CFD (Contract For Difference)

An arrangement made in a futures contract whereby differences in settlement are made through cash payments, rather than the delivery of physical goods or securities.

WSD launches WTI CFD's Salient Features:-

1. 1. 5 cent spreads
2. 2. 1 % margin
3. 3. 1pt = $ 10.

Trading Hours:
Monday to Saturday: - 12.00 pm to 11.15 am (New Zealand time)

The Roll over: -

Futures contracts are Exchange traded hence they have specific expiry dates:-

• The price will be switched from the front month price feed into the next month price feed at the close of business.
• The price will be switched one or two days before the official market switches its front month feed (before market expires).

    Settlement Date

The date by which an executed security trade must be settled. That is, the date by which a buyer must pay for the securities delivered by the seller.

Please note the expiry dates (settlements Dates) of the Futures contract:-

 

Rollover of the Contract is done at the Price it was first opened and there is no Roll over gain or loss to a customer.

Example-

Example-