BONDS
Underlying Exchange: The exchange where ProSpreads directly references its spread bet prices from ProSpreads prices will move one for one with a move in the underlying product.
Code: The Underlying product code.
Underlying product: The name of the underlying product which our spread bet prices are referenced from.
Minimum Price Movement: The value of the minimum price movement per contract. For example: FTSE 100 has a minimum stake size of £10/point and has a minimum price movement of 1/2 point = £5
Whole Point Move: The value of a whole point move. In other words the minimum stake size.
Initial Margin: This is the amount of margin you will need to lodge with ProSpreads to trade the minimum stake bet per contract. Additional leverage is offered for intra-day trading, where no overnight positions are carried. For information on overnight trading, contact our dealers on +44(0)20 7183 0431 or at dealers@prospreads.com
0-200 Spread: This is the fixed spread charge that is added to the underlying market spread to produce the ProSpreads spread bet price. For the first 200 lots (where 1 lot = minimum stake size) traded in any one month, across all products).
200 + Spread: This is the fixed spread charge that is added to the underlying market spread to produce the ProSpreads spread bet price. For volume over 200 lots per month.
* Trading Hours: The hours which the ProSpreads office is open to trade. Trading is available outside of the ProSpreads office hours (0630-2115) by prior arrangement. Contact our dealers for more information. +44(0)20 7183 0431 or at dealers@prospreads.com
Trading is only available during market hours for the underlying exchanges which do vary. Please click on the links for more details:
CME, CBOT & NYMEX: www.cmegroup.com
LIFFE: www.euronext.com/landing/liffeLanding-12601-EN.html
ICE: www.theice.com
EUREX: www.eurexchange.com
** Minimum Bet Size: Based on the minimum price movement of the underlying contract.
For example: 1 lot in the FTSE 100 spread bet will create a profit/loss of £10 for each point of movement; however, the minimum movement of the underlying contract is 0.5 points and therefore the minimum bet size is calculated as £5.
Margin Information: Intra-day margins are half initial or overnight margin requirement. Each day, 15 minutes before the close of ProSpreads trading sessions, margin requirements will be deemed to be overnight.
Margin on spreads will be treated as half the margin requirement of the equivalent outright.
Intra market spreads will be margined on the higher outright side.
Cross market spreads will be margined as individual outrights.
No interest will be applied to credit balances. However, charges will be applied to deficit amounts at 4% above overnight deposit rates. Interest will be calculated and charged at the end of each month. Foreign exchange facilities are available.
