[Dividend Adjustments 22nd Jan 2024 - 29th Jan 2024]

16 minutes ago, MWB said:

Would it be possible to update these entries with actual results, versus the expected you initially post?

Hi @MWB,

No, as these are projected dividends which are likely to change. We post them weekly, with Friday being the date of posting for the next coming week.

Thanks,

KoketsoIG

[Dividend Adjustments 27th Nov - 04th Dec 2023]

17 hours ago, 1Richard1 said:

Can you explaining the US Dividend withholding tax is applied to any Index CFD dividend adjustments?

Hi @1Richard1,

Welcome to the IG community!

Please note that your question is not really clear, but the US Internal Revenue Service ('IRS') has issued regulations under Section 871(m) of the US tax code to ensure that non-US holders of US equity derivatives - including spread betting and CFDs - are taxed on dividend adjustments in the same way as non-US holders of the real US dividends.

IG has an obligation under this US tax regulation to obtain documentation from our clients that hold CFDs and spread betting instruments that reference US equities.

Thanks,

KoketsoIG

[Dividend Adjustments 4th Sep 2023 - 11th Sep 2023]

51 minutes ago, eileen said:

The dividend ajustments posted here do not seem to coincide with the ajustments on the platform last week.. Notably the asx200 which in the past ajustments would be applied at the close at 4pm est. Any comments as to why this is happening????  like the 23 points on coming wednesday ? Is this reliable? thanks coufused by this,

Hi @eileen,

Thank you for your post, we understand your concern.

Please note that all dividend adjustments, including the ones from the platform are projected and are subject to change.

However, please note the the adjustments posted above for the week beginning on Monday 4th September can be regarded as reliable estimates.

All the best,

KoketsoIG

[Counting the Cost: How Many Days Interest on Forex Open Positions- Sep 2023]

27 minutes ago, POC said:

Hello, i have 2 questions about this:

1) in terms of the practicalites, does this mean that if i had a position in AUDCAD opened at 9am on 6 Sept and closed at 9pm that day, i would incur no interest rate costs, whereas: if i closed it at 11pm on the same day i would had a 3 day interest rate charge?

2) why do you charge interest in this lumpy way rather than spreading the weekly cost uniformly across the 5 trading days?

Thanks 

 

Hi @POC,

Thank you for your questions.

1. Yes, 

Please note that forex settles on a T+2 basis, therefore, positions held through 10PM (UK time) on the 6th of Sept (a Wednesday) would will incur three days’ worth of funding to cover the settlement of trades over the weekend. A position that is held through Wednesday 10PM (UK time) it's effectively being held through the weekend as positions can't be settled until after Friday 10PM (UK time).

2. This is because of interest rate differentials between the two currencies in a pair, which are constantly changing.

All the best,

KoketsoIG