Hong Kong stock CFD products have dividends, and will be calculated according to the actual contract size of the customer. Doo Prime will draw 1 from the actual dividends as a handling fee.
Among them, long positions will receive dividends distributed by the listed company, while short positions will be deducted from the corresponding dividends. The calculation formula is as follows:
- Calculation formula for long positions: number of hands * contract specification * dividend per share * (1-1) / exchange rate
- Short position calculation formula: lot size * contract specification * dividend per share * (1+1) / exchange rate
The client holds a long position of 1 lot of Xiaomi Group stock CFDs in Doo Prime. At this time, Xiaomi Group announced a cash dividend distribution plan of HK$1 per share.
The Xiaomi Group CFD provided by Doo Prime has a specification of 1,000 shares per lot, and the customer will receive 126.92 US dollars after deducting the dividend handling fee;
- Calculation formula: lot size (1) * contract size (1,000) * dividend per share (1) * (1-1) / HKD/USD exchange rate (take 7.8 as an example) = 126.92
If the client holds a short position, it will be deducted $129.49.
- Calculation formula: Lot size (1) * Contract size (1,000) * Dividend per share (1) * (1+1) / HKD/USD exchange rate (take 7.8 as an example) = 126.92
(*Note: The results shown above are for reference only, the calculation will be changed according to the real-time exchange rate conversion, and may differ from the actual interest charged)
The calculation results of all dividends and the total handling fee will be deducted from the client's trading account, and you can check it in the account's historical orders.