Indices spread bet product details

Our stock indices DFBs aim to replicate the cash price of the underlying index, and are therefore adjusted for dividends [7]. Notes in [square brackets] are detailed in the section below.

Daily funded bets

Market name [4][5]	Minimum bet	Time period	Available spread	Guaranteed stop premium [2]*	Minimum margin requirement
					Retail [8]	Professional [9]
FTSE 100 DFB 24 hours	£0.50	07.00-08.00 08.00-16.30 16.30-21.00 21.00-01.00 01.00-07.00	2 1 2 4 3	0.8	5%	0.45%
Wall Street DFB 24 hours	£0.20	08.00-14.30 14.30-21.00 22.00-23.00 All other times	2.4 2.4 9.8 3.8	1.8	5%	0.45%
US 500 DFB 24 hours	£1	14.30-21.00 21.00-14.30 22.00-23.00	0.4 0.6 1.5	0.25	5%	0.45%
US Tech 100 DFB 24 hours	£1	14.30-21.00 21.00-14.30 22.00-23.00	1 2 5	1	5%	0.45%
US Russell 2000 DFB	£2	22.00-23.00 All other times	0.8 0.3	0.3	10%	0.45%
Japan 225 DFB 24 hours	£0.50	22.00-23.30 23.30-20.15 All other times (GMT)	15 7 30	8	5%	0.45%
Hong Kong HS50 DFB 24 hours	£0.50	01.15-04.00 05.00-08.30 09.15-16.59 All other times (GMT)	5 5 5* 30	10	10%	1.35%
France 40 DFB 24 hours	£1	08.00-16.30 16.30-21.00 21.00-00.15 00.15-07.00 07.00-08.00	1 2 4 3 2	1	5%	0.45%
Germany 40 DFB 24 hours	£0.50	07.00-08.00 08.00-16.30 16.30-21.00 21.00-00.15 00.15-07.00	2 1.2 2 5 4	1.5	5%	0.45%
EU Stocks 50 DFB 24 hours	£1	07.00-21.00 21.00-00.15 00.15-07.00	1.5 3 2	1	5%	0.45%
Italy 40 DFB 24 hours	£0.10	08.00-16.50 16.50-19.30 19.30-08.00	8 8* 38	8	5%	0.68%
Netherlands 25 DFB 24 hours	£20	07.00-08.00 08.00-16.30 16.30-21.00 21.00-07.00	0.3 0.1 0.3 0.5	0.3	10%	0.9%
Spain 35 DFB 24 hours	£0.20	07.00-08.00 08.00-16.30 16.30-19.00 19.00-07.00	5* 5 5* 12	3	10%	0.9%
Sweden 30 DFB 24 hours	£5	08.00-16.25 16.25-08.00	0.5 1.5	0.8	10%	0.68%
Switzerland Blue-Chip DFB 24 hours	£2	07.01-20.59 20.59-07.01	2* 6	2	10%	0.68%
Australia 200 DFB 24 hours	£2	09.50-10.00 10.00-16.00 16.00-16.30 17.10-08.00 [2a] All other times (Sydney)	2 1 2 3 4	1.5	5%	0.45%
China 300 DFB	£2	01.30-03.30 05.00-07.00 All other times (GMT)	3 3 8	5	10%	1.8%
China A50 24 hours	£0.20	01.00-08.30 09.00-20.45 All other times (GMT)	10 10* 24	20	10%	1.8%
India 50 DFB 24 hours	£1	03.45-10.00 10.40-20.45 01.00-03.45 10.00-10.15 All other times (GMT)	2 5 5 5 10	4	10%	1.35%
Brazil 60 DFB	£0.20	12.00-18.55 (GMT)	100*		10%	4.5%
South Africa 40 DFB 24 hours	£0.25	06.30-15.30 All other times (GMT)	8* 30	6	10%	1.35%
China H-Shares DFB	£1	03.45-10.00 10.40-20.45 01.00-03.45 10.00-10.15 All other times (GMT)	2 5 5 5 18	10	10%	1.35%
Malaysia 30	£1	11.45-15.44 17.30-20.14	3 3	2	10%	4.5%
Taiwan Index	£0.50	00.45-05.45 07.00-21.00 All other times	7 7 24	20	10%	1.8%
Emerging Markets Index DFB	£0.50	14.30-21.00 21.15-21.30 22.00-23.00 All other times	0.5 2 2 1	0.5	10%	1.8%
Denmark 25 DFB	£1	08.00-15.55	1	0.6	10%	1.8%
US Fang DFB	£1	09.00-14.30 14.30-21.00 21.00-01.00 01.00-09.00	3 1.8 3 5	1	10%	1.80%
Weekend UK 100 DFB Internet trading only	£2	Saturday 08.00- Sunday 22.40	8	N/A	5%	0.45%
Weekend Germany 40 DFB​ Internet trading only	£2	Saturday 08.00- Sunday 22.40	15	N/A	5%	0.45%
Weekend Wall Street DFB Internet trading only	£1	Saturday 08.00- Sunday 22.40	30	N/A	5%	0.45%
Weekend Hong Kong HS50 Internet trading only	£1	Saturday 08.00- Sunday 22.40	35	N/A	10%	1.35%

