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Trading Info
Margin Policy For Online Account Margin Policy For Dealing Desk Account MARGIN POLICY FOR ONLINE ACCOUNT MARGIN POLICY FOR ONLINE ACCOUNT
An overnight maintenance margin of 100% is required for each open position. The Trader will receive a margin call notice if the margin falls below requirements. When one's account balance is no longer able to cover one's minimum margin requirement, one's positions are closed automatically.
CURRENCIES FOLLOWING EUROPEAN TERMS: SWISS FRANC(CHF) FORMULA: PROFIT/LOSS = [ 1/S.P - 1/B.P ] * CONTRACT SIZE EXAMPLES: SWISS FRANC (CHF) NAME BID ASK CHF 1.5050 1.5060
CALCULATION : Sell CHF/USD at 1.5060 Profit = [1/1.5060 - 1/1.5140 ] * CHF 150,000.00 = USD 526.30 Gross Profit = USD 526.30 THE SAME CALCULATION APPLIES
FOR JAPANESE YEN & THE CANADIAN DOLLAR.
CURRENCIES FOLLOWING US TERMS: EURO (EUR) FORMULA: PROFIT/LOSS = [ S.P - B.P ] * CONTRACT SIZE EURO (EUR) NAME BID ASK EUR 1.0650 1.0660 CALCULATION Sell EUR/USD at 1.0650 Profit = [ 1.0650 - 1.0590 ] * EUR 100,000.00 = USD 600.00 Gross Profit = USD 600.00 THE SAME CALCULATION APPLIES FOR THE GBP, AUD & NZD. METALS FORMULA: PROFIT/LOSS = ( S.P. - B.P.) * CONTRACT SIZE EXAMPLES: GOLD (XAU) NAME BID ASK XAU 317.50 317.75
CALCULATION Buy Gold at USD 317.75 Profit = ( 322.25 - 317.75 ) * 100 T/Oz = USD 450.00 Gross Profit = USD 450.00 THE SAME CALCULATION APPLIES
FOR SILVER, PLATINUM & PALLADIUM.
STORAGE CHARGES An investor may be earning or paying interest on his/her open positions depending upon the interest rate differential between the US Fed Funds rate & the rate of the relevant Central Bank. The interest rate will come into picture 48 hours (2 days) after the position has been taken. STORAGE CALCULATION FORMULA: STORAGE = CONTRACT
SIZE * INTEREST RATE EXAMPLE: AS AT 06/03/2003, THE INTEREST RATE FOR GBP ARE AS FOLLOWS: BUY US$ = -3.00% If a client takes a Buy US$ position in GBP & 48 hours (2 days) have passed, then interest he/she would be paying is as follows; STORAGE = USD
100,000.00 * 3.00% = US$ 8.33 PER DAY
If a client takes a Sell US$ position in GBP & 48 hours(2days) have passed, then interest he/she would be earning is as follows; STORAGE = USD
100,000.00 * 1.00% = US$ 2.77 PER DAY
MARGIN POLICY FOR DEALING DESK ACCOUNT MARGIN POLICY FOR DEALING DESK ACCOUNT
CURRENCIES FOLLOWING EUROPEAN TERMS: SWISS FRANC (CHF) FORMULA: PROFIT/LOSS = [ (S.P. - B.P.) / +/- 10 PIPS TO C.P ] * CONTRACT SIZE WHERE; S.P. = SELLING PRICE EXAMPLES: SWISS FRANC (CHF) NAME BID ASK CHF 1.5050
1.5060
CALCULATION Buy USD/CHF at 1.5060 Profit = [(1.5140 - 1.5060) / 1.5150] * US$100,000.00 = USD 528.05 Gross Profit = USD 528.05 THE SAME CALCULATION APPLIES TO THE JAPANESE YEN
& CANADIAN DOLLAR.
CURRENCIES FOLLOWING US TERMS: EURO (EUR) FORMULA: PROFIT/LOSS = [ 1/S.P - 1/B.P ] * CONTRACT SIZE * +/- 10 PIPS TO C.P EURO (EUR) NAME BID ASK EUR 1.0650
1.0660
CALCULATION Buy USD/EUR at 1.0650 Profit = [(1/1.0590 -1/ 1.0650 )] * 100,000.00 * 1.0580 = USD 562.85 Gross Profit = USD 562.85 THE SAME CALCULATION APPLIES
TO THE GBP, AUD & NZD.
FORMULA: PROFIT/LOSS = ( S.P. - B.P.) * CONTRACT SIZE EXAMPLES: GOLD (XAU) NAME BID ASK XAU 317.50
317.75
CALCULATION Buy Gold at USD 317.75 Profit = ( 322.25 - 317.75 ) * 100 T/Oz = USD 450.00 Gross Profit = USD 450.00 THE SAME CALCULATION APPLIES
FOR SILVER, PLATINUM & PALLADIUM.
STORAGE CHARGES An investor may be earning or paying interest on his/her open positions depending upon the interest rate differential between the US Fed Funds rate & the rate of the relevant Central Bank. The interest rate will come into picture 48 hours (2 days) after the position has been taken. STORAGE CALCULATION FORMULA: STORAGE = CONTRACT
SIZE * INTEREST RATE EXAMPLE: AS AT 06/03/2003, THE INTEREST RATE FOR GBP ARE AS FOLLOWS: BUY US$ = -3.00% If a client takes a Buy US$ position in GBP & 48 hours (2days) have passed, then interest he/she would be paying is as follows; STORAGE = USD
100,000.00 * 3.00% = US$ 8.33 PER DAY If a client takes a Sell US$ position in GBP & 48 hours (2days) have passed, then interest he/she would be earning is as follows; STORAGE = USD
100,000.00 * 1.00% = US$ 2.77 PER DAY COMMISSION STRUCTURE Accounts will be charged a Round term $50 commission when trading with the Deal Desk. All Accounts traded over the internet through our "Net Trader" dealing System will be charged a round term $35 commission.
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