Index Dividend

If any constituent of underlying index has declared a dividend and account is holding Cash Index CFD position for ex-date -1, then account will receive or pay dividend amount. Long position receives dividend and Short position pays dividend. CIMB receives dividends in terms of Index points from liquidity provider and applies directly to applicable positions.


Index Dividend Example

Index CFD: US30.IXC


If constituents for Index Dow Jones announced dividends ex date 30-Aug-16.

Total Dividend in terms of Index Point = 15.272


If Position held overnight as of close 29-Aug-16: Long 20

Index Dividend receive = Quantity * Index points = 20 * 15.272 = USD 305.44


If Position held overnight as of close 29-Aug-16: Short 20

Index Dividend pay = Quantity * Index points = -20 * 15.272 = USD 305.44