a) Regarding US markets, where reference is made to London time please apply daylight saving rules to the stated market close times when appropriate.
b) IG’s digital 100s may be settled against either of the following reference price level:
The official underlying prices of the instrument as provided independently by the issuer or the exchange which is sourced from Bloomberg
IG’s prices of the referenced IG instrument indicated for the digital 100.
c) IG’s digital 100s settlement reference price level are based on various referencing methods; upon the expiry of the digital 100.
A range of possible digital 100s will be offered on the daily performance/official settlement of each market. The price quotation for each digital 100 is expressed in points. If the digital 100 statement is true, the price settles at 100. If it isn’t true, it settles at 0. If the market finishes at the exact same value at the point of expiry, the digital 100 would be considered up, and the price would settle at 100. Your profit or loss depends on the amount per point you’ve staked, and the difference between your opening price and the digital 100’s closing price.
When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via the trading platform.
If there is no flotation by the date quoted for each market then all positions will be void.
IG’s digital 100s are priced and/or derived from the value of the underlying instrument which may be traded on major exchanges or on Over-the-Counter (“OTC”) markets. Where the underlying instrument is traded on an exchange, the availability of pricing for IG’s digital 100s may track the availability of the underlying instrument on the relevant exchange. IG’s Bids and Offers on our digital 100s for underlying exchange traded instruments will ordinarily only be valid during the period when these underlying instruments are available for trading on their corresponding exchanges. A Manifest Error (as defined in Term 11 of the Margin Trading Customer Agreement) will occur should “the state of the Underlying Market at the time of the error or any error in, or lack of clarity of, any information source or pronouncement upon which we base our quoted prices”. “We reserve the right to, without your consent, either void from the outset or amend the terms of any Transaction containing or based on any error that we reasonably believe to be obvious or palpable (a ‘Manifest Error’, and such transaction a ‘Manifestly Erroneous Transaction’)”.