Values that bind
Spread Betting Terms
Religare Capital Markets plc
Tel +44 (0)20 7444 0500 • Fax +44 (0)20 7444 0815
Registered office: 100 Cannon Street, London, EC4N 6EU • Registered in England no 2368530
Religare Capital Markets plc. is authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.
Member of the Association of Private Client Investment Managers & Stockbrokers, PLUS Corporate Adviser
Values that bind
CONTENTS 3.5 It is your responsibility to make sure you access the
sources referred to in clause 3.2, so that you know whether
1. Spread Betting Terms
you pay or receive the financing charge, how it is
2. Our Definitions calculated and the types of Spread Betting to which it
3. Spread Betting Financing Costs
4. Roll Over Policy
4. ROLL OveR POLiCy
5. Profit & Loss
6. Applicable Law and Jurisdiction 4.1 Before the expiry date of a Spread Bet you may ask us to
roll over that Spread Bet. You have to make this request a
7. Regulation of Religare Capital Markets plc. certain time before expiry – Please refer to the Market
Information Sheets or Client Services for the Markets on
which this is available and the times by which you
have to make this request; these times may vary depending
1. SPReAD Betting teRMS on the Market concerned. We are not obliged to agree to
roll over the Spread Bet.
1.1 The Terms of the contract between us in relation to
your Spread Betting Account consist of: - 4.2 If you are permitted to roll over a Spread Bet: -
• these Spread Betting Terms (which must be read in • the original Spread Bet is closed at Our Price and becomes
conjunction with our General Terms for Margined due for settlement;
Products); • a new Spread Bet is immediately opened at the Our Price
• RCM’s Market Information Sheets relating to offered for the new Spread Bet; and
Spread Betting; • any Orders that are attached to the Spread Bet concerned
• Margin Terms for CFD’s and Spread Betting (i.e. any Stop Loss Orders, Attached Limits, Trailing Stop
• Order Execution Policy; Loss Orders and One Cancels the Other) are automatically
• Conflicts of Interest Policy cancelled and cease to have effect.
• Anti Money-laundering Policy
5. PROFit & LOSS PROFiLeS
2. OuR DeFinitiOnS
5.1 On closure of a Spread Bet a profit or a loss will have
2.1 The definitions in the General Terms apply to our arisen, as follows: -
Spread Betting Terms. Please refer to clause 35 of
the General Terms. • you will have made a profit if the Price at which you sold
(whether opening or closing the Spread Bet) exceeded the
Price at which you bought (whether opening or closing the
3. SPReAD Betting FinAnCing COStS Spread Bet);
• you will have made a loss if the Price at which you sold
3.1 A daily financing charge may apply to each Spread Bet at (whether opening or closing the Spread Bet) was less than
the close of RCM’s trading day in respect of that Spread Bet. the Price at which you bought (whether opening or closing
the Spread Bet).
If a financing charge is applicable it is either paid
by you to RCM or by RCM to you, depending on the type of 5.2 Your profit or loss:
Spread Bet concerned and whether you hold a
Long Position or a Short Position. • is the difference between the opening value of your
Spread Bet (i.e. stake x opening Price) and the closing
The method of calculation of the financing charge varies value of that Spread Bet trade (i.e. stake x closing Price);
depending on the type of Spread Bet concerned. • plus or minus the financing charge applicable to
The amount of financing charge will vary as it is calculated • plus or minus any adjustments in accordance with
by reference to current interest rates (such as LIBOR). clause 16 of the General Terms.
3.2 You need to refer to the following sources to 5.3 Profits on closed Spread Bet’s will be credited to your Cash
ascertain whether you pay or receive the financing Balance.
charge and the method of calculation: -
5.4 Losses on closed Spread Bet’s will be debited from your
• the Market Information Sheets; Cash Balance.
• the Website;
• Client Services. 5.5 Unrealised Marked to Market profits (i.e. profits on Open
Positions) will not be credited to your Account. Likewise
3.3 The financing charge will be credited or debited (as unrealised Marked to Market losses (i.e. losses on Open
appropriate) to your Account on the next trading Positions) will not be debited to your Account. Those
day after the day to which it relates. unrealised profits and losses will be calculated as above,
replacing the closing Price with the Marked to Market
3.4 We reserve the right to vary the method of Price; we call the total of your unrealised profits and losses
calculating the financing charge, financing rates and/or (Marked to Market) “Open Position P&L”. Please note that
the types of Spread Betting to which the financing Open Position P&L is taken into account in the calculation
charge applies. of Trading Resource. This means that Open Position P&L is
Values that bind
taken into account to calculate Margin, to determine
whether or not you can place a Spread Bet and to
determine maximum stake size of a Spread Bet.
6. LAw AnD JuRiSDiCtiOn
6.1 The Terms, (including all Margined Trades and Orders) and
our relations prior to the establishment of any contract
between us shall be governed by and construed in
accordance with the laws of England and Wales.
6.2 The Courts of the United Kingdom will have exclusive
jurisdiction over any claim or matter arising under or in
connection with the Terms and the legal relationships
established by the Terms. Nothing in this clause shall limit
the right of RCM to take proceedings against the Client in
any other court of competent jurisdiction, nor shall the
taking of proceedings in any one or more jurisdictions
preclude the taking of proceedings in any other
jurisdictions, whether concurrently or not, to the extent
permitted by the law of such other jurisdiction.
7. ReguLAtiOn OF ReLigARe CAPitAL
7.1 Religare Capital Markets plc. is entered on the FSA’s
register under number 143695. RCM’s registered office is
100 Cannon Street, London EC4N 6EU.
7.2 Religare Capital Markets plc. is authorised and regulated
by the Financial Services Authority.
Religare Capital Markets plc.
100 Cannon Street
For all enquiries, please contact us via:
Tel: 0845 872 1803