Phillip CFD - Contracts For Difference

US Tech 100 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
What is World Indices CFD? Contract Details \| Order Types Example of Long Trade \| Example of Short Trade

Be part of the action, by tracking the performance of the top non-financial counters on NASDAQ. many investors may not be familiar with the fundamentals of the company or have enough confidence to buy or short well the stock without greater understanding, but 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 Tech 100 Index CFD is a special 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 Tech 100 Index CFD by going long or short respectively. And with a leverage of 20 times, use the US Tech 100 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 Tech 100 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 3 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 $2.00 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 Tech 100 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 Tech 100 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 Tech 100 Cash Index CFD and buys 5 contracts worth US$8,385.50 at a price of 1,677.1.
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 1,721.3.

	CFD Bid	CFD Ask	CFD Closing Price
Day 1	1,674.1	1,677.1	1,675.6
Day 2	-	-	1,705.2
Day 3	-	-	1,710.4
Day 4	1,721.3	1,724.3	-

Original Investment	US$419.28
Opening Contract of 1 Lot (Day 1)	(US$8,385.50)
Opening Commission (incl GST)	(US$26.75)
Financing Charges	(US$3.49)
Closing Contract Value (Day 4)	US$8,606.50
Closing Commission (incl GST)	(US$26.75)
Net Gain / Loss	US$164.01
Return on Equity = (Net Gain/Original Investment)	39.12%

Scenario 2:
Positions are closed 4 days later at a lower value. The client sells his position at a price of 1,632.9.

	CFD Bid	CFD Ask	CFD Closing Price
Day 1	1,674.1	1,677.1	1,675.6
Day 2	-	-	1,662.1
Day 3	-	-	1,647.8
Day 4	1,632.9	1,635.9	-

Original Investment	US$419.28
Opening Contract of 1 Lot (Day 1)	(US$8,385.50)
Opening Commission (incl GST)	(US$26.75)
Financing Charges	(US$3.42)
Closing Contract Value (Day 4)	US$8,164.50
Closing Commission (incl GST)	(US$26.75)
Net Gain / Loss	(US$277.92)
Return on Equity = (Net Gain/Original Investment)	(66.29%)

Example of Short Trade

A client is bearish on US Tech 100 Cash Index and short sells 5 contracts worth US$8,760.50 at a price of 1,752.1.
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 1,707.1.

	CFD Bid	CFD Ask	CFD Closing Price
Day 1	1,752.1	1,755.1	1,753.6
Day 2	-	-	1,746.7
Day 3	-	-	1,722.4
Day 4	1,698.1	1,701.1	-

Original Investment	US$438.03
Opening Contract of 1 Lot (Day 1)	US$8,760.50
Opening Commission (incl GST)	(US$26.75)
Financing Charges	(US$2.86)
Closing Contract Value (Day 4)	(US$8,535.50)
Closing Commission (incl GST)	(US$26.75)
Net Gain / Loss	US$168.64
Return on Equity = (Net Gain/Original Investment)	38.50%

Scenario 2:
Positions are closed 4 days later at a higher value. The client buys back his position at a price of 1,797.1.

	CFD Bid	CFD Ask	CFD Closing Price
Day 1	1,752.1	1,755.1	1,753.6
Day 2	-	-	1,772.4
Day 3	-	-	1,783.5
Day 4	1,194.1	1,797.1	-

Original Investment	US$438.03
Opening Contract of 1 Lot (Day 1)	US$8,760.50
Opening Commission (incl GST)	(US$26.75)
Financing Charges	(US$2.91)
Closing Contract Value (Day 4)	(US$8,985.50)
Closing Commission (incl GST)	(US$26.75)
Net Gain / Loss	(US$281.41)
Return on Equity = (Net Gain/Original Investment)	(64.24%)

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