Finanzierungskosten

 

 

Stock Index Tracker CFD Prices

Pricing

At Misspelled WordSaxo Bank Index-tracking CFDs are traded at a minimum spread, which is defined as the spread you will see under normal market conditions.

Volatile market conditions may affect the spreads shown on these instruments.

 

Contract details 

​Stock Index Tracker Name

Trading hours*​ Spread**​ Margin required***​ Value of one contract***​
US Tech 100 NAS​ 22 hours (18:01 - 16:00)​ 1​ 0.50%​ USD 1​
US 30 Wall Street​ 22 hours (18:01 - 16:00)​ 4​ 0.50%​ USD 1​
US SPX500​ 22 hours (18:01 - 16:00)​ 1​ 0.50%​ USD 1​
Germany 30 08:01 - 21:55​ 2​ 0.50%​ EUR 1​
UK 100​ 01:01 - 20:55​ 1​ 0.50%​ GBP 1​
France 40​ 08:01 - 21:55​ 2​ 0.50%​ EUR 1​
Australia 200​ 10:10 - 16:25​ 1.5​ 0.50%​ AUD 1​
Switzerland 20​ 08:01 - 21:55​ 3​ 0.50%​ CHF 1​
Italy 40​ 09:01 - 17:30​ 12​ 0.50%​ EUR 1​
Spain 35​ 09:01 - 19:55​ 8​ 0.50%​ EUR 1​
EU Stocks 50​ 08:01 - 21:55​ 2​ 0.50%​ EUR 1​
Japan 225​ 09:01 - 00:30​ 12​ 0.50%​ JPY 1​
Hong Kong​ 09:16 - 16:10​ 12​ 0.50%​ HKD 1​
Netherlands 25​ 08:01 - 21:55​ 0.25​ 0.50%​ EUR 1​
Sweden 30​ 09:01 - 17:25​ 0.65​ 0.50%​ SEK 1​
Norway 25​ 09:01 - 17:20​ 1​ 0.50%​ NOK 1​
Belgium 20​ 09:10 - 17:30​ 13​ 0.50%​ EUR 1​
Denmark 20​ 09:10 - 16:55​ 2.5​ 0.50%​ DKK 1​
UK Mid 250​ 08:10 - 16:30​ 44​ 0.50%​ GBP 1​
Germany Tech 30​ 09:10 - 17:30​ 4.5​ 0.50%​ EUR 1​
Germany Mid-Cap 50​ 09:10 - 17:30​ 15​ 0.50%​ EUR 1​
* Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong trading session has a mid-session break between 12:00-13:00 and the trading session in Japan between 3:25 pm and 4:15 pm.
 
** Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Misspelled WordDax.I normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.
 
*** Margin required: Misspelled WordSaxo Bank enables you to benefit from 200 times leverage for the first EUR 50,000 or equivalent of combined CFD margin collateral, meaning that a single account can hold a position with a maximum exposure of EUR 10,000,000 for a single instrument at the margin rate shown in the table above. Above this threshold the margin requirement doubles. Misspelled WordSaxo Bank reserves the right to increase margin requirements for considerably concentrated client portfolios.
 
**** Point Value of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

 

US2000 Index-tracking CFD contract details

 
Stock Index Tracker Name​ Min. Trade size​ Margin​ Spread Mark up​ ​Trading hours Expiry Date​
US2000​ 1​ 4%​ +0.5 20:00-16:00 EST​ ​LTD -2
  

The US2000 Index Tracker CFD trades on the spread of the underlying Future Misspelled Wordplus a small mark up.

No Minimum Ticket fee

There is no minimum ticket fee to trade Stock Index Tracker CFDs with Saxo Bank.

Overnight Financing​

As Index Tracker CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

When you hold an Index Tracker CFD position overnight, your CFD position will consequently be subject to the following credit or debit:

Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge, calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate + 2.5%) * (Actual Number of Days/360 or Actual Number of Days/365)

 

Holding Short positions after 17:00 EST (New York time) creates a financing credit, calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Bid Rate – 3.0%) * (Actual Number of Days/360 or Actual Number of Days/365)

If the financing credit is negative it will be debited from your account.

No Overnight Financing on US2000 Index Tracker

As the price of the US2000 Index Tracker CFD tracks the price of the underlying Futures Contract no overnight financing applies.

Updated 1 August 2012