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| Our Corporation has two types of Securities CFD trading accounts for clients to choose from according to their investment targets, namely Internet Trading and Telephone Trading(Premier Accounts). Please feel free to contact our Corporation's Customer Support Department if you require any further information regarding these. |
| [ Regarding Trading Time ] |
| |
Internet Trading & Telephone Trading A/c |
| Trading Time |
| Trading Products |
Trading Time |
| DJ |
US NY30 Stock Futures |
Mon ～ Sat 08:00 ～06:15
（Rest Time 23:15-23:35 & 06:15-08:00） |
| SP |
US SPX500 Stock Futures |
Mon ～ Sat 08:00 ～06:15
（Rest Time 23:15-23:35 & 06:15-08:00） |
| ND |
US Growth Enterprise 100 Stock Futures |
Mon ～ Sat 08:00 ～06:15
（Rest Time 23:15-23:35 & 06:15-08:00） |
| HS |
Hong Kong 42 Stock Futures |
Mon ～ Fri 10:15 ～ 17:15
（Rest Time 13:00-14:30） |
| NK |
Nikkei 225 Stock Futures |
Mon ～ Fri 08:45 ～ 15:24 |
| FT |
UK 100 Stock Futures |
Mon ～ Fri 17:00 ～ 02:30 |
|
| Summer Time |
| Trading Products |
Trading Time |
| DJ |
US NY30 Stock Futures |
Mon ～ Sat 07:00 ～05:15
（Rest Time 22:15-22:35 & 05:15-07:00） |
| SP |
US SPX500 Stock Futures |
Mon ～ Sat 07:00 ～05:15
（Rest Time 22:15-22:35 & 05:15-07:00） |
| ND |
US Growth Enterprise 100 Stock Futures |
Mon ～ Sat 07:00 ～05:15
（Rest Time 22:15-22:35 & 05:15-07:00） |
| HS |
Hong Kong 42 Stock Futures |
Mon ～ Fri 10:15 ～ 17:15
（Rest Time 13:00-14:30） |
| NK |
Nikkei 225 Stock Futures |
Mon ～ Fri 08:45 ～ 15:24 |
| FT |
UK 100 Stock Futures |
Mon ～ Fri 16:00 ～ 01:30 |
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| Trading Hours |
Trading Time, excluding system maintenance time |
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| * Business Time and Summer Time may vary subject to the prevailing business time of different markets. |
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| [ Regarding Trading (Internet Trading A/c)] |
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Internet Trading A/c |
| Contract Month |
| Trading Products |
Contract Month |
| DJ |
US NY30 Stock Futures |
Contract month CFD（Months 3,6,9,12） |
| SP |
US SPX500 Stock Futures |
Contract month CFD（Months 3,6,9,12） |
| ND |
US Growth Enterprise 100 Stock Futures |
Contract month CFD（Months 3,6,9,12） |
| HS |
Hong Kong 42 Stock Futures |
Contract month CFD（Every month） |
| NK |
Nikkei 225 Stock Futures |
Contract month CFD（Months 3,6,9,12） |
| FT |
UK 100 Stock Futures |
Contract month CFD（Months 3,6,9,12） |
|
| Price Difference |
| Trading Products |
Price Difference |
| DJ |
US NY30 Stock Futures |
5 pt (5 ticks) |
| SP |
US SPX500 Stock Futures |
0.5 pt (2 ticks) |
| ND |
US Growth Enterprise 100 Stock Futures |
1 pt (4 ticks) |
| HS |
Hong Kong 42 Stock Futures |
10 pt (10 ticks) |
| NK |
Nikkei 225 Stock Futures |
10 pt (2 ticks) |
| FT |
UK 100 Stock Futures |
3 pt (6 ticks) |
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| The Smallest Trading Unit |
| Trading Products |
The Smallest Trading Unit(1 lot) |
| DJ |
US NY30 Stock Futures |
USD1× Index |
| SP |
US SPX500 Stock Futures |
USD5× Index |
| ND |
US Growth Enterprise 100 Stock Futures |
USD10× Index |
| HS |
Hong Kong 42 Stock Futures |
USD1× Index |
| NK |
Nikkei 225 Stock Futures |
USD1× Index |
| FT |
UK 100 Stock Futures |
USD2× Index |
|
| Outcry Price |
| Trading Products |
Outcry (tick) |
| DJ |
US NY30 Stock Futures |
1 pt |
| SP |
US SPX500 Stock Futures |
0.25 pt |
| ND |
US Growth Enterprise 100 Stock Futures |
0.25 pt |
| HS |
Hong Kong 42 Stock Futures |
1 pt |
| NK |
Nikkei 225 Stock Futures |
5 pt |
| FT |
