SGD-denominated CFD details

SGD-denominated CFDs are traded in Singapore dollars. They are available to trade on a selection of indices and commodities, and allow you to trade foreign assets while minimising currency risk.

Stock indices

Stock Indices Information Table (SGD Denominated)

Index Value per index point (min trade) Dealing spread (1) Limited Risk premium (2) (3) Margin Requirement Dealing hours (4)
FTSE® 100 Cash Mini - SGD1
(min 2 contracts)

Standard - SGD10
(min 2 contracts)
1.2 (5.2)


1 (5)
1


1
5%


5%
24 hours 


24 hours
China H-Shares Mini - SGD1
(min 1 contract)


Standard - SGD10
(min 1 contract)
12

 

10
20



20
5%



5%

09.15-12.00;
13.00-16.15;
17.00-23.00

09.15-12.00;
13.00-16.15;
17.00-23.00

Hong Kong HS50 Mini - SGD1
(min 2 contract)

Standard - SGD10
(min 1 contract)
8 (22)


6 (20)
10


10
5%


5%
24 hours


24 hours

 
Australia 200 Mini - SGD1
(min 2 contracts)

Standard - SGD10
(min 3 contracts)
1.2 (5.2)


1 (5)
1


1
5%


5%
24 hours with gaps

24 hours with gaps
Wall Street MIni - SGD1
(min 2 contracts)

Standard - SGD10
(min 1 contract)
2.2 (6.2)


1.8 (5.8)
2


2
5%


5%
24 hours


24 hours
US Tech 100 MIni - SGD1
(min 5 contracts)

Standard - SGD10
(min 10 contracts)
1.2 (2.2)


1 (2,3)
1


1
5%


5%
24 hours


24 hours
US SPX500 Mini - SGD1
(min 15 contracts)

Standard - SGD10
(min 25 contracts)
0.5 (0.7)


0.4 (0.6,0.9)
0.2


0.2
5%


5%
24 hours


24 hours
Germany 30 Mini - SGD1
(min 5 contracts)

Standard - SGD10
(min 4 contracts)
1.2 (2.2,7.2)


1 (2, 7)
1


1
5%


5%
24 hours


24 hours
Japan 225 Mini - SGD1
(min 2 contracts)

Standard - SGD10
(min 1 contract)
10 (32)


8 (30)
10


10
5%


5%
24 hours


24 hours

 

Commodities

Commodities

Spot Metals Information Table (SGD Denominated)

Spot metals have no expiry date; the position remains open until you choose to close it. Separate daily funding adjustments are made for Spot Metals [see note 6].

Contract and dealing hours (New York time) One contract means Value of one contract (Min trade) Normal spread Limited risk premium Margin requirement (per contract)
Gold
24 hours
except 17.15-18.00
100 troy oz Mini - SG$1
(min 3 contracts)

Standard -SG$10
(min 10 contracts)
0.6


0.5
0.2


0.2
20%


20%
Silver
24 hours
except 17.15-18.00
5000 troy oz Mini -SG$1
(min 3 contracts)

Standard - SG$10
(min 5 contracts)
3.5


3
1.5


1.5
20%


20%

 

Energies Information Table (SGD Denominated)

Contract and dealing hours (New York time) Value of one contract (min trade) Normal spread Limited Risk premium Margin requirement (per contract) Contract months and last dealing day (5)
Light Crude Oil
24 hours (except 17.15-18.00)
Mini - SG$1
(min 2 contracts)

Standard - SG$10
(min1 contract)
7


6
 
3


3
20%


20%
Current and next month
3rd trading day prior to 25th calendar day of prev. month (5)

 

Notes

  1. Spreads are subject to variation, especially in volatile market conditions. Wider spreads apply when stock indices are quoted outside normal market hours; these are shown in brackets. In-hours spreads apply during the following times:

    Wall Street: from the time after the opening of the NYSE when all the Dow stocks have traded (normally by 09.45) until 16.00 (New York time).

    FTSE® 100: 'in hours' means from 01.00-07.50 and 08.00-21.00 (London time). However, between 01.00 and 07.00 we may on occasion offer out-of-hours spreads instead, during periods of extreme illiquidity in the underlying markets.

    Australia 200: 09.50-16.30 (Sydney time). Note: for the Australia 200, we can not provide you with a guaranteed out of hours spread. We do not seek to profit from increased all-in spreads during out of market hours and we will not increase our dealing during this time. We will however pass on any increase in market spread experienced during out of market hours (up to a maximum of 15 points).
  2. For Limited Risk transactions, a Limited Risk premium is charged on the opening.
  3. CFDs on stock indices are Undated Transactions that do not expire (unless requested, please see note 13). For each day that a position is held adjustments are calculated to reflect the effect of interest and dividends.  A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). These adjustments are posted daily to the client's account.

    i) Interest adjustments are calculated as follows:

    D = n x L x C x i / 360

    Where:

    D = daily interest adjustment
    n = number of lots
    L = lot size
    C = underlying index price of 23.00 (London time)
    i = applicable annual interest rate

    Note: The formula uses a 365-day divisor for UK markets and a 360-day divisor for non-UK markets.

    Interest in respect of long positions is debited from a client's account and interest in respect of short positions is credited to a client's account at rates which are agreed with each client.

    ii) A dividend adjustment is applied when a component share passes its ex-dividend date (including the ex-date of any special dividend) in the underlying stock market. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.
  4. 24-hour dealing starts at 23.00 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday. Please contact us for specific information about public holidays.
  5. For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.
  6. For Spot Metal transactions, adjustments are made to calculate the cost of funding a position, and these are posted to the client's account daily. The adjustments are calculated as follows:

    A = V x R

    Where:
    A = the funding cost
    V = the number of contracts x contract size
    R = the current Tom-Next rate, including an administrative charge of 0.8% p.a. for mini contracts and 0.3% p.a. for standard contracts.

    If the Tom-Next rate is less than zero, you will be debited for running a short position and credited for running a long position. If the tom-next rate is greater than zero, you will be credited for running a short position and debited for running a long position.

    The funding charge is calculated for any position opened before 22.00 that is still open after 22.00 (London time).

    Note: For any position opened before 22.00 Wednesday that is still open after 22.00 Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period.