补偿、返还与盈利的区别

Lesson Overview

In "Live Evaluation Standards" → "补偿机制", this lesson "补偿、返还与盈利的区别" builds knowledge you can apply immediately.

补偿、费用返还与交易盈利有不同来源和口径。把可能返还额加进策略收益会高估表现，且申请未获批时不是已实现收入。 将交易PnL、原费用、可能返还、申请状态分账→按已确认与或有分类→不混入回测净值。 本课作业：交易净亏200、原费用100、尚未批准的返还最高100，应怎样报告？

Core Concepts

These points align with the video walkthrough—take notes as you watch.

• ▸补偿、费用返还与交易盈利有不同来源和口径。把可能返还额加进策略收益会高估表现，且申请未获批时不是已实现收入。
• ▸将交易PnL、原费用、可能返还、申请状态分账→按已确认与或有分类→不混入回测净值。
• ▸本课作业：交易净亏200、原费用100、尚未批准的返还最高100，应怎样报告？

Practical Application

After studying, complete the companion practice lesson to move from understanding to doing.

• ▸Check progress against the Star Program checklist
• ▸Add key points to your growth portfolio
• ▸Discuss takeaways in the community

FAQ

• ▸Q: How does this lesson fit the course? A: Part of "补偿机制"—follow the curriculum order.
• ▸Q: What do I need? A: Demo account and notes; quant lessons need a Python environment.
• ▸Q: How do I know I've mastered it? A: Pass the quiz and explain three key points of 补偿、返还与盈利的区别 on your own.