Key features of ASX Listed CFDs

 

It is important to familiarise yourself with the key features of ASX Listed CFDs before trading.

Daily settlement

At the end of each trading day, all positions in ASX Listed CFDs are 'marked to market' using the Daily Settlement Price (DSP).

Expiry

ASX Listed CFDs do not expire. They are perpetual in nature. The only way to close a position is to trade the opposite side of your position1. 

Corporate action adjustments

Positions in an ASX Equity CFD can be subject to corporate action adjustments. See Trading information   

1There are limited circumstances in which ASX may expire and delist contracts. This is only likely to occur where the contract has open positions in the following situations:
There is a lack of liquidity in the contract;
The underlying has been delisted; or
Access to the data of the underlying instrument becomes permanently unavailable (for example, where an index provider ceases to calculate an index or terminates the index provider agreement with ASX).
If the above action were to be taken, ASX would provide as much notice to the market as possible to enable the closing out of open positions.