|Index and dealing hours||Value of one contract
(per index point) (3)
|Limited Risk Premium
|South African 40 - Micro 24 hours (4) *||ZAR 2||Variable (30)||15||ZAR 1'308|
|South African 40 - Mini 24 hours (4)||ZAR 10||Variable (30)||15||ZAR 6'543|
|South African 40 - Standard 24 hours (4)||ZAR 50||Variable (30)||15||ZAR 32'700|
* Please note that there is a minimum contract size of 2x micro contracts when opening a position.
Our South Africa 40 Stock Index is a special form of CFD that gives a client exposure to changes in the value of the stock index but cannot result in the delivery of any share or instrument by or to the client.
|D||Daily interest adjustment|
|n||Number of lots|
|C||Current index price|
|i||Applicable annual interest rate.|
The applicable interest rate will be +/-2.5% above/below the indicator cash rate of that index with the exception of non-standard indices and forex contracts, which will be calculated using a rate of +/-3% above/below the indicator cash rate. For stock index contracts denominated in South African rands the applicable rand cash rate will be used.
Note: The formula uses 365-day divisor for non-UK indices.
Interest in respect of long positions is debited from a client's account and interest in respect of short positions is generally credited to a client's account.
On our agreement to an expiry request, the transaction or transactions in question will become an Expiry Transaction, and will automatically expire at the official closing price of the related expiry market.
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