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DFB expiry for spreadbetting

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I understand that DFBs will expire on 1 April 2016 for positions opened before 29 August 2015.

So, what would happen to those DFBs when they expire on 1 April 2016?

 

Would there be a rollover, and a new DFB will be opened?

And, would there be a charge/cost/spread to carry out the rollover?

 

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Hi Jack. As you said correctly, any DFBs opened prior to 29 August 2015 are due to expire on 1 April 2016. When they expire the positions will be closed and won't be affected by any automatic rollover instructions you may have set up on your account. Therefore, if you'd like the positions to be rolled over into a new DFB you would need to call us to speak to a dealer who can manually roll over your positions. This will be done with no additional charges, so your position(s) will simply be closed and reopened at the same price. The new DFBs will have an expiry of 6 April 2029. 

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My positions on seemed to have been automatically closed With "DFB" I think. Can you explain why as I thought there was no expirery date for FTSE100 and can you roll these positions forward and have them reopened at the new DFB which expires 2029?

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Hi , thanks for the post!

 

So we can take a look at your account and answer your question, please could you either call the helpdesk whenever is convenient for you (0207 896 0079), or email your details to helpdesk.uk@ig.com?

 

We look forward to hearing from you!

 

Thanks,

Hannah

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