Shares

* The payment of dividends on a stock can affect the costs of your Share CFD position. For example, when a company pays out dividends on a stock, its value will reduce. So, if you have a Sell position on the stock, that’s good for you; but if you have a Buy position, the opposite is true.
To mitigate the sudden price movements of a dividend payout, dividend adjustments are applied to our Share CFD. Buy positions are credited a dividend adjustment, whereas Sell positions are debited the adjustment.

Example: An ex-dividend date of 3^rd March would mean that all positions held at the end of 2^nd March would be subject to a dividend adjustment. If you want to avoid the payment of dividends, we recommend that you close your position before the adjustment is applied.
The dividends on Buy positions may be smaller than those on Sell positions.
The sum of the dividends may be reduced by our interest rate and/or our liquidity provider’s interest rate.

** Split. Clients with open positions will have their positions automatically closed.
All pending entry orders and stop/limit orders that are associated with these instruments will be cancelled. Clients will need to re-establish new entry orders if desired or to reinsert stop and limit orders.