Dear Valued Client,
Regarding our current method of combining indices dividends with swaps, please be advised that we expect to launch the new feature starts from November 16th 2020 to separate indices dividends with swaps in order to add more clarity on these rates.
The impact of this change will be that the indices dividends will not be paid or charged as an inclusion along with the swap component. Indices dividends will be executed separately through a balance statement directly to your trading account. The comment for trading index CFDs will be in the following format “Div&< Product Name >&< Net Volume >” which show in the balance.
For example, the comment shows in the balance will be “Div & NAS100 & 5” for trading 5 lots NAS100 for Long. On the contrary, the comment shows in the balance will be “Div & NAS100 & -5” for trading 5 lots NAS100 for Short.
Please note that the above adjustment is only displayed in the new format and there is no impact to the total cost.