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Commission structure for share CFDs
To improve transparency, commissions are charged separately from our Spread. Details of any Commission charges, as applicable, will be shown in the Product Library for each Product. If Commission applies to the execution of an Order (whether to open or close a Transaction), the appropriate amount will be deducted from the Cash in your Account upon execution of the Order or Transaction. You are required to monitor your Account to ensure you have sufficient Cash to pay any Commission due in full.
A holding cost is incurred if a trade is held open at 17:00 New York time each day, including weekends. It is the sum of both the financing amount and the carrying costs amount. Holding costs will be applied to the total value of the trade. For full details, please refer to our CMC Next Generation Platform PDS.
Price Data Feed Fees for share CFDs
From the 1 of December 2012, if you want to trade in a share CFD or view the Price data for that share CFD, you will need to activate a data feed subscription.
There will be a monthly fee for each data feed and the monthly fee will differ, depending on which country and/or countries your share CFDs relate to.
The monthly fee or fees (as applicable) will be debited from your Account on the first day of each calendar month (or on the day that you activate a data feed, should you activate the data feed part way through a calendar month) and will continue to be debited from your Account until such time as you deactivate the data feed via the ‘Data Feeds’ tab within the ‘Preferences’ section of the CMC Next Generation Platform.
It is your responsibility to ensure that you have sufficient Cash in your Account to pay any data feed fee or fees (as applicable) in full.
Please also note that the Price data feed fee for the full calendar month will be charged, irrespective of whether you activate or deactivate the Price data feed part way through the calendar month.
If you have an existing share CFD Position or Order (including an Open Order) on 1 December 2012, the CMC Next Generation Platform will automatically activate the applicable Price data feed. Your Price data feed fee or fees (as applicable) will be determined by the country or countries to which your share CFDs relate.
Please note that this will not affect FX, Indices, Commodity or Treasury CFDs.
For further information regarding the Price data subscription and for a breakdown of the monthly Price data subscription fees, please login to the CMC Next Generation trading Platform and select the Data Feeds tab within the 'Preferences' section of the CMC Next Generation trading Platform.
For the FAQs regarding the Price data subscriptions please click here
Rebates for Price Data Feed for share CFDs
We are pleased to introduce a Price data feeds fee rebate scheme.
As a private investor, if you execute two (2) or more trades under the same market data subscription during a subscription period, the fee for that period will be refunded to your account. The refund will take place during the subsequent calendar month. However, if you have been classified as a non-private investor, you will have to execute five (5) or more trades under the same market data subscription in order to qualify for a refund.
Your Price data feed or feeds (as applicable) will be determined by the country or countries to which your share CFDs relate. Please always ensure you have sufficient Cash in your Account to cover the applicable Price data feed fee or fees (as applicable).
If you have any questions regarding the Price data feed fees and/or Price data feed fee refunds, please contact us on 1300 303 888.