Spread Betting Helpdesk

The most efficient way to monitor your account is using the Client Position Keeping window within Marketmaker®. This enables you to monitor your trading positions, your daily profit and loss and also your cash positions. It is updated in real-time with live market prices. To access this function of the software, click on 'Trading' from the top menu and select 'Client Position Keeping'

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Initial margin requirements for Spreadbet positions are calculated by applying either a percentage or Notional Trading Requirement (NTR) to your stake. All shares are margined at 5%. NTR is applied to Index, Treasury, Commodity, Forex, Sector and Bullion Bets, and is a simple method of calculating an initial margin for less volatile instruments. Each instrument that uses NTR's has an NTR value attached to it, these can be found in the product tables within the Dealing Guide.

Share Bets

Initial Margin = (Stake x Share Price x 100) x 5%

Index, Treasury, Commodity, Forex, Sector and Bullion Bets

Initial Margin = Stake x NTR

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Financing is charged or paid on positions that are carried or held overnight. On short positions you will be credited, whereas on long positions you will debited.

The value of the adjustment will represent one night's cost of borrowing the notional value of your position.

The adjustment is calculated using the London Inter-Bank Offer Rate (LIBOR) +/- 2.5% for long positions and 3% for Short positions.

The financing adjustments on currency derived bets such as bullion and Forex bets work differently to share derived bets.

Essentially, the financing adjustments applied to your open positions are based on daily interest rate differentials derived from applicable rates in the Interbank market.

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Deposit Interest is paid on free equity balances over 10,000 GBP. It is paid at the UK applicable Base Rate less 2%, calculated daily and applied to your account once a month.

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Margin is the deposit required to maintain or open a position. At the time of each trade, the client will require funds on the account at least equivalent to the total margin requirement. It is therefore the clients responsibility from the time of the transaction and throughout the term of the position to maintain margin on the account at least equivalent to the total margin requirement. If market movements cause a situation to occur whereby there are insufficient funds on your account to cover your margin requirement then CMC Markets will endeavour to send you margin call emails. However the responsibility ultimately rests with the client and if further market movements occur and you are significantly overtrading CMC Markets reserve the right to close out (Liquidate) your position(s). If this occurs you will be sent an email Liquidation Notice informing you of what has happened and the resultant status of your account.

To hold any positions on your account you require a minimum balance of 100. This is regardless of margin requirements of any positions. If your account balance falls below this threshold then CMC Markets reserve the right to close all positions on your account. If the level is reached without being on margin call then no margin call email will be sent.

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We do not guarantee execution of any Stop order(s) at the price the order is set unless it is a Controlled Risk Bet (CRB). The placing of a stop indicates the level at which you wish to execute the order. Once this level has been reached or breached and the volume of your order has traded in the market, we will fill your order at your requested price or the next available price in the market (which may or may not be the price at which you placed the order).

For further information on CRB's please refer to the Dealing Guide Section 1, para. 4.5

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