Long Positions
A client holding a long position on the ex-dividend date will receive the applicable dividend in the form of a cash adjustment that is credited to the relevant trading account. The transaction can be found in the History Tab on the client’s trading platform - "Cash Corrections".
Short Positon
A client holding a short position on the ex-dividend date will be charged the applicable dividend in the form of a cash adjustment that is debited from the relevant trading accounts free equity. The transaction can be found in the History Tab on the client’s trading platform - "Cash Corrections".
Dividends procedure
Cash dividend transactions debit/credit account balance on ex-dividend day at 15:00 server time. The transaction can be found in the History tab.
In case of a Long position, the Cash Dividend amount is:
Dividend per stock * Volume
where:
Volume = Contracts * Contract size
In case of a Short Position, the Cash Dividend amount is:
(-1) * Dividend per stock * Volume
where:
Volume = Contracts * Contract size
Stock splits
In the event of a stock split, the appropriate adjustment on the client’s position shall be reflected on the trading account in accordance with the announced stock split.
Split procedure
The Splits procedure runs on the server every day at 15:00 server time. During the procedure all active pending orders (Limit, Stop) for related stock are removed.
Weighted average price and sum volume are calculated separately for all open deals in short and all open deals in long positions of an instrument. They are assigned as new open price and new volume for the deal, with maximum volume for long and short deals accordingly. In case a deal receives fractional shares, such shares will be liquidated for cash transaction – "Split cash correction". The volume of other deals for related instrument will be reset to 0 and moved to the History tab.
Fractional stock adjustment
In the event a corporate action results in a fractional position, RoboMarkets reserves the right at its own discretion to credit the outstanding fractional component as a cash adjustment, to be credited to the client’s trading account.
Other Corporate Actions
In the event of a stock being de-listed, merged, acquisitioned, tendered, spinned-off, the client’s position will be closed at the last market price traded.
RoboMarkets bears no responsibility for notifying the client regarding announcements of corporate actions.
