This article is originally referred from KVB Kunlun News
KVB Kunlun New Zealand Limited (KVB) will trade NIK225 and SPX500 against the underlying assets of its corresponding index futures (as opposed to spot) from 7/12/2016 (NIK225) and 15/12/2016 (SPX500) respectively.
Please be notified that according to the Stock Exchange rules, these CFDs have an expiry date.
At current stage, KVB will not carry forward any outstanding positions from one month to the next.
Before the expiry date, all outstanding positions will be closed by KVB and the price will be the middle price of the closing prices. The funds will be finally settled in cash.
In order to avoid last trading day’s volatility, KVB will switch over the price quote from current month to the next month two trading days prior to the exchange expiry dates below.
Clients can resume trading using the same CFD symbol after this quote switch over.
|Contract Month||SGX Last Trading Day||KVB Kunlun|
|Contract Month||CME Globax||KVB Kunlun|
The details of the contract and PDS are available on our web-site www.kvbkunlun.com.
If you have any problem, please feel free to contact KVB customer service team and the hotline is +64 9 359 8999.
Original Source: KVB Kunlun News