DFB notes

1. a) Our DFB index spread bets are quoted with reference to the front month contract in the underlying futures market. DFB prices are adjusted for the fair value between the prices of the cash index and relevant futures contract.

b) Spreads are subject to variation, especially in volatile market conditions. On 24 hour index markets, our spreads depend on whether the underlying futures market is open (in-hours) or closed (out-of-hours). Other index markets are only quoted when the underlying futures market is open. Our dealing spreads may change to reflect the available liquidity during different times of day. Out-of-hours spreads on US indices may vary during the US reporting season. Our normal spread during each time period is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

d) On all index markets, when the underlying futures market is open, we do not apply any weighting or biases to our pricing sources (with the exception of fair value adjustments).

e) During the out-of-hours sessions on 24 hour index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

f) On IG’s weekend index markets, our quotations reflect our own view of the prospects for each market. This could include analysing specific market or geographic news flow that may affect the equity index market we are pricing. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

2. For guaranteed stop bets a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

3. The Japan 225 is quoted based on a USD denominated contract. Clients can have their bets denominated in USD, GBP, EUR, AUD and JPY.

The Brazil 60 is quoted based on a BRL denominated contract. Clients can have their bets denominated in BRL and GBP. If the bet is denominated in BRL, profit and loss will be accrued and realised in BRL but cannot be withdrawn until converted to the base currency of their account.

In order to publish more accurate and reliable prices, IG calculates theoretical fair values for the China 300 and China A50 Indices rather than relying upon underlying market differentials. In general where there are price discrepancies between the cash and futures markets, arbitrageurs return the market closer to its fair value. However, because of trading restrictions in China, these arbitrage trades are often restricted, resulting in wide variances and movements between the underlying market differentials and the theoretical fair values.

4. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not 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 the client 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 communicate their roll preferences for any position(s) before expiry.

Where a client has agreed with IG to expire a position, we will do so on or after the last dealing day as follows:

(i) All stock index DFBs not closed or rolled by the client expire at the closing level of the underlying index on the last dealing day, plus or minus half the IG spread.

(ii) All futures bets on the FTSE® 100, Wall Street and index differentials expire on the basis set out below, and/or in the Information table, without IG spread. All other futures bets expire on the basis set out in the information tables, plus or minus half the IG spread.

5. Where indicated, 24-hour dealing opens at 23.02 (London time) on Sundays, with the exception of Wall Street, US 500, US Tech 100 and Japan 225, which open at 23.00 (London time) on Sundays. 24-hour dealing closes at 22.00 (London time) on Fridays.

Ask dealers for information about public holidays.

6. Market trading times are given in London time, unless otherwise indicated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.

7. For each day that a stock index DFB position is open, adjustments are calculated to reflect the effect of interest (i) and, if necessary, dividends (ii). 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. Please note that on Fridays open positions will be adjusted for 3 days funding covering the weekend.

(i) Interest adjustments are calculated as follows:

D = n x C x i / 365

Where:

D = daily interest adjustment
n = bet size
C = underlying index price at 10pm (London time)
i = applicable annual interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others. Positions on the India 50 cash contract will have funding attributed based on the prevailing INR (Indian rupee) interest rate, positions on the Brazil 60 will have funding attributed based on the prevailing BRL (Brazilian real) interest rate, positions on the China A50 or China 300 cash contract will have funding attributed based on the prevailing CNH (offshore Chinese yuan) interest rate, positions on the South Africa 40 will have funding attributed based on the prevailing ZAR (South African Rand) interest rate and positions on the Malaysia 30 will have funding attributed based on the prevailing MYR (Malaysian ringgit) interest rate, regardless of the currency of your trade.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

(ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. 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.

