Principles for determining position profit/loss: Determined on the basis of the difference in end-of-day settlement price (DSP) with the volume-weighted average price (VWAP) of each type of position, calculated separately by contract code.
Formula for determining profit/loss with open positions during the day:
Open position profit/loss = (End of day settlement price – Transaction price) * Multiplier * Number of contracts
Formula for determining profit/loss with available positions (held overnight):
Existing position profit/loss = (End of day settlement price – End of previous day settlement price) * Multiplier * Number of contracts
For example: Early in the day T+0, LONG 03@1120 VN30Fxxx. At the end of day T+0, the closing price was 1125
=> Profit of day T+0 = (1125 – 1120) * 100,000 * 3 = 1,500,000 VND => Profit is paid into the Account at T+1
At the end of day T+1, the closing price of VN30 index futures contract was 1115
=> Loss of day T+1 = (1115 – 1125)* 100,000 * 3 = -3,000,000 VND => Investors must pay losses within the prescribed time limit according to Pinetree’s policy.
