Invented completed-sale example
The fill changes the account.
Assume all 80 shares actually sold at 46 CU/share. This completed-fill assumption produces a 320 CU price-only realised loss; only here do we also add the explicitly invented transaction costs.
“Actual” in this ledger means the fill state in an invented example. It is not an observed market transaction or a prediction of execution.
- Purchase value
- 4,000 CU80 × 50 CU/share
- Sale proceeds
- 3,680 CU80 × 46 CU/share
- Price-only loss
- 320 CU
- With stated costs
- 325 CUInvented completed sale
Price / fill variance
FI / 04| Account line | Chosen scenario | Completed-fill assumption | Variance / meaning |
|---|---|---|---|
| 01 / priceComparison versus sale | 48 CU/shareInvented comparison; no sale assumed | 46 CU/shareInvented filled price for all 80 shares | 2 CU/share lowerIn this example only; not a forecast |
| 02 / proceeds80 shares × price | 3,840 CUHypothetical comparison value | 3,680 CUAssumed sale proceeds before sale cost | 160 CU lower80 × (48 − 46) CU/share |
| 03 / price loss4,000 CU purchase value less proceeds | 160 CUPrice-only hypothetical loss | 320 CUPrice-only realised loss if all 80 fill | 160 CU moreDifferent price assumption |
| 04 / costsInvented buy and sale costs | Not includedScenario is price-only | 2 + 3 = 5 CU2 CU buy cost; 3 CU sale cost | Only explicitly stated costs included |
| 05 / netTotal realised loss | Not a realised amount | 325 CU(4,000 + 2) − (3,680 − 3) CU | 320 CU price loss + 5 CU costs |
What the source supports
FINRA’s U.S. order-types guidance warns that a fill may differ from a displayed price. Its U.S. fees guidance notes that buying and selling can involve costs. Neither source supplies our invented prices or 2 CU and 3 CU charges.
What remains outside
Without a completed fill, a realised number is unavailable. This static calculation does not model partial fills, other prices or unknown costs. Next, Exposure sums purchase values, not sale losses.