8. Please note that tiered margins apply; this means that more margin may be required for larger positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.

9. Professional clients are exempt from regulatory limits on leverage in place for retail clients, and are able to trade on lower margins as a result. You can find out more, and check your eligibility, on our professional trading page.

Futures bet notes

10. a) Our index futures spread bets are quoted with reference to the front month contract in the underlying futures market. The prices quoted for spread bets, which are not on the front month contract, are adjusted for the fair value between that contract and the front month. Prices for spread bets on the front month futures contract are not adjusted.

b) Spreads are subject to variation, especially in volatile market conditions. On 24 hour index markets, our spreads depend on whether the underlying futures market is open (in-hours) or closed (out-of-hours). Other index markets are only quoted when the underlying futures market is open. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread during each time period is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

d) On all index markets, when the underlying futures market is open, we do not apply any weighting or biases to our pricing sources (with the exception of fair value adjustments).

e) During the out-of-hours sessions on 24 hour index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

f) On IG’s weekend index markets, our quotations reflect our own view of the prospects for each market. This could include analysing specific market or geographic news flow that may affect the equity index market we are pricing. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

11. The Japan 225 is quoted based on a USD denominated contract. Clients can have their bets denominated in USD, GBP, EUR, AUD and JPY.

12. We price our Volatility Index (VIX) and EU Volatility Index contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. Please see our commodities page for more details.

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Our stock indices futures contracts aim to replicate the futures price of the underlying index. Notes in [square brackets] are detailed in the section below.

UK and US futures

Market name [4] [5]	Bet size equivalent to one contract	Minimum bet	Time period	Spread	Guaranteed stop premium [14]*	Minimum margin requirement
						Retail [12]	Professional [13]
FTSE® 100 Futures 24 hours	£10	£0.50	07.00-21.00 All other times	4 8	0.8	5%	0.45%
Wall Street Futures 24 hours	$10	£0.20	08.00-21.00 22.00-23.00 All other times	6 17 10	1.8	5%	0.45%
US 500 Futures 24 hours	$250	£1	24 hours except: 22.00-23.00	1 2.4	0.4	5%	0.45%
US Tech 100 Futures 24 hours	$100	£1	24 hours except: 22.00-23.00	3 6.8	1	5%	0.45%
US Russell 2000 Futures	$500	£2	22.00-23.00 All other times	0.8 0.3	0.3	10%	0.45%
Mexico 35 Futures	MXN10	£0.10	13.30-21.00	50*	40	10%	4.5%
Volatility Index (VIX) – undated [12]	$1000	£100	21.30-21.15 (Opens at 23.00 on Sundays)	0.08	0.2	20%	11.25%
Volatility Index (VIX)	$1000	£100	21.30-21.15 (Opens at 23.00 on Sundays)	0.1	0.2	20%	11.25%
FTSE®/ Wall Street Differential 24 hours	n/a	£2	08.00-21.00 21.00-08.00	8 16	4	20%	0.9%
FTSE®/ Germany Differential 24 hours	n/a	£2	08.00-21.00 21.00-08.00	6 12	4	20%	0.9%

UK and US futures notes

Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not 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 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 communicate their roll preferences for any position(s) before expiry.

Where a client has agreed with IG to expire a position, we will do so on or after the last dealing day as follows:

