Common use of Margin CFD Transactions Clause in Contracts

Margin CFD Transactions. (i) Where the Client is long the relevant share, index or sector CFD position, PKF Capital credits the Margin Transaction Account with an amount equivalent to overnight interest to the next trading date equal to the PKF Capital Rollover Interest Rate on the Transaction Value. (ii) Where the Client is short the relevant share, index or sector CFD position, PKF Capital debits the Margin Transaction Account with an amount equivalent to overnight interest to the next trading date equal to the PKF Capital Rollover Interest Rate on the Transaction Value.