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Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (10th – 16th of May) and Applicable Leverages (16th – 20th of May) Announcement - Zeal Capital Market

CFD Expiration Date

Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (10th – 16th of May) and Applicable Leverages (16th – 20th of May) Announcement

Please be advised that when trading shares and spot stock indices using contracts for difference (CFDs), when a listed company or a listed company (component) of an underlying stock index pays dividend to its shareholders, the value of the corresponding position held in the client’s trading account will be affected after the closing of the market (trading platform / server time). Determined by whether the client’s position is long or short, the trading account will incur a net of tax dividend adjustment, which may be a payment or a charge. (Please note that stock indices futures CFDs do not participate in dividend adjustment. The composition of each Standard Lot referred here may vary significantly from one trading product to another, please refer to Product Guide for details.)

The projected impact of any dividend issued by a component on a stock index is weighted and calculated, and such figures are published and updated on our official website.

Dividend payment received when holding a long position:

Dividend Payment = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot Currency Multiplier

Dividend charge deducted when holding a short position:

Dividend Charge = Component Dividend (weighted, per stock index contract) × Position Size in Standard Lot × Contract Size per Standard Lot Currency Multiplier

Please find stock indices dividend figures below for this week:

Symbol 10th May 11th May 12th May 13th May 16th May Dividend Payout Time
(GMT+1)
GER40
FRA40 5.464 1.039 5.924 21:55
US30 8.93 12.786 21:55
NAS100 0.128 0.308 1.743 0.383 1.168 21:55
SPX500 0.014 0.195 1.408 0.417 0.229 21:55
ChinaA50
HK50 0.967 1.329 0.851 19:45
AUS200 11.525 0.046 4.335 21:55
SPAIN35 1.246 2.16 18:55
UK100 3.206 21:55
EURO50 1.681 3.473 2.625 1.834 21:55
JAPAN225

For Share CFDs

Dividend payment received when holding a long position:

Dividend Payment = Individual Stock Dividend (per share) × Position Size in Standard Lot × Contract Size per Standard Lot

Dividend charge deducted when holding a short position:

Dividend Charge = Individual Stock Dividend (per share) × Position Size in Standard Lot × Contract Size per Standard Lot

Please find stock dividend figures below for this week:

Symbol 10th May 11th May 12th May 13th May 16th May Dividend Payout Time
(GMT+1)
SBUX 0.49 21:00
V 0.375 21:00

(Please note that the above information is indicative only, and may be subject to change Dividend payout of an individual stock normally takes place after the close of its last trading session prior to the announced ex-dividend date shown above.)

(Please also note that 2 trading days prior to earnings announcements we’ll amend our leverages across the specific companies’ share CFDs to a maximum of 1:5, reverting to a maximum 1:10 after report publishing. Please ensure that you have sufficient margin required to maintain your open positions during the above mentioned period.)

The amendment of US Share CFDs’ applicable leverages is scheduled as follows (16th – 20th of May):

Earnings Announcement Date Symbol Leverage Amendment Time (GMT+1) Amended Leverage Resumed Leverage Time (GMT+1) Resumed Leverage
18th May BIDU 16th May, 21:00 1:5 18th May, 21:00 1:10
18th May CSCO 16th May, 21:00 1:5 18th May, 21:00 1:10
19th May JD 17th May, 21:00 1:5 19th May, 21:00 1:10