,261.18CR

- - - - - - - - - - - - - - - - - - - P R O F I T & L O S S S U M M A R Y - - - - - - - - - - - - - - - - - - -

Futures Options Options

Profit and Loss Long Premium Short Premium Commission Fees

MTD CAD 0CR 0CR 0CR 0CR 0CRMTD USD 500.00CR 575.00DB 0CR 312.50DB 9.57DBNet CAD 622.25CR* 715.59DB* 0CR* 388.91DB* 11.91DB*YTD CAD 0CR 0CR 0CR 0CR 0CRYTD USD 500.00CR 575.00DB 0CR 312.50DB 9.57DBNet CAD 622.25CR* 715.59DB* 0CR* 388.91DB* 11.91DB*

AccOunt vAlue summAry

(6) The closing account balance (7 ) The unrealized gain/loss on open futures positions (8) The unrealized gain/loss on open forward positions

(9) The total equity, equal to (6)+/- (7 ) +/- (8)(10) The total value of open long or short option positions in clients

account in base currency of account(11) The value of the account if all open positions are liquidated at

settlement prices noted on the statement, equal to (9)+ (10)

prOFit & lOss summAry

(12) The profit and loss for closed Futures/Forwards positions in each currency, in month-to-date (MTD) and year-to-date (YTD) values

(13) The amount spent on purchasing long options (14) The premium collected for selling short options(15) The commissions paid (16) The fees paid

1 2 3 4 5

6 7 9 10 11

12 13 14 15 16

8

Futures or options trading involves substantial risk, may result in serious financial loss, and is not suitable for all investors or portfolios. The information contained in this brochure is not intended as a recommendation directed to a particular investor or class of investors and is not intended as a recommendation in view of the particular circumstances of a specific investor, class of investors or a specific portfolio. You should not take any action with respect to any securities or investment strategy mentioned in this brochure without first consulting your own investment advisor in order to ascertain whether the securities or investment strategy mentioned are suitable for your circumstances. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This brochure is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. It is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. ® Registered trademark of Royal Bank of Canada. Used under licence. RBC Dominion Securities is a registered trademark of Royal Bank of Canada. Used under licence. © Copyright 2015. All rights reserved. 15_90098_006 110364 (07/2015)

If you have any questions about your futures statement, please speak with your Futures Specialist.

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