Phillip CFD - Contracts For Difference

World Indices CFD		Indices Straits Times Index CFD Hong Kong 40 Index CFD Japan 225 Index CFD Wall Street Index CFD US SP 500 Index CFD US Tech 100 Index CFD
What is World Indices CFD? Why Trade World Indices CFD? \| Overview of Rates and Promotions List of World Indices CFD \| Important Trading Info

What is World Indices CFD?

World Indices CFD is a suite of global indices CFD that tracks the level of the underlying index and provides a cost-effective way to diversify your portfolio. Each World Index CFD is a special form of Contracts for Difference (CFD) that allows clients to trade the underlying stock index. With World Indices CFD, trading the global markets has become easier and more economical.

Why Trade World Indices CFD?

Trade the entire stock market with index-tracking CFD

World Indices CFD allows you to trade on the price movements of an entire Stock market, without owning any of the stocks within that index.

Increased Leverage, more Trading Power

World Indices CFD will enable clients to leverage up to 20 times the capital outlay *, allowing clients to pay only a fraction of the underlying capital required. Margin requirements for World Indices CFD is as low as 5% of market value of portfolio.

Participate from rising & falling markets

World Indices CFD gives clients added flexibility as it allows clients to take long or short positions.

Hedge out your portfolio

Clients have the added ability to protect your existing share portfolio against adverse market conditions by utilizing World Indices CFD to hedge your exposure.

* Index CFD is a highly leveraged trading instrument, and you can lose more than what you put in.

List of World Indices CFD

Overview of Rates & Promotions

CFD (Index) Click on index to view more details	Commission * Rates subjected to changes. GST on Commission	* Finance Charges * Based on 100% mark-to-market contract value * Rates subjected to changes	Contract Details	Current Promotion (s)
Straits Times Index CFD	S$10 (per side / lot basis)	Long : 5.5% p.a. (DR) Short : 3.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 5% Min Trade Size: 1 Target Spread:¹ 6 pts Value of 1 Index Point: S$5 Contract Size: S$5 x Price of Index Trading Hours (SGT): 9:01 am – 12:30 pm 2:00 pm – 4:59 pm	From 1 Apr - 31 Dec 2010, All Trades i) Waiver of rollover commission for this index
Hong Kong 40 Index CFD	HK$30 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 10% Min Trade Size: 5 Target Spread:¹ 20 pts Value of 1 Index Point: HK$1 Contract Size: HK$1 x Price of Index Trading Hours (SGT): 9:45 am – 12:30 pm 2:30 pm – 4:15 pm	From 1 Apr to 30 Jun 2010, Commission i) HK $10 per side / lot (Subject to minimum of 5 lots per trade)
				From 1 Apr - 31 Dec 2010, All Trades ii) Waiver of rollover commission for this index
Japan 225 Index CFD	¥10 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 10% Min Trade Size: 100 Target Spread:¹ 20 pts Value of 1 Index Point: ¥1 Contract Size: ¥1 x Price of Index Trading Hours (SGT): 8:00 am – 11:00 am 12:30 pm – 2:00 pm	From 1 Apr - 31 Dec 2010, All Trades i) Waiver of rollover commission for this index
Wall Street Index CFD	US$10 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 5% Min Trade Size: 1 Target Spread:¹ 4 / 6 pts Value of 1 Index Point: US$1 Contract Size: US$1 x Price of Index Trading Hours (SGT): 7:00 am - 4:00 am (DS) or 7:00 am - 5:00 am (Non-DS)	From 1 Apr to 30 Jun 2010, Commission i) US $5 per side / lot
				From 1 Apr - 31 Dec 2010, All Trades ii) Waiver of rollover commission for this index
US SP 500 Index CFD	US$5 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 5% Min Trade Size: 5 Target Spread:¹ 0.4 / 0.6 pts Value of 1 Index Point: US$1 Contract Size: US$1 x Price of Index Trading Hours (SGT): 7:00 am - 4:00 am (DS) or 7:00 am - 5:00 am (Non-DS)	From 1 Apr to 30 Jun 2010, Commission i) US $1.50 per side / lot (Subject to minimum of 5 lots per trade)
				From 1 Apr - 31 Dec 2010, All Trades ii) Waiver of rollover commission for this index
US Tech 100 Index CFD	US$5 (per side / lot basis)	Long : 5.0% p.a. (DR) Short : 4.0% p.a. (DR) Based on 100% mark-to-market contract value	Margin Requirements: 5% Min Trade Size: 5 Target Spread:¹ 3 pts Value of 1 Index Point: US$1 Contract Size: US$1 x Price of Index Trading Hours (SGT): 7:00 am - 4:00 am (DS) or 7:00 am - 5:00 am (Non-DS)	From 1 Apr to 30 Jun 2010, Commission i) US $2.00 per side / lot (Subject to minimum of 5 lots per trade)
				From 1 Apr - 31 Dec 2010, All Trades ii) Waiver of rollover commission for this index

¹ Please refer to World Indices Infosheet for more information.
(DS) / (Non-DS): Refers to Daylight-Saving and non-Daylight Saving Times respectively for the US timezones.

To view more trading promotions, visit our Global Rates & Promotions page

Important Trading Information

Contract Settlement

The following World Indices CFD are settled in their respective traded currencies.

World Index CFD	Settlement Currency
Straits Times Index CFD	SGD
Hong Kong 40 Index CFD	HKD
Japan 225 Index CFD	JPY
US SP 500 Index CFD	USD
US Tech 100 Index CFD	USD
Wall Street Index CFD	USD

There will be NO auto-conversion for JPY, HKD and USD should there be any margin deficit in these currencies. Should there be any margin deficit in the respective ledger, clients should submit conversion request to avoid incurring margin debit interest.

Dividend Policy

A dividend adjustment will apply for World Indices CFD, after the ex-dividend date of its underlying component stock.

World Index CFD	Dividend Adjustment
Straits Times Index CFD	Yes
Hong Kong 40 Index CFD	Yes
Japan 225 Index CFD	Yes
Wall Street Index CFD	Yes
US SP 500 Index CFD	No
US Tech 100 Index CFD	No

For example, for client with long positions in World Indices CFD, the dividend adjustment will be credited to the client’s account. For client with short positions in World Indices CFD, the dividend adjustment will be debited from the client’s account.

Dividends adjustments are denominated in their respective declared currencies. Where the declared dividends are denominated in other foreign currencies which the multi currency ledger does not cater, it will be converted to the respective indices traded currency.

Margin Calls

The client will receive a margin call to top up your account the short fall when your equity balance falls below the Maintenance Margin. The client will have 2 business days to meet this margin call if the Equity Balance is less than maintenance margin of portfolio. If the client has a combination of Stocks CFD and Index CFD in his portfolio, he will have only 1 business day to meet the margin call when the Equity Balance falls below 5% of the market value of portfolio.

The Straits Times Index CFD (the “Securities”) are not in any way sponsored, endorsed, sold, or promoted by FTSE International Limited,
The London Stock Exchange Plc, The Financial Times Limited, SPH Data Services Pte Ltd, Singapore Press Holdings Ltd or Singapore Exchange
Securities Trading Limited (collectively, the “Index Sponsor”), and the Index Sponsor bears no liability in connection with the administration,
marketing or trading of the Securities. No warranty or representation or guarantee of any kind whatsoever relating to the Straits Times Index (the
“ST Index”) or the Securities is given by the Index Sponsor. Singapore Press Holdings Ltd is entitled to all intellectual property rights in the ST
Index.