1. FTSE® 100 Futures at the Exchange Delivery Settlement Price (EDSP) of the FTSE 100 as reported by LIFFE on the last dealing day. The EDSP is based on an intraday cash market auction of the FTSE 100 which commences at 10.10 on the last trading day. Uncrossing of the component stocks should be finished by 10.15.
2. Wall Street Futures at the Special Opening Quotation (SOQ) of the DJIA (calculated to two decimal places) on the 3rd Friday of the contract month, as reported by the CBOT. The SOQ is calculated from the sequence of opening prices of the 30 DJIA stocks on the NYSE.
3. US 500 Futures at the Special Opening Quotation of the S&P 500 on the 3rd Friday of the contract month, as reported by the CME.
4. US Tech 100 Futures based on the NASDAQ Official Opening Price (NOOP) of the constituent stocks of the index on the third Friday of the contract month.
5. US Russ 2000 Futures based on the Final Settlement Price of the Russell 2000 futures as reported by CME on the third Friday of the contract month.
6. Wall Street, US 500, US Tech 100 and US Russ 2000 futures can be dealt until 14.30 on the Friday of expiry. This means stop or limit orders can be filled until this time.
7. Mexico 35 Futures based on the Final Settlement Price of the MEX BOLSA index future on the Mexican Derivatives Market on the third Friday of the contract month.
8. Volatility Index (VIX) based on the final settlement value of the VIX index futures as reported by CBOE on the last trading day. The final settlement value is determined from a SOQ of the index, which is calculated from the sequence of opening prices of the constituent SPX options.
9. FTSE®/Wall Street Differential expires at the Special Opening Quotation of the DJIA on the 3rd Friday of the contract month minus the EDSP of the FTSE 100 on the 3rd Friday.
10. FTSE®/Germany Differential expires at the special calculation of the DAX Index minus the EDSP of the FTSE 100 Index on the 3rd Friday of the contract month.
11. We price our Volatility Index (VIX) contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. For more information see our Commodities page.
12. Please note that tiered margins apply; this means that more margin may be required for larger positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.
13. Professional clients are exempt from regulatory limits on leverage in place for retail clients, and are able to trade on lower margins as a result. You can find out more, and check your eligibility, on our professional trading page.
14. For guaranteed stop bets a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

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Our stock indices futures contracts aim to replicate the futures price of the underlying index. Notes in [square brackets] are detailed in the section below.

Euro futures

Market name [4] [5]	Bet size equivalent to one contract	Minimum bet	Time period	Spread	Guaranteed stop premium [18]*	Minimum margin requirement
						Retail [16]	Professional [17]
Germany 40 Futures 24 hours	€25	£0.50	07.00-21.00 21.00-07.00	6 12	1.5	5%	0.45%
France 40 Futures 24 hours	€10	£1	07.00-21.00 21.00-07.00	4 8	1	5%	0.45%
Italy 40 Futures 24 hours	€5	£0.50	08.00-16.50 16.50-19.30 16.50-08.00	14 14* 42	8	10%	0.9%
Spain 35 Futures 24 hours	€10	£1	07.00-08.00 08.00-16.30 16.30- 19.00 19.00-07.00	8* 8 8* 18	3	10%	0.9%
EU Stocks 50 Futures 24 hours	€10	£1	07:00-21:00 21:00-07:00	2 4	1	5%	0.45%
EU Volatility Index	€1000	£100	08.05-21.00	0.16	0.4	20%	12.6%
Germany Tech 30 Futures	€10	£2	07.00-21.00	3*	1	10%	1.35%
Germany Mid-Cap 50 Futures	€5	£1	07:00-21:00	8*	5	10%	1.35%
Austria 20 Futures	$5	£5	08.05-16.30	10*	5	10%	4.5%
Hungary 12 Futures	HUF10	£0.10	08.05-16.00	100*	200	10%	4.5%
Netherlands 25 Futures 24 hours	€200	£20	07.00-08.00 08.00-16.30 16.30-21.00 21.00-07.00	0.3 0.2 0.3 0.6	0.4	10%	0.9%
Norway 25 Futures 24 hours	NOK100	£10	08.00-15.20 15.20-08.00	0.7* 1.5	0.4	10%	9%
Greece 25 Future	€2	£1	08.15-15.20	20*	n/a	10%	9%
Switzerland Blue-Chip Futures 24 hours	CHF10	£2	07.00-21.00 20.59-07.01	6* 10	2	10%	0.68%
Sweden 30 Futures 24 hours	SEK100	£5	08.00-16.25 16.25-08.00	0.7 1.5	0.8	10%	0.68%
Denmark 25 Futures	DKK100	£1	08.00-15.55	4	0.6	10%	1.8%

European futures notes

Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not 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 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 communicate their roll preferences for any position(s) before expiry.