UK 100 Stock Futures |
0.5 pt |
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| Margin Required(1) |
According to the prior Market Close price as criteria, calculate to arrive at 10% of the actual trading amount as the necessary margin for difference business days. However, our company reserves the right to vary the amount of necessary margin in accordance with actual market conditions.（2011/6/21 Present） |
| Margin Required(2) |
| Trading Products |
Margin Required |
| DJ |
US NY30 Stock Futures |
96,372 yen |
| SP |
US SPX500 Stock Futures |
51,089 yen |
| ND |
US Growth Enterprise 100 Stock Futures |
176,510 yen |
| HS |
Hong Kong 42 Stock Futures |
173,493 yen |
| NK |
Nikkei 225 Stock Futures |
75,034 yen |
| FT |
UK 100 Stock Futures |
91,028 yen |
|
| Commission |
0 yen
※When clients choose to utilize telephone trading, an additional 1K yen will be charged on each lot trading. |
| Interest |
Nil |
| Settlement Methods |
Settlement is executed by means of opposite position trading. If any open position has not been liquidated on final settlement time limit, it will be settled at the price of the final settlement, calculating profits/losses. |
| Settlement Time Limit |
CFD Futures trading is following the actual Trading Markets’ Futures time limit, therefore have final settlement time limit. |
| Gains/Losses Calculation |
Profits/Losses calculation uses real- time USD/JPY exchange rate. |
| Warning Notice |
When the amount of effective margin falls below the necessary margin by 100%, 80% and 65%, our company will advise through e-mail. |
| Forced Settlement |
（Automatic Settlement A）
When the amount of effective margin is less than 50% of the necessary margin, our company, in order to prevent losses to expand, has the right, without the consent of the clients, to settle the open positions automatically on the sequence of new to earlier orders (not taken into consideration of the kind), until effective margin returns to 50% or more of the necessary margin.
(Automatic Settlement B）
On the market close of each trading day, if the amount of effective margin of clients’ trading A/c is less than 10% of the actual trading amount of all the orders, our company, following the relevant regulations of Inner Cabinet???, in order to prevent losses from expanding, has the right, without the consent of clients, to settle the open positions automatically on the sequence of new to earlier orders (not taken into consideration of the kind) until the effective margin returns to 10% or more of the market value of all the orders.
※If (Automatic Settlement A) comes into effect, the amount of margin may have the possibility of less than 50% of the necessary margin.
※Although our company has already set up an automatic settlement system, it is still possible that losses may exceed investment capital in the event of abrupt price fluctuation. |
| Trust Custody |
Our company has deposited clients’ money into SMBC’s Segregated Trust A/c for custody. In Japan, the number of CFD trading companies using Segregated Trust A/c is only a handful few, that is the reason why clients have more peace of mind trading in our company. |
| Margin In/Out Handling Fees |
Margin-in handling fees are borne by clients; once a month margin-out handling fees to be paid by our company. |
| Margin-in/out Particulars |
When clients deposit/transfer money into our bank A/c, our company will confirm such deposit/transfer as soon as possible. Due to the time needed for each bank transfer differs, please note that a transfer may have to delay to the next day. Moreover, margin-in/out handling fees will have to be borne by clients.
