Assets and Spreads

* Swap rates may change without prior notice. Swaps are charged daily at 17:00 NY City time. Wednesday swaps are charged in triple size.

The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Parsonexcapital at the end of the day varies substantially from the published amount, Parsonexcapital reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider.

** USDCAD, USDTRY swaps are charged daily at 17:00 NY City time. Thursday swaps are charged in triple size.

* Swap rates may change without prior notice. Swaps are charged daily on market close (in triple size on Fridays).

The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Parsonexcapital at the end of the day varies substantially from the published amount, Parsonexcapital reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider.

Legal disclaimer

The market closure previous to the ex-date for the shares which make up the index, are paid/charged proportionally to the dividends within the index as to whether an account is long/short in an index. The dividends are reflected as a cash adjustment in the trading account as calculated by the relevant calculation agent. Various websites offer free information, or information for a fee, regarding ex-date dates. It is the responsability of the trader to search for this information if they wish to know when to expect said adjustments. By way of example, there is information available on the web about the ex-dividend dates for the shares included in the indexes UK100, NDX or WS30.

In the GDAXI the divendeds are reinvested, therefore dividends are not charged/paid, but rather a tax of 7% is applied. The majority GDAXI dividends take place in May.

In the event of the dividend charge causing the account's available margin to fall below 50%, the relevant stop-outs will be executed. It is the trader's responsibility to maintain the necessary margin level so that there are no stop-outs as a result of dividend charges.

For further information, please refer to Chapter 13 of the Trader Client Agreement.

* Swap rates may change without prior notice. Swaps are charged daily at 17:00 NY City time (in triple size on Wednesdays).

The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Parsonexcapital at the end of the day varies substantially from the published amount, Parsonexcapital reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider.

** Further info on triple swap rates for XTIUSD and XNGUSD available here.

* The annual percentage of the invested capital is calculated using the share price at the time of the swap being charged. % daily value = % annual / 360. Swaps are charged daily at 17:00 New York time. On Friday the swaps are charged in triple size.

The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Parsonexcapital at the end of the day varies substantially from the published amount, Parsonexcapital reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider.

** Availability of selling short can change depending on market conditions without prior notice.

Legal disclaimer

At market closure previous to the ex-date dividends are paid/charged depending on whether the account is long/short on a share. A 15% withholding tax is applied to dividend payments for long positions. The ex-date is the first day that when buying the share there is no right to the dividend. If you sell on that day, then the right to the dividend stays intact.

In the event of the dividend charge causing the account's available margin to fall below 50%, the relevant stop-outs will be executed. It is the trader's responsibility to maintain the necessary margin level so that there are no stop-outs as a result of dividend charges.

When there is a corporate event for a share offered at Parsonexcapital which affects the share certificates, such as splits, mergers, acquisitions etc. Parsonexcapital reserves the right to adjust the trader's account in consequence of such events.

Parsonexcapital reserves the right to stop offering a share without prior notice, mainly due to changes in market conditions or corporate actions. In the case of corporate actions, a client's position may be closed without prior notice.

For further information, please refer to Chapter 13 of the Trader Client Agreement.