CFD Futures
Q1. What is the contract size of CFD Futures value?
CFD Futures has the same contract size as Actual Futures.
Contract size of CFD Futures = Futures current price * Point Value
Each CFD Futures has different point value -- similar to Actual Futures.Please refer to contract details table on CFD Futures main page for more details
Q2. How does CFD Futures profit/loss differ from Actual Futures?
Profit/Loss on CFD Futures is the same as Actual Futures.
Profit/Loss of CFD Futures = Quantity * (Exit price – Entry price) * Point Value
Please refer to contract details table on CFD Futures main page for more details
Q3. How is CFD Futures margin calculated and is it different from Actual Futures?
Actual Futures margin is based on SPAN methodology provided by Futures exchanges. CFD Futures margin is not SPAN based. Margin applied is based on % of the CFD Futures contract value.
Margin amount on CFD Futures = Quantity * Contract value * Margin Rate %
CFD Futures does not offer calendar spread margin offset. If account is holding both Long & Short position in same Future CFD but different contract month, gross margin will be applied
Q4. Does CFD Futures have same expiry as Actual Futures?
Yes, CFD Futures has same expiry as Actual Futures. CFD Futures is cash settled.
Commodity CFD Futures are deliverable therefore customers must close out all positions in Commodity CFD Futures 2 days before First notice day.
Q5. What does cash-settlement mean?
It means if you hold a position in Equity Index Future CFD until expiry of contract then the position will be closed out automatically at the Final Settlement Price of that contract and account will realize profit or loss.
Please note: Liquidity may thin out as the contract approaches the expiry date.
Q6. Will there be any notification given before contract expiry/First notice day?
Yes. We will attempt to notify you via email 5 days before contract expiry/First notice day and subsequently, 2 days before contract expiry/First notice day. However, this is on a best effort basis.
Customers will be required to either close out existing positions or roll position to next available contract month.
Q7. What will happen if I do not close my position by expiry date/First notice day?
If you do not give us notice to close out the outstanding position by the expiry date, CGSI will automatically close out the Equity Index CFD Futures and it will be cash-settled on the expiry date based on the Final Settlement Price.
In case of Commodity CFD Futures, CGSI will close out in market any open position 1 day before First notice day.
Q8. How do I know what is the Final Settlement Price and where do I find it?
The Final Settlement Price will be shown on your client statement as the trade price for the closing of the position. Final Settlement Price for all futures is also published by the underlying exchange
Q9. When will my "good for day" working order expire for exchanges with after hour trading session (T+1)?
Orders are only good for the session that they are placed in; once the session is closed the order will expire.
Q10. What do I need to do to have access to CFD Futures trading?
You need to sign aRisk Disclosure Formin order to have access to CFD Futures Trading. For further details please contact clients services at 1800 538 9889 (SG Toll Free) / +65 6538 9889 (Overseas)