| Currency* |
Revised Starting Margin Level from: |
| GBP |
7% |
| EUR |
3% |
| CHF |
3% |
| JPY |
3% |
| XAU |
4% |
| Stock Index CFDs* |
Revised Margin Level: |
| UK Index CFDs |
8% |
| European Index CFDs |
5% |
All UK single stock instruments with a risk rating of 2 or 3 will be re-rated to 4. The impact on the margin requirement and stock collateral will change as follows:
| CFDs and Stock Options* |
Revised margin |
| UK Single stock CFDs |
15% |
| UK Stock Options (Out-of-the-money) |
15% (minimum) |
| UK Stock Options (In-the-money) |
25% |
| Cash Stocks* |
Collateral Value |
| UK Stocks |
50% |
*Local default rate which may be higher will remain unchanged.
Currency and Indices Futures contracts on the above instruments will also be subject to margin changes. Refer to upcoming Margin & Collateral changes under Accounts on our Trading Platform for more details.
Additional increases or restrictions affecting these markets, or others, may follow and we’ll endeavor to inform you of any changes as soon as reasonably practicable.
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