Professional Cash Indices

Maintaining Positions

Long positions held overnight will be debited with swaps, calculated based on 3-month interbank rate plus 1.75%. Short positions
held overnight will be credited with swaps, calculated based on 3-month interbank rate minus 1.75%. In case 3-month rate
is less than 1.75%, short positions will be debited the resulting swap calculation.

Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the
constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from
the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into
account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg,
rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The
calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our Cash Indices
page (herein).

Close-out level for Retail client accounts is set at 30%

Please find below the Used Margin thresholds for customers with ActivTrader platform. If the used margin in client’s accounts
exceeds the thresholds set below, the respective coefficient will be applied to the leverage for each of the trading instruments,
for the part of the position exceeding the threshold itself.

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Example:

A client with EUR account and leverage 1:400 has Long position for 340 lots EURUSD. Margin requirement for
this position is 140 000 EUR

• 50 000 EUR for the first 200 lots with 1:400 leverage
• 50 000 EUR for the next 100 lots with 1:200 leverage
• 40 000 EUR for the final 40 lots with 1:100 leverage

The next trade Buy 20 lots EURUSD will consume 30 000 EUR margin

• 10 000 EUR for the first 10 lots – bringing the Used margin to 150 000 EUR
• 20 000 EUR for the next 10 lots – leverage 1:50 (coefficient 0.5 applied to 1:100 leverage)

A client can have positions in different instruments that again bring the used margin above the thresholds specified. A client
with EUR account and leverage 1:400 has Long position for 90 lots Ger30 (at price 11000) and Short position
in GOLD for 100 lots (at price 1380). Total used margin requirement is 140 000 EUR

• 27 500 EUR for Long position for the first 1000 lots in Ger30 at 1:400 leverage
• 55 000 EUR for Long position for the next 1000 lots in Ger30 at 1:200 leverage
• 2700 EUR for Long position for the final 250 lots in Ger30 at 1:100 leverage
• 34 500 USD Short position in GOLD for 100 lots at 1:400 leverage (30 000 EUR at EURUSD = 1.1500)

The next trade Buy 80 lots EURUSD will consume 30 000 EUR margin

• 10 000 EUR for the first 40 lots at leverage 1:400 – bringing the Used margin to 150 000 EUR
• 20 000 EUR for the next 40 lots – leverage 1:200 (coefficient 0.5 applied to 1:400 leverage)

If a client has more than 1 account, the Used margin thresholds are reduced proportionately to the number of accounts. Thus
a client with 2 accounts in EUR will have Used margin EUR threshold for each of the accounts reduced by half. ActivTrader
Platform will display the exact margin requirement for each position that clients intend to open.