|
Equity |
IBY
Commission |
Minimum Commission |
IM Factor
(Margin Req) |
Basis of Price and Interest Rate used for Finance
Adjustments |
IBY Trading Hours |
Min/Max Size
1 cfd = 1 share |
† Tick Factor (per 100 CFDs) |
Currency |
Example Price |
Last Update |
|
Australia |
0.10% |
10 AUD |
5% top 20, 10% others |
BBA AUD LIBOR Spot Next rate at 17:00 New York
time |
10:00 - 16:00 Sydney time (Opening times are
staggered from 10:00 Sydney time and are approximately: A-B 10:00;
C-F 10:03; G-M 10:05; N-R 10:07; S-Z 10:09) |
1 / 50,000 - higher maximums on request |
1 AUD cent |
AUD |
2.455 |
16/02/2009 |
|
Austria |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 08:00 - 16:30;
Local 09:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
76.54 |
16/02/2009 |
|
Belgium |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30
Local 9:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
9.87 |
16/02/2009 |
|
Denmark |
0.10% |
100 DKK |
10% |
BBA DKK LIBOR Spot Next rate at 17:00 New York
time |
09:00 - 17:00 CET |
1 / variable |
0.01 of 1 Danish Krone |
DKK |
368 |
20/01/2009 |
|
Finland |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
10:00 - 18:20 CET |
1 / variable |
1 Euro cent |
EUR |
22.22 |
16/02/2009 |
|
France |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30
Local 9:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
23.4 |
16/02/2009 |
|
Germany |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30
Local 9:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
38.18 |
16/02/2009 |
|
Hungary |
0.25% |
3500 HUF |
25% |
BBA LIBOR HUF Overnight rate at 17:00 New York
time |
UK 08:00 - 16:30
Local 09:00 - 15:30 |
1/ 25,000 |
1 HUF cent |
HUF |
9360 |
18/02/2009 |
|
Italy |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:10 - 16:25
Local 9:00 - 17:25 |
1 / 10,000 |
1 Euro cent |
EUR |
18.32 |
16/02/2009 |
|
Netherlands |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30
Local 9:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
10.05 |
16/02/2009 |
|
Norway |
0.10% |
100 NOK |
10% |
NIBOR one week rate at 17:00 New York time |
09:00 - 16:20 CET |
1 / variable |
0.01 of 1 Norwegian Krone |
NOK |
128.55 |
20/01/2009 |
|
Portugal |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
09:00 - 17:30 CET |
1 / variable |
1 Euro cent |
EUR |
120.25 |
16/02/2009 |
|
South
Africa |
0.45% |
150 ZAR |
10% |
BBA LIBOR ZAR Overnight rate at 17:00 New York
time |
UK 07:00 - 15:00
Local 09:00 - 1700 |
1/ variable |
1 ZAR cent |
ZAR |
8787 |
06/02/2009 |
|
Spain |
0.10% |
10 EUR |
10% |
BBA LIBOR EUR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30
Local 9:00 - 17:30 |
1 / 10,000 |
1 Euro cent |
EUR |
20.22 |
16/02/2009 |
|
Sweden |
0.10% |
100 SEK |
10% |
Stockholm Interbank Offer Tom/Next rate at 17:00 New
York time |
09:00 - 17:00 CET |
1 / variable |
0.01 of one Swedish Krona |
SEK |
1.79 |
20/01/2009 |
|
Switzerland |
0.10% |
15 CHF |
10% |
BBA CHF LIBOR Spot Next rate at 17:00 New York
time |
UK 08:00 - 16:30;
Local 09:00 - 17:30 |
1 / 10,000 |
1 centime |
CHF |
20.53 |
16/02/2009 |
|
UK |
0.10% |
7 GBP |
(UK 350 10%) (AIM 25%) |
BBA GBP LIBOR Overnight rate at 17:00 New York
time |
UK 8:00 - 16:30 |
1 / 25,000 |
1 pence |
GBP |
250.5 |
16/02/2009 |
| US
Equities Offerings |
|
US
SPX 500 |
2.95 cents per share |
10 USD |
10% |
BBA USD LIBOR Overnight rate at 17:00 New York
time |
UK 14:30 - 21:00
Local 9:30 - 16:00 |
1 / 25,000 |
1 US cent |
USD |
120.05 |
16/02/2009 |
|
US
Tech 100 |
2.95 cents per share |
10 USD |
10% |
BBA USD LIBOR Overnight rate at 17:00 New York
time |
UK 14:30 - 21:00
Local 9:30 - 16:00 |
1 / 25,000 |
1 US cent |
USD |
35.65 |
16/02/2009 |
|
US
Wall Street 30 |
2.95 cents per share |
10 USD |
10% |
BBA USD LIBOR Overnight rate at 17:00 New York
time |
UK 14:30 - 21:00
Local 9:30 - 16:00 |
1 / 10,000 |
1 US cent |
USD |
58.97 |
16/02/2009 |
| ADRs and
ETFs |
