XD E A L U S E R G U ID E
3.12ii Expiration of trades
4.
Margin requirement (IMR)
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Delta Index offer certain future CFDs which have a fixed expiry. Expiry dates for expiry CFDs can be found by clicking on the “i” button on the trading platform. If your trade is still open on that date of expiry then it will be automatically closed out by us unless instructed otherwise. It is possible to extend your position by ‘rolling over’. Within a month of expiry Delta Index will post a price for the next calendar contract. You may then roll your position on to the new contract. Rolling over involves closing out of the existing over position at the mid market price and opening the same position on the new contract as normal. Therefore only half the spread is charged on a rollover. A rollover can be done over the phone with Delta Index or online by selecting the open positions tab and clicking on the rollover button on to the right of your open position.
Remember, you can rollover as many times as you like.
D E LT A IN D E X
Margin is required in the account before any trade can be made. This money is collateral to cover any potential losses which may be incurred. A client must maintain at least this amount in his/her account to keep a position open. Margin requirements vary across and within each instrument type and are based on the volatility of the underlying asset. These are reviewed regularly and are subject to change. The amount of margin required on deposit varies depending on the financial instrument. Typically, the requirement for shares is 10% 25% of the total value of the position. Multiply the mid-price by the % margin required (IMR) and multiply this by the quantity of CFDs you traded to work out how much you need in your account to make the trade. Each instrument has an individual margin requirement which can be viewed by clicking on the ‘ ’ button. This will pop up a new window with the individual market details.