CFDContract For Difference

Outline of Securities CFD trades

Outline of Securities CFD trades

Product specifications

Available products

NY30 Stock Futures, SPX500 Stock Futures, Emerging100 Stock Futures, Hong Kong 42 Stock Futures, Nikkei225 Stock Futures, UK100 Stock Futures (6 types)

Underlying Markets and Contract Month

Available products Underlying Markets Contract month
NY30 Stock Futures (DJ) CBOT Contract CFD (Mar, Jun, Sep, Dec)
SPX500 Stock Futures (SP) CME Contract CFD (Mar, Jun, Sep, Dec)
Emerging100StockFutures (ND) CME Contract CFD (Mar, Jun, Sep, Dec)
Hong Kong 42 Stock Futures (HS) HKFE Contract CFD (Monthly)
Nikkei225 Stock Futures (NK) SGX Contract CFD (Mar, Jun, Sep, Dec)
UK100 Stock Futures (FT) LIFFE Contract CFD (Mar, Jun, Sep, Dec)

Spread

Available products Spread
Internet Trading
NY30 Stock Futures (DJ) 5 points (5ticks)
SPX500 Stock Futures (SP) 0.5 points (2ticks)
Emerging100StockFutures (ND) 1 points (4ticks)
Hong Kong 42 Stock Futures (HS) 10 points (10ticks)
Nikkei225 Stock Futures (NK) 10 points (2ticks)
UK100 Stock Futures (FT) 3 points (6ticks)

There may be cases where trades are stopped by the government or the exchange due to natural disasters, wars, terrorism and changes in political and financial conditions.
There may be cases where the bid and offer widen due to contract month change and low liquidity making intended trades impossible.

Minimum trading unit

Available products Minimum trading unit(1lot)
Internet Trading
NY30 Stock Futures (DJ) USD 1 × Index
SPX500 Stock Futures (SP) USD 5 × Index
Emerging100StockFutures (ND) USD 10 × Index
Hong Kong 42 Stock Futures (HS) USD 1 × Index
Nikkei225 Stock Futures (NK) USD 1 × Index
UK100 Stock Futures (FT) USD 2 × Index

Quotation

Available products Quotation(tick)
NY30 Stock Futures (DJ) 1 point
SPX500 Stock Futures (SP) 0.25 point
Emerging100StockFutures (ND) 0.25 point
Hong Kong 42 Stock Futures (HS) 1 point
Nikkei225 Stock Futures (NK) 5 point
UK100 Stock Futures (FT) 0.5 point

Required margin

Margin is 10% of the notional amount calculated from the closing prices of the underlying assets on the previous day.
But we reserve the right to change the required margin when we judge it is necessary. The change date would be announced each time it happens.
It changes according to the price of the products and leverage etc.
(As of Aug 17th 2018)

Available products contract month Required margin
NY30 Stock Futures (DJ) Sep 283,790YEN
SPX500 Stock Futures (SP) Sep 157,741YEN
Emerging100StockFutures (ND) Sep 819,505YEN
Hong Kong 42 Stock Futures (HS) Aug 299,836YEN
Nikkei225 Stock Futures (NK) Sep 246,952YEN
UK100 Stock Futures (FT) Sep 167,189YEN

Commission fees

Fee

But please be aware that telephone ordering fee of 1,000 yen per one lot would be charged for trades by phones.

Order methods

  • Market Order
  • Limit Order
    • It needs to be more than 10 ticks away from the current price.
  • Stop Loss Order
    • It needs to be more than 10 ticks away from the current price.
  • One Cancel the Other
    • It needs to be more than 10 ticks away from the current price and the two orders need to be more than 20 ticks from each other.
  • IF - DONE Order IF - DONE OCO Order
    • It needs to be more than 10 ticks away from the current price and the two orders need to be more than 20 ticks from each other.

※Limit away from the current price may rise depending on the market conditions.

Time limit for orders

  Monday to Friday (Daily) Friday (Daily, GTF)
Normal time Effective until 7 AM next day Effective until 6:15 AM Saturday
Summer Time Effective until 6 AM next day Effective until 5:15 AM Saturday

Maximum lot for a single order

Up to 1000 lot per order

Interest (Daily)

None

Settlement Method

Method to settle by closing trade.Or settle by compulsory closing trade at settling price on the last trading day.
※New position cannot be made on the last trading day.

Settlement Deadline

Trading products are listed on the exchanges and the last trading day is set for each product.

Profit and Loss

Profit and loss is converted into Yen at USD/JPY spot rate.

