Online CFD Trading

Before the release of a financial report or other corporate event, margin requirements for stocks may increase up to five times the standard percentage. This change can be introduced five working days before the scheduled event and may remain in effect after its completion at the discretion of GRANDE Club.

During this period, the updated margin requirements will apply to all existing and new positions. GRANDE Club clients are advised to independently monitor the required margin for their accounts and the available margin before, during, and after this period. In connection with the above, GRANDE Club clients must understand and agree that they may be notified of a margin call or the possibility of stop-out activation for their positions.

Dividends

GRANDE Club reserves the right to increase margin requirements before the dividend payout.

Long positions – Clients holding Buy positions on the dividend payout date will receive dividend credits in the form of a cash adjustment (account replenishment).

Short positions – Clients holding Sell positions on the dividend payout date will be debited the dividend amount in the form of a cash adjustment (deduction).

Note: Dividends may be paid in the form of securities. The dividend amount is determined based on the stock’s value for calculating the cash equivalent (see details in the “Stock Split Adjustments” section).

Stock Split Adjustments

In the event that a corporate event triggers a stock split, the fractional remainder may be compensated with a cash adjustment unrelated to the main position’s actions. The size of such an adjustment will be determined as the product of the fractional position and the adjusted stock closing price on the day before the ex-date.

Stock Split

Regular Stock Split

This action does not change the company’s market value, and it should correctly reflect clients’ current stock positions considering the announced stock split ratio.

Example:

A client purchased 100 shares of Apple Corporation at $400 per share, and they are currently trading at $500. Then, Apple’s board of directors announces a 2:1 stock split.
At the close, the client’s 100 shares position remains neutral.
As a result, the client is assigned two new positions, and 100 shares are now worth $200 each at the time of opening, while the new market price is $250.
Thus, nothing changes for the client as their capital share remains the same as before the split.

Stock Consolidation

This action also does not change the company’s market value; however, client positions should be adjusted according to the updated stock price.

Example:

A client purchased 100 shares of Apple Corporation at $400, which are now trading at $500. Suddenly, the company announces a 10:1 stock consolidation.
At the close, the client’s 100 shares position remains neutral.
As a result, the client is assigned one new position, where they now hold 10 shares, each valued at $4000 at the time of opening, while their new market value is $5000.
The situation for the client remains the same, as their capital share has not changed compared to the pre-consolidation position.

Rights Issue

As a result of a rights issue, rights may be transferred in the form of collateral, a CFD may be executed based on these rights, or a financial adjustment may be made.

Actions to address stock shortages will be taken following official notification.

Although a rights issue offers the client the opportunity to purchase shares at a reduced price, the value of the shares may also decrease due to the increased volume of outstanding shares, leading to dilution.