|
US
Depository Receipts and Exchange Traded Funds (ADRs and
ETFs) |
2.95 cents per share |
10 USD |
VARIABLE - please contact Trading Desk for
details |
BBA USD LIBOR Overnight rate at 17:00 New York
time |
09:30 - 16:00 EST |
1 / 25000 |
1 cent |
USD |
28.64 |
16/02/2009 |
| |
For CFD
Stock Indices (cash markets), Individual Equities and FX, a +/- 3%
financing charge will apply. |
|
† Tick Factor = the price increment representing 1 whole
trading unit, by which P&L and both initial and variation margin is
calculated. For non-FX CFDs, the Notional Value of your underlying
transaction is Price * Number of CFDs/Tick Factor.
Commissions
You pay commission at the rates set out above when trading
on individual equity CFDs with IBY Global Markets and calculated as
follows: (applicable commission rate x price bought or sold at) x number
of CFDs.
A minimum commission rate also applies, as set out
above.
Minimum / Maximum Trade Sizes
The values shown are indicative; maximum trade sizes will
vary from share to share, according to underlying liquidity and, in the
case of UK shares, "Normal Market Size".
The market information sheets indicate the usual minimum
and maximum trading sizes in GBP; currency equivalents apply for non-GBP
accounts, or when trading on markets denominated in a currency other than
GBP.
Restrictions may be applied to maximum trade sizes whether
opening or closing.
The minimum number of CFDs (or "trade size") for markets
with International Bank of Yemen is 100 for individual equities, and 1 CFD for all
other markets. The lot size of the corresponding underlying market is
provided for your information, as a guide to minimum market trading
size.
| |
When you
trade CFDs you are always trading the in "base" currency of the
underlying market. E.g. if you trade a US share, you are trading in
US dollars per one cent movement. |
|
Finance Adjustments
All finance adjustments are carried out at on open
positions at or after 10pm London time. For examples on how the rollover
process is applied, please see Examples.
| |
As you hold a position overnight (i.e. after 22:00 UK
time), a finance adjustment is made to your account. This is
calculated as follows:
f = (s x p x r) / d
where
f = daily financing charge
s =
number of CFDs
p = closing price as determined by International
Bank of Yemen(usually this will be the price on close of the
underlying share)
r = relevant interest rate, PLUS 300
basis points for long positions, or MINUS 300 basis points for short
positions, e.g. (4.50% + 3.00%) = 7.50%
d = number of
days, i.e. 365 for UK andAustralian indices and 360 for all others
Long (buy) trade positions are
debited the daily financing charge
Short (sell) positions are
credited the daily financing charge |
|
Dividends
Current rates of dividend adjustments are as follows:
| UK Shares: |
Buy trades are credited with 90% of the gross
dividend
Sell trades are debited 100% of the gross dividend |
|
| US Shares: |
Buy trades are credited with 85% of the gross
dividend
Sell trades are debited with 100% of the gross
dividend |
|
| Australian Shares: |
Buy trades are usually credited with 70% of the gross
dividend
Sell trades are debited with 100% of the gross
dividend |
|
| Euro and other non-UK Shares: |
Buy trades – amounts vary from country to country
Sell
trades are debited with 100% of the gross dividend |
|
Short-Selling
Restrictions may be imposed on short-selling if for
example the underlying stock is subject to a lack of liquidity.
Trading Hours
Times shown are International Bank of Yemen' usual times for
trading a market; these may vary e.g. on market holidays and where
daylight saving applies.
Unless indicated otherwise, times shown are London time.
Our normal dealing hours are from 22:00 Sunday to 22:00 on
Friday.
Spreads
The spreads shown may vary according to underlying market
liquidity or in "fast markets".
|
