Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (31st October – 6th November 2023) and Applicable Leverages (31st October – 6th November 2023) Announcement - Zeal Capital Market

CFD Expiration Date

Dividend Payment or Charge Adjustments on Shares and Spot Stock Indices (31st October – 6th November 2023) and Applicable Leverages (31st October – 6th November 2023) Announcement

Please be advised that when trading shares and spot stock indices using contracts for difference (CFDs), when an underlying 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 market close (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 to here may vary significantly from one trading product to another, please refer to contract specification 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 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 31st October 1st November 2nd   November 3rd   November 6th   November Dividend Payout Time
(GMT+1)
GER40           21:55
FRA40           21:55
US30         0.824 21:55
NAS100   0.170 0.577 0.258 0.668 21:55
SPX500 0.280 0.020 0.282 0.187 0.150 21:55
ChinaA50           18:55
HK50     0.824   8.718 19:45
AUS200 0.176         21:55
SPAIN35 46.891     1.869   18:55
UK100     0.267     21:55
EURO50 2.775 0.820       21:55
JAPAN225           21:55
GER40min           21:55
FRA40min           21:55
US30min         0.824 21:55
NAS100min   0.170 0.577 0.258 0.668 21:55
SPX500min 0.280 0.020 0.282 0.187 0.150 21:55
ChinaA50min           18:55
HK50min     0.824   8.718 19:45

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 expected stock dividend figures below for this week:

Symbol 31st October 1st November 2nd   November 3rd   November 6th   November Dividend Payout Time
(GMT+1)
INTC     0.125     21:55

(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 of 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 (31st Oct – 6th Nov 2023):

Symbol Earnings Announcement Date Leverage Amendment Time (GMT+1) Amended Leverage Resumed Leverage Time (GMT+1) Resumed Leverage  
PFE 31st October 27th October 21:55 1:5 2nd November 21:55 1:10
QCOM 1st November 30th October 21:55 1:5 3rd November 21:55 1:10
PYPL 1st November 30th October 21:55 1:5 3rd November 21:55 1:10
TM 1st November 30th October 21:55 1:5 3rd November 21:55 1:10
AAPL 2nd November 31st October 21:55 1:5 4th November 21:55 1:10
SBUX 2nd November 31st October 21:55 1:5 4th November 21:55 1:10
MRNA 2nd November 31st October 21:55 1:5 4th November 21:55 1:10
BRK/B 4th November 2nd November 21:55 1:5 6th November 21:55 1:10