Clients are earnestly requested to use their own names to execute bank transfer. If an abbreviation or alias is used when making any transfer, it is very likely that confirmation of such a transfer may not be possible.
When our company receive clients’ verbal or written request for margin-out before 1.00pm, we will have the requested amount transferred to the relevant clients’ accounts within four business days. If a request is received after 1.00pm, margin-out time may have to push back one day.
Once a month margin-out handling fees will be borne by our company. However, in the case of overseas transfer, all necessary handling fees will have to be paid by clients.
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| Regarding the Question of CFD Trading Tax |
Profits/losses gained/incurred by way of CFD trading is classified as Miscellaneous Income, and is subject to Integrated Tax Returns. In a calendar year (January 1 to December 31), if profits are generated from CFD trading, the gains after deducting the necessary costs will be liable to tax returns and payment.
If a client’s salary/income is less than 2000M yen in the year in question, a CFD trading profit of 200K yen will not have to file a tax return for that amount. Miscellaneous Income cannot be calculated together with the other income and the losses incurred in CFD trading this year cannot be deducted from next year’s Miscellaneous Income. For more detailed particulars, please refer to the Home Page of State Tax Department website.
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| [ Regarding Trading ] |
| |
Telephone Trading A/c |
| Price Difference |
| Trading Products |
Price Difference |
| DJ |
US NY30 Stock Futures |
10 pt (10 ticks) |
| SP |
US SPX500 Stock Futures |
1.5 pt (6 ticks) |
| ND |
US Growth Enterprise 100 Stock Futures |
2.5 pt (10 ticks) |
| HS |
Hong Kong 42 Stock Futures |
20 pt (20 ticks) |
| NK |
Nikkei 225 Stock Futures |
25 pt (5 ticks) |
| FT |
UK 100 Stock Futures |
7.5 pt (15 ticks) |
|
| The Smallest Trading Unit |
| Trading Products |
The Smallest Trading Unit(1 lot) |
| DJ |
US NY30 Stock Futures |
USD5× Index |
| SP |
US SPX500 Stock Futures |
USD25× Index |
| ND |
US Growth Enterprise 100 Stock Futures |
USD50× Index |
| HS |
Hong Kong 42 Stock Futures |
USD4× Index |
| NK |
Nikkei 225 Stock Futures |
USD3× Index |
| FT |
UK 100 Stock Futures |
USD8× Index |
|
| Margin Required(1) |
According to the prior Market Close price as criteria, calculate to arrive at 10% of the actual trading amount as the necessary margin for difference business days. However, our company reserves the right to vary the amount of necessary margin in accordance with actual market conditions.（2011/6/21 Present） |
| Margin Required(2) |
| Trading Products |
Margin Required |
| DJ |
US NY30 Stock Futures |
481,861 yen |
| SP |
US SPX500 Stock Futures |
255,446 yen |
| ND |
US Growth Enterprise 100 Stock Futures |
882,549 yen |
| HS |
Hong Kong 42 Stock Futures |
693,970 yen |
| NK |
Nikkei 225 Stock Futures |
225,101 yen |
| FT |
UK 100 Stock Futures |
364,110 yen |
|
| Commission |
One way 6000 yen（sales tax incl.），Round trip 12,000 yen. Trading fees are levied separately on ‘New Orders’ and ‘Settlement. |
| Forced Settlement |
（Automatic Settlement A）
When the amount of effective margin is less than 50% of the necessary margin, our company, in order to prevent losses to expand, has the right, without the consent of the clients, to settle the open positions automatically on the sequence of new to earlier orders (not taken into consideration of the kind), until effective margin returns to 50% or more of the necessary margin.
(Automatic Settlement B）
On the market close of each trading day, if the amount of effective margin of clients’ trading A/c is less than 10% of the actual trading amount of all the orders, our company, following the relevant regulations of Inner Cabinet???, in order to prevent losses from expanding, has the right, without the consent of clients, to settle the open positions automatically on the sequence of new to earlier orders (not taken into consideration of the kind) until the effective margin returns to 10% or more of the market value of all the orders. |
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