US SP 500 Index CFD

Indices

• Straits Times Index CFD
• Hong Kong 40 Index CFD
• Japan 225 Index CFD
• Wall Street Index CFD
• US SP 500 Index CFD
• US Tech 100 Index CFD

Participate in the world’s large and vibrant capital market, NYSE, by trading in an index that tracks the companies with the largest market capitalisation in US market. You've heard the big names like Google & Citigroup, but you may not be familiar with the fundamentals of the company or have enough confidence to buy or short well the stock without greater understanding. That does not mean they have to lose out on the opportunities that the volatility of the US market can bring. If you are looking for such opportunities but are unfamiliar with individual US companies to pick the right stocks to trade in, we have the trading instrument just for you.

The US SP 500 Index CFD is a form of Contracts for Difference (CFD) that allows clients to trade the underlying index, although the prices may differ from the actual index levels. It tracks the level of the index and, thus, provides clients a cost-effective way to diversify their portfolio. Take a bullish or bearish view with the US SP 500 Index CFD by going long or short respectively. And with a leverage of 20 times, use the US SP 500 Index CFD to make your money work harder for you.

Contract Details

CFD (Index)	Commission * Rates subjected to changes. GST on Commission	* Finance Charges * Based on 100% mark-to-market contract value * Rates subjected to changes	Contract Details	Current Promotion (s)
US SP 500 Cash Index CFD	US$5 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 5% Min Trade Size: 5 Target Spread:1 0.4 / 0.6 pts Value of 1 Index Point: US$1 Contract Size: US$1 x Price of Index Trading Hours (SGT): 7:00 am - 4:00 am (DS) or 7:00 am - 5:00 am (Non-DS)	From 1 Apr to 30 Jun 2010, Commission i) US $1.50 per side / lot (Subject to minimum of 5 lots per trade)
				From 1 Apr - 31 Dec 2010, All Trades ii) Waiver of rollover commission for this index

¹ Please refer to World Indices Infosheet for more information.
(DS) / (Non-DS): Refers to Daylight-Saving and non-Daylight Saving Times respectively for the US timezones.

To view more trading promotions, visit our Global Rates & Promotions page

US SP 500 Cash Index CFD is traded and settled in USD. There will be NO auto-conversion for USD should there be any margin deficit in these currencies. Should there be any margin deficit in the respective ledger, clients should submit conversion request to avoid incurring margin debit interest.

Order Types

• Market Order
• Limit Order
• Stop Order

Protect your profits and minimise your losses with the use of order types such as limit, market and stop orders. Have more control over your US SP 500 Cash Index CFD order submission with the ability to indicate the order type you desire instead of being determined by the system based on price submitted on POEMS and CFDTrader.

Example of Long Trade

A client is bullish on US SP 500 Cash Index CFD and buys 5 contracts worth US$8,603.50 at a price of 1,720.7.
The value of 1 index point is US$1.

Scenario 1:
Positions are closed 4 days later at a higher value. The client sells his position at a price of 1,757.6.

Scenario 2:
Positions are closed 4 days later at a lower value. The client sells his position at a price of 1,693.4.

Example of Short Trade

A client is bearish on US SP 500 Cash Index CFD and short sells 5 contracts worth US$5,396.50 at a price of 1,079.3.
The value of 1 index point is US$1.

Scenario 1:
Positions are closed 4 days later at a lower value. The client buys back his position at a price of 1,052.1.

Scenario 2:
Positions are closed 4 days later at a higher value. The client buys back his position at a price of 1,106.5.

Index CFD is a highly leveraged trading instrument, and you can lose more than what you put in.