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Imminent margin changes to FX positions


AndaIG

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The situation in Ukraine and its global ramifications are fluid and fast-changing. We’re continuously monitoring developments in financial markets and shifting legal and regulatory obligations worldwide.

In light of this, we’ve decided it’s appropriate to increase our margin rates on existing spread bet and CFD positions on all currency pairs which include the Russian ruble. This includes all positions in USD/RUB, EUR/RUB and RUB/JPY.

Margin rates on these positions will change to 100% on Tuesday 1 March 2022 at 3pm (GMT).

Please note that positions in your account will be closed if there are insufficient funds available at this time and your position in RUB remains open. No new positions can currently be opened on these products.

We’d like to remind you that increased volatility can amplify the risk of rapid or large losses. As the situation continues to develop, IG may take further steps in relation to products with direct or indirect exposure to Russia. Please be advised that this could include us having to close client positions in currency pairs including RUB with limited or no notice.

We may also limit positions or increase margin rates on other products. As always, we’ll aim to give you as much notice as possible, though we acknowledge that due to the circumstances, this may happen in a shorter time frame than usual.

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