Transaction terminology

Updated 9 hours ago by Kevin Linser

Here is a short explanation what the words in the transaction list mean:

Purchase

Selma bought an investment for you.

Sale

Selma sold an investment for you.

Fund

This is what we bought or sold.

Commission

There can be fees involved in buying and selling the investment. Since this is included in your Selma fee, we will pay these fees back to you.

Cash Dividend

This investment has paid out part of its profits to you. Often that is the sum of the dividends (paid out profits) or interest that the companies in the fund have generated.

Deposit

This amount has been added to your account. It can be money that you transferred to your account or fees that Selma paid back.

Withdrawal

Money that you moved away from your Selma account.

Custody Fee

Costs for “storing” your investments. This cost is included in your Selma fee and will be paid back semi-annually. 

VAT

Tax on fees (e.g. on the custody fee). VAT on fees that are included in your Selma fee (such as custody fee) will also be paid back to you.

Stamp Duty

This is a tax that needs to be paid when buying and selling investments on a stock exchange and living in Switzerland. This cost is included in your Selma fee and will be paid back semi-annually. 

Correction

Fixing a payment that was made earlier. The correction number shows which exact payment is being revised.


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