Q&A · ESMA
CFDs referencing futures
Answered
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CFDs on futures take the initial margin percentage for the future's underlying under ESMA's CFD decision, so a CFD on a USD/EUR future is treated as having a major currency pair as its underlying (3.33%).
Details
| Reference | ESMA_QA_1984 |
|---|---|
| Issuer | ESMA |
| Published | 1 Jun 2018 |
| Answered | 1 Jun 2018 |
| Submitted | 1 Jun 2018 |
| ESMA topics | Product intervention |
| Earlier Q&A document | ESMA 35-36-1262 Q&AS on Product intervention, Q&A nr 5.7 |
Provisions it relates to
- Article 40 MiFIR · ESMA temporary intervention powersExplicit reference · 90%
- MiFIR (whole act)Explicit reference