Where a client has agreed with IG to expire a position, we will do so on or after the last dealing day as follows:

1. Germany 40, Germany Tech 30 and Germany Mid-Cap 50 Futures based on the final settlement value of the DAX 40, TecDAX and MDAX respectively as reported by Eurex on the last trading day. The settlement value is based on prices of the component shares of the respective index as determined in an intraday auction starting at 13.00 CET in the electronic trading system Xetra.
2. Greece 25 Futures based on the Final Settlement Price of the FTSE/ATHEX Large Cap index future, as published by Athens Derivative Exchange, on the third Friday of the contract month or the previous business day.
3. France 40 Last dealing day: third Friday of contract month or previous business day. Futures can be traded until 16.00 (Paris time) on the last trading day and settle basis the EDSP of the CAC 40 as reported by Euronext on the last trading day. The EDSP is calculated as the arithmetic mean (rounded to one decimal place) of the index values between 15.40 and 16.00 (Paris time and including the last value disseminated after 16.00) on the last trading day.
4. Italy 40 Futures based on the settlement price of the S&P/MIB index future as reported by Borsa Italiana. The settlement price is a value of the S&P/MIB index calculated on the basis of prices of shares in the index on the last trading day.
5. Spain 35 Last dealing day: third Friday of contract month or previous business day. Futures based on the average value of the IBEX 35 between 16.15 and 16.44 (Madrid time) on the day of expiry as reported by MEFF. The settlement price is a value of the IBEX35 index calculated on the basis of prices of shares in the index on the last trading day.
6. Austria 20 Futures last dealing day: third Friday of contract month or previous business day. Settles: based on the Final Settlement Price of the Austrian Traded Index reported by Wiener Borse, after the intraday auction starting at 12.00 CET of ATX stocks on Xetra. Traded months: March, June, September, December.
7. EU Stocks 50 Futures based on the average price of the Dow Jones Euro STOXX 50 values calculated between 11.50 and 12.00 CET on the last trading day, and as reported by Eurex.
8. Hungary 12 Futures based on the Final Settlement Price of the BUX Exchange Future on the Budapest Stock Exchange on the third Friday of the contract month.
9. Netherlands 25 Last dealing day: third Friday of contract month or previous business day. Futures based on the average of values of the AEX index calculated at one-minute intervals between 14.30 and 15.00 on the last trading day.
10. Norway 25 Futures based on the Final Settlement price of the OBX index future as reported by Turquoise (EDX London) on the third Thursday of the contract month or the previous business day.
11. Switzerland Blue-Chip Futures based on the settlement value of the SMI as reported by Eurex on the third Friday of the contract month. The settlement value is calculated on the basis of the virt-x opening prices of the SMI component shares on the third Friday.
12. Sweden 30 Last dealing day: third Friday of contract month or previous business day. Futures based on the final settlement price of the OMXS30 as reported by NASDAQ OMX on the last trading day. This price is calculated using the previous day’s closing price of the OMXS30 futures and a volume weighted average price of the OMXS30 on the expiration day.
13. EU Volatility Index last trading day is the final settlement day, which is 30 calendar days prior to the expiration day of the underlying options (i.e. 30 days prior to the third Friday of the expiration month of the underlying options, if this is an exchange day).
14. The VSTOXX Final Settlement Price is established by Eurex on the Final Settlement Day, based on the average of the index values of the underlying on the Last Trading Day between 11:30 and 12:00 CET.
15. We price our Volatility Index (VIX) contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. For more information see our Commodities page.
16. Please note that tiered margins apply; this means that more margin may be required for larger positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.
17. Professional clients are exempt from regulatory limits on leverage in place for retail clients, and are able to trade on lower margins as a result. You can find out more, and check your eligibility, on our professional trading page.
18. For guaranteed stop bets a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

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Our stock indices futures contracts aim to replicate the futures price of the underlying index. Notes in [square brackets] are detailed in the section below.

Asia futures

Market name [4] [5]	Bet size equivalent to one contract	Minimum bet	Time period	Spread	Guaranteed stop premium [18]*	Minimum margin requirement
						Retail [16]	Professional [17]
Australia 200 Futures 24 hours	AUD25	£3	09.50-16.30 17.10-08.00 All other times (Sydney)	3 4 7	2	5%	0.45%
Hong Kong HS50 Futures 24 hours	HKD50	£0.50	01.15-04.00 05.00-08.15 09.00-15.45 All other times (GMT)	16 16 16* 30	15	10%	1.35%
Japan 225 Futures 24 hours	$5	£0.50	00.45 (GMT) - 22.15 (London) 22.15 (London) - 00.45 (GMT)	20 30	20	5%	0.45%
China H-Shares Futures	HKD50	£1	01.15-04.00 05.00-08.15 09.15-16.59 All other times (GMT)	12 12 12* 24	15	10%	1.35%
Singapore Blue-chip Futures 24 hours	SGD100	£20	00.30-09.10 10.15-17.54 All other times (GMT)	0.2* 0.2* 1	0.2	10%	0.68%
South Africa 40 Futures 24 hours	ZAR10	£1	06.30-15.30 All other times (GMT)	12* 50*	6	10%	1.35%

Asian and Australian futures notes

Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not 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 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 communicate their roll preferences for any position(s) before expiry.

