CFDs on Energy products
(GASOIL ICE CFD, BRENT ICE CFD, CRUDE NYMEX CFD)

The underlying asset of the CFD is Futures of the front or the next month. The CFD price link of the front month is switched into the second month one trading day prior to the exchange expiry date. As a result the account is credited / debited in accordance to the settlement prices of the Futures.

СFDs on Equities

Open positions held overnight are subject to financing charges. The positions are rolled to the next day at 22:00 London time every day. As a result the account is credited / debited (Short / Long) in accordance to the position value and current interest rates.

• Long positions - LIBOR + 2%
• Short positions - LIBOR - 2%

Calculating financing charges:

f=(v*r*n)/360, where

• f = daily financing charge;
• v = CFD position value;
• r = financing interest rate;
• n = number of days (if there are no holidays n equals to 1. The only exception is a position held over the weekend, in this case n equals to 3)

Dividends

• Stock CFD buyers are credited 90 % the value of the gross dividend on the ex-dividend date.
• Stock CFD sellers are debited 100 % the value of the gross dividend on the ex-dividend date.