Alert notification

Notification by mail will be sent when the effective margin falls below 100%, 80% and 65% of the required margin.

Loss Cut Rule

(Loss cut rule A) All or a part of the position will be automatically settled when the effective margin falls below 50% of the required margin to avoid further losses until the effective margin recovers to above 50% of the required margin.

(Loss cut rule B) All or a part of the position will be automatically settled when the effective margin falls below 10% of the notional principal calculated according to the law until the effective margin recovers to above 10% of the notional principal.

※Loss cut rule A does not guarantee 50% of the required margin.

※When loss cut rule A is applied, the final loss can exceed margin due to abrupt price changes etc.

※Transaction fees are required too for automatic settlements (loss cut).

Trust Custody

Sumitomo Mitsui Bank
Trust custody at Sumitomo Mitsui Bank.

Transfer Fee

Transfer fee for receipt is paid by the customer and transfer fee for payment is paid by the company for the first transfer of the month.

Trading time

Available products Trading time
NY30 Stock Futures (DJ) From 8AM Monday to 6:15AM Saturday (Trades are stopped from 6:15AM to 8AM)
SPX500 Stock Futures (SP) From 8AM Monday to 6:15AM Saturday (Trades are stopped from 6:15AM to 8AM)
Emerging100 Stock Futures (ND) From 8AM Monday to 6:15AM Saturday (Trades are stopped from 6:15AM to 8AM)
Hong Kong 42 Stock Futures (HS) Daily from 10:15AM to 17:15PM (Trades are stopped from 1PM to 2PM)
Nikkei225 Stock Futures (NK) From 8:30AM Monday to 5:45AM Saturday
(Trades are stopped from 3:25PM to 3:55PM & 05:45AM to 08:30AM)
UK100 Stock Futures (FT) Daily from 4PM to 6AM

Summer Time

Available products Trading time
NY30 Stock Futures (DJ) From 7AM Monday to 5:15AM Saturday (Trades are stopped from 5:15AM to 7AM)
SPX500 Stock Futures (SP) From 7AM Monday to 5:15AM Saturday (Trades are stopped from 5:15AM to 7AM)
Emerging100 Stock Futures (ND) From 7AM Monday to 5:15AM Saturday (Trades are stopped from 5:15AM to 7AM)
Hong Kong 42 Stock Futures (HS) Daily from 10:15AM to 17:15PM (Trades are stopped from 1PM to 2PM)
Nikkei225 Stock Futures (NK) From 8:30AM Monday to 5:45AM Saturday
(Trades are stopped from 3:25PM to 3:55PM & 05:45AM to 08:30AM)
UK100 Stock Futures (FT) Daily from 3PM to 5AM

Regarding payment and receipt of cash

Receipt of margin is confirmed by us in the company account with a bank and reflected in the cash balance of the customer account after we had completed the required procedures.
Transfer fee for receipt is paid by the customer.
When we receive the request for return of margin through i-trading before 1 PM on the Japanese banking day, we transfer the money to the designated customer account within 4 banking business days.
If the request is after 1 PM, the transfer will be one business day later.
The transfer fee for domestic payment will be paid by the company.
(But the transfer fees beyond the first payment will be paid by the customer).
And the transfer fees for overseas payment will be paid by the customer.

Regarding tax for CFD trades

Profits arising from OTC Securities CFD trades (capital gains) need to be filed with the tax authorities as miscellaneous income from January 1 2012.

Tax rates are 15% for income tax, 2.1% x income tax as the special reconstruction   tax and 5% for regional tax.
Profit and loss from OTC Securities CFD trades can be aggregated with other futures profit and loss. And if the net is a loss, it can be rolled for three years under certain conditions.
OTC Securities CFD trade profits gained by corporate entities will be included as  income under the corporate tax calculation.

We submit payment records of the customers to the tax authorities with address, name and amount when OTC Securities CFD trades are settled.
Please ask professionals such as tax accountants for details.

Special reconstruction tax will be taxed additionally for 25 years from 2013 to 2038 at the rate of 2.1% (0.315% of the profit).

 
 

Type I and Type II Financial Instruments Business (Director-General of the Kanto Finance Bureau (FIEA) Article 236),Commodity Futures Trading Dealers (OTC commodity derivative trading)
Member Associations:Japan Securities Dealers Association,Financial Futures Association of the Japan,Type Ⅱ Financial Instruments Firms Association,Japan Commodity Futures Association,Japan Investor Protection Fund
Japan Cryptocurrency Business Association Associate member Membership number 2024

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Requests for materials are accepted through telephone.