Stockbrokers are required by exchange regulations to provide clients with a weekly ledger statement and a register of securities. This statement ensures transparency and keeps clients informed about their fund transactions and holdings.

Key Points:

1. Regulatory Requirement: Exchanges mandate stockbrokers to send weekly updates to clients to maintain transparency.
2. Details Included in the Statement:
   • Fund Transactions: Summary of deposits, withdrawals, and other transactions.
   • Holdings: Information about securities held in the client’s account.
   • Pending Obligations: Details of trades executed but not yet settled.
3. Pending Obligations Explained:
   • Pending obligations represent trades executed close to the reporting period's end (e.g., shares bought on Friday).
   • If Friday is a trading holiday, trades from the last trading day will appear as pending obligations since they are not settled by the weekend.

Example Scenario:

• A weekly equity statement covering 02-12-2024 (Monday) to 07-12-2024 (Saturday) is sent to the client the following week.
• Shares purchased on 06-12-2024 (Friday) will show up under pending obligations because, as of 07-12-2024 (Saturday), these trades are still in the settlement process and will be completed on T+2 (Tuesday, 10-12-2024).