CFD Cash Index
Q1. What is the contract size of CFD Cash Index value?
Contract size of CFD Cash Index = 1 * Index price.
Q2. How is the CFD Cash Index price derived?
CFD Cash Index prices are derived from actual underlying Future after adjusting interest and dividend. However CFD Cash Index price may vary from actual Future price due to fair-value adjustment. CGSI liquidity provider provides price feed which CGSI provide to customer directly without adding any spread.
Q3. How is the liquidity available for CFD Cash Index?
CGSI CFD Cash Index has substantial liquidity provided by our liquidity providers. Liquidity can be seen in Bid/Ask Volume on quote screen.
Q4. Can I take short position in CFD Cash Index?
Yes, CGSI CFD Cash Index are available for both Long and Short position.
Q5. Do CFD Cash Indexes expire?
No, CGSI CFD Cash Indexes are non-expiring contracts. Customer can hold a position as long as the account maintains the minimum margin requirement of the position. There is no hidden cost for expiry roll over.
Q6. What is cost related to trading CFD Cash Index?
Only cost related to CFD Cash Index is overnight financing if position is held as of 05:00AM SG time. Please refer to CFD Index Financing illustration section for more details.
There is no commission.
Q7. How do corporate actions and dividends affect my positions?
Dividends will be adjusted to your trading account if you are holding positions in an Index and any constituent announces a dividend.Please refer to Cash Index Dividend illustration section.
Other corporate actions like bonus issue, rights issue, stock split, etc. do not have any impact on your CFD Cash Index position quantity. Index price adjustments will accommodate for these events.
Q8. How is profit and loss reflected in my account?
Unrealized profit and loss on your open positions will be reflected in your account statement in Index currency. Your trading platform will reflect all unrealized profit and loss converted into account base currency for valuation purpose only.
Realized profit and loss on your closed position will also be reflected in your account statement in Index currency. CFD Cash Index does not auto convert any cash flow resulted from CFD Cash Index trading into other currencies until instructed by customer.
Q9. What are the eligibility criteria for CFD Cash Index trade permission?
You must have a CGSI CFD trading account and have signedForm 13 (Risk Disclosure Form)in order to trade CFD Cash Index. Please refer to the section on"Getting Started for CFD Cash Index"for more details.