CFD Rates and Charges

Commission Charges
Commission is charged per deal. Other charges and service restrictions may apply.

Equity CFDs

Instrument	Commission Fee	Minimum Commission	Notional Trading Requirement from 10% on equities*	Funding Interest Long Position	Funding Interest Short Position	Guaranteed Stop Loss Premium

UK Shares (FTSE 350)	0.15%	£17.50	10%	LIBOR + 2.5%	LIBOR - 2.5%	25 bps on standard

US Shares (US $1Bn)	0.25%	$30.00	10%	LIBOR + 2.5%	LIBOR - 2.5%	n/a

Euro Shares (€1Bn)	0.25%	€30.00	10%	LIBOR + 2.5%	LIBOR - 2.5%	n/a


	*Also know as Initial Margin or Deposit.

Index CFDs

Instrument	Commission Fee (Flat Rate)	Barclays Stockbrokers CFDs Spread (Points)	Notional Trading Requirement*	Funding Interest Long Position	Funding Interest Short Position	Guaranteed Stop Loss Premium

FTSE100	£12.50	4	5%	LIBOR + 2.5%	LIBOR - 2.5%	3 Index Points

Dow Jones	$19.50	6	5%	LIBOR + 2.5%	LIBOR - 2.5%	4 Index Points

S&P 500	$19.50	0.8	5%	LIBOR + 2.5%	LIBOR - 2.5%	0.4 Index Points

NASDAQ 100	$19.50	3	5%	LIBOR + 2.5%	LIBOR - 2.5%	1 Index Point

DAX 30	€19.50	6	5%	LIBOR + 2.5%	LIBOR - 2.5%	2 Index Points

CAC 40	€19.50	5	5%	LIBOR + 2.5%	LIBOR - 2.5%	2 Index Points

Swiss Market	SFR 25.00	12	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	Call Dealing Desk

IBEX 35	€19.50	14	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	Call Dealing Desk

MIB 30	€19.50	30	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	Call Dealing Desk

Euro STOXX 50	€19.50	4	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	2 Index Points

Nikkei Dow 225	JPY 2300.00	20	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	Call Dealing Desk

Hang Seng	HK $150.00	20	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	Call Dealing Desk


	*Also know as Initial Margin or Deposit.

Sector CFD's

Instrument	Commission Fee (Flat Rate)EditRegion36	Barclays Stockbrokers CFDs Spread (Points)	Notional Trading Requirement*	Funding Interest Long Position	Funding Interest Short Position	Guaranteed Stop Loss Premium

UK Sectors	0.20%	All Different	7.5%	LIBOR + 2.5%	LIBOR - 2.5%	0.2%

Currency CFD's

Instrument	Commission Fee (Flat Rate)	Barclays Stockbrokers CFDs Spread (Points)	Minimum Trade Size	Value per point of one CFD	Notional Trading Requirement*

EUR/USD CFD	$19.50	4	US $1	US $1	2%

GBP/USD CFD	$19.50	4	US $5	US $5	2%

USD/CHF CFD	CHF 25.00	4	CHF 5	CHF 5	2%

USD/JPY CFD	JPY 2300.00	4	YEN 500	YEN 500	2%

AUD/USD CFD	$19.50	4	US $5	US $5	2%

USD/CAD CFD	$30.00	4	CAD $5	CAD $5	2%

EUR/CHF CFD	CHF 25.00	4	CHF 5	CHF 5	2%

EUR/GBP CFD	£12.50	4	GBP £3	GBP £3	2%

EUR/JPY CFD	JPY 2300.00	4	YEN 500	YEN 500	2%


	*Also know as Initial Margin or Deposit.

Please note that on CFD deals that are not opened and closed within the same business day, funding interest is applied daily. For long positions the interest is debited and for short positions the interest is credited.

Interest is based on overnight LIBOR (London Inter Bank Offer Rate) For orders which exceed our standard quoted size, there may be a delay if we hedge the order in the underlying market. You will be informed of any likely delay when you place the order.

For Currency CFDs, the daily financing charge is the GBP one day interest rate differentials for the two currencies concerned.

Effectively you receive the interest on the currency you have bought and pay interest on the currency you have sold, although the financing posting/adjustment will be made in one currency.