I checked my CFC account recently and saw some figures that I can't seem to understand how they derived at. What does "Market Portfolio Value after Haircut" mean? I calculated the brokerage fee, transaction charges and withholding tax but couldn't come up with the same figure. Can someone please explain how they come up with that amount?

Kuwa mpole. Even silence is a response. You don't have to respond to everything.

This is a community. While others are at the level of Dr. Opus Dei and Jimnah Mbaru others are just beginning and many, many more are in between. And everyone started at the bottom unless of course there is ONE fellow (guess whom!) who was born knowing what a haircut is (Either the one given by a barber or the financial one!!)

@Impunity, The Market value of your shares is valued at previous closing prices while the valuation after haircut is less by 25%. The valuation after haircut is normally used on instances when one is borrowing funds against the security so as to guard the lender against market fluctuations and is at times based on the spread or in developed markets when dealing in futures this is the amount that is normally locked in though the true amount or value locked is the market value.Most markets use 25%.
So don't get worried in any way the true value of your portfolio is 120k and not 103k, its just helping you know how much you can get on your portfolio as a security for any financing or the much you can lose on the basis of the spread.