Dividends on CFDs

When you trade stocks or indices with us and a dividend is payable on the underlying asset, the following scenarios may occur:

1. Long Positions:
   • If you hold long positions on the applicable stock and/or spot index at the ex-dividend (ex-div) date, you will receive a dividend (minus withholding tax) in the form of a cash adjustment (deposit) into your Trading Account.
2. Short Positions:
   • If you hold short positions on the applicable stock and/or spot index at the ex-div date, you will be charged the dividend amount in the form of a cash adjustment (withdrawal) deducted from your Trading Account.

Dividends are added or subtracted from your trading account at the end of the trading session of each asset class on the ex-dividend date.

Definitions:

• Ex-div date: The date a stock starts trading without the value of its next dividend payment. Typically, the ex-dividend date is one business day before the record date. If you buy the stock on or after this date, you will not receive the declared dividend. Instead, the dividend payment is made to whoever owned the stock the day before the ex-dividend date.
• Withholding tax: A levy deducted from dividends in most underlying markets. The deduction varies depending on the market but is often reduced to 15%