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Hi Charlotte,

Regarding FTSE-100 div adjustment - if i close the position on tuesday will a div adjustment still apply ? likewise if I open a position on a Thursday how long it would need to be held to receive adjustment ?

 

Thanks

Julius

 

How do we interpret the 0.11 for FTSE 100?  Is that 0.11 points? (the index is 6295 at the time of writing this)

Could you provide an example calculation, say for a trader with 50 points long position on FTSE 100?

On 02/06/2020 at 21:01, Julius said:

Hi Charlotte,

Regarding FTSE-100 div adjustment - if i close the position on tuesday will a div adjustment still apply ? likewise if I open a position on a Thursday how long it would need to be held to receive adjustment ?

 

Thanks

Julius

 

Thanks for your comment. 

FTSE dividend are adjusted at 16:30 BST. As long as you don't hold the position through that time you will not be subject to the adjustments. 

You could close the position at 16:29, and reopen at 16:31 if you want to avoid the adjustment 

On 03/06/2020 at 11:53, Kiwi_Rob said:

How do we interpret the 0.11 for FTSE 100?  Is that 0.11 points? (the index is 6295 at the time of writing this)

Could you provide an example calculation, say for a trader with 50 points long position on FTSE 100?

Thanks for your comment.

It's simply your size x 0.11.

On a spread betting account is you were trading £2 per point it would be (£2 x 0.11 so £0.22)

With CFD, the contract size (for a normal contract) is £10. If you were holding 2 contracts it would be 2 x £10 x 0.11 = £2.20.