Where a client has agreed with IG to expire a position, we will do so on or after the last dealing day as follows:

1. Australia 200 Futures at the Special Opening Quotation (SOQ) of the S&P/ASX 200 on the last trading day calculated to one decimal place. The SOQ is calculated using the first traded price of each component stock in the S&P/ASX 200 on the last trading day, irrespective of when those stocks first trade in the ASX trading day. This means that the first traded price of each component stock may occur at any time between ASX market open and ASX market close (including the Closing Single Price Auction) on the last trading day. Should any component stock not have traded by ASX market close on the last dealing day, the last traded price of that stock will be used to calculate the SOQ.
2. Hong Kong HS50 Futures at the settlement price of the Hang Seng on the last dealing day on the Hong Kong Futures Exchange. The settlement price is the average of the Hang Seng at five-minute intervals, rounded down to the nearest whole number, on the last trading day. Please note that this contract can only be dealt in until 16.00 Hong Kong time on the last dealing day.
3. Japan 225 futures at the special opening quotation of the Nikkei 225 Stock Average on the day following the last dealing day, which is used to settle the Nikkei 225 futures rounded to the nearest 1/10th of an index point. This contract can be dealt in until 21.15 London time on the last dealing day.
4. China H-Shares Futures based on the final settlement price of the Hang Seng China Enterprises index calculated on the trading day prior to the last business day of the contract month.
5. Singapore Blue-Chip Futures based on the Special Opening Quotation of the MSCI Singapore Free index on the day following the last trading day, as reported by SGX.
6. South Africa 40 Futures based on the official settlement price of the FTSE®/JSE Top 40 futures as reported by the JSE Securities Exchange on the third Thursday of the contract month.
7. Taiwan index futures at the Final Settlement Price of the MSCI Taiwan index as reported by SGX on the business day following the last trading day.
8. 24 hours dealing starts at 23.00 London time on Sunday and finishes at 22.00 London time on the following Friday. Ask dealers for information about public holidays.
9. Market trading times are given in London time, unless otherwise indicated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.
10. On all futures bets, 1 point means 1 index point.
11. Bets on index futures are rolled over provided we receive your rollover instruction at least 15 minutes before our last dealing time.
12. When a bet on an index future is rolled over, the bet is usually closed at the settlement price on the day before the last dealing day, plus or minus half the IG spread, and automatically reopened at the settlement price for the succeeding contract, plus or minus half the IG spread with a 40% concession applied. This applies to bets on all index futures, except FTSE® 100, Wall Street, and FTSE®/Wall Street differentials, which are closed at the settlement price for the expiring contract the day before the last dealing day and automatically reopened at the settlement price for the succeeding contract, plus or minus half our normal spread.
13. If you have placed a controlled-risk bet on an index future, the bet is closed at the settlement of our price plus or minus half our normal spread, and automatically reopened at the middle of our new opening price plus or minus half our spread with a 40% concession applied, and plus or minus the controlled-risk premium. This applies to controlled-risk bets on all index futures, except FTSE®, Wall Street, and FTSE®/Wall Street differentials, which are closed with no IG spread and automatically reopened at the middle of our new opening price, plus or minus half our normal spread, and plus or minus the controlled-risk premium.
14. If you have stops or limits on your index future bet when it is rolled over, we will, unless otherwise instructed, place the stop or limit on the new bet at the same level, but adjusted for fair value. For example, if the price of the new contract is 20 points higher than the expiring contract, your stop or limit would be rolled forward at your existing level plus 20 points. This applies to both guaranteed and non-guaranteed stops and limits.
15. We price our Volatility Index (VIX) contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. For more information see our Commodities page.
16. Please note that tiered margins apply; this means that more margin may be required for larger positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.
17. Professional clients are exempt from regulatory limits on leverage in place for retail clients, and are able to trade on lower margins as a result. You can find out more, and check your eligibility, on our professional trading page.
18. For guaranteed stop bets a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

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