Dear Client,

As a valued client of CMC Markets, we would like to inform you of some important changes to our service.

In order to rationalise our offering, we are changing the way we calculate spreads on equity instruments, though our Share spreads will remain the most competitive in the market. This change will also help us continue to extend our product range, giving you an even wider choice of instruments to trade. This expansion starts on Monday, 7th May 2007 with the addition of a range of UK Small Cap stocks.

Product
Tenor
CMC Spread
UK FTSE350
Rolling Cash
0.075% each side
 
Quarterlies
0.15% each side
Europe
Rolling Cash
0.075% each side
Denmark
Rolling Cash
0.075% each side
Norway
Rolling Cash
0.075% each side
 
Product
Tenor
CMC Spread
Sweden
Rolling Cash
0.075% each side
Switzerland
Rolling Cash
0.075% each side
US
Rolling Cash
0.075% each side*
Canada
Rolling Cash
0.075% each side
Japan
Rolling Cash
0.25% each side
    *Capped at 4 cents a side maximum.

These spreads will be applied to all Market, Stop and Limit orders placed on Shares on or after Monday, 7th May 2007.

Examples

Product
VOD Rolling Cash
BP Rolling Cash
TSCO Rolling Cash
Before
138.48 / 138.73
553.00 / 553.50
455.50 / 456.00
After
138.45 / 138.75
552.59 / 553.92
455.16 / 456.34
 

All of our other instruments, such as Indices, Commodities and Treasuries, will remain unchanged.

As a result of this, we are now able to further enhance our product range, beginning with the launch of a range of UK FTSE Small Cap stocks.

UK Small Caps
Trading Hours
Margin
CMC Spread
Rolling Cash
08.00 - 16.30 (London Time)
10%
0.15% each side
Quarterlies
08.00 - 16.30 (London Time)
10%
0.3% each side

 
The new Dealing Guide which fully details these chnages is available here. This Dealing Guide will come into effect from Monday, 7th May 2007.  

These new spreads will not apply to the closure of existing positions held into this date. To facilitate this we will make a cash credit to your account and we intend to do this on 6th May 2007. This credit will take into consideration any open positions you have on this day, and will net off any difference generated when closing those positions following the 6th.

The credit will be calculated by using the Mark to Market price as at the close of business 4th May 2007. CMC Markets will not recover any difference from your account if you are subsequently debited less than the original rebate.

We are committed to offering you the best trading service and you will find that our spreads remain the most competitive in the market, however should you have any questions about your new spreads, please contact the Helpdesk by emailing helpdesk@cmcmarkets.co.uk, or by telephoning +44 (0)20 7170 8205.

Best regards,

The team at CMC Markets

For quick answers to your account, software and dealing questions, please visit www.cmcmarkets.co.uk/help

 

CMC Spreadbet Plc is authorised & regulated by the Financial Services Authority