Bid / Ask Spreads
Below are the spreads that are offered to Templer Holdings'
customers during normal market conditions. The spreads that are
offered to Templer Holdings' customers during significant foreign
exchange market events, such events including but not limited to
the release of non-farm payroll data, may vary from the spreads
identified below and reflect the volatility that is occuring in
the interbank market due to such events.
|
Symbol |
Lot Size |
Spread* |
Gap level |
Stop & Limit*** |
Max Limit&
Stop Levels**** |
Swap**
Long |
Swap**
Short |
|
MAJOR
CURRENCY PAIRS |
|
EUR/USD
|
EUR 10 000 |
1-3
|
15 |
5 |
50 |
-0.100 |
-0.2300 |
|
GBP/USD
|
GBP 10 000 |
3-4
|
20 |
5 |
50 |
-0.080 |
-0.2500 |
|
USD/CHF
|
USD 15 000 |
3-4
|
25 |
5 |
50 |
-0.010 |
-0.120 |
|
USD/JPY
|
USD 10 000 |
2-3
|
20 |
5 |
50 |
-0.041 |
-0.062 |
|
USD/CAD
|
USD 10 000 |
4
|
15 |
5 |
50 |
-0.020 |
-0.110 |
|
AUD/USD
|
AUD 10 000 |
4
|
15 |
5 |
50 |
0.350 |
-0.840 |
|
NZD/USD |
NZD 10 000 |
4 |
15 |
5 |
50 |
0.210 |
-0.540 |
|
MAJOR CURRENCY
CROSS PAIRS |
|
EUR/GBP |
EUR 10 000 |
3-4 |
15 |
5 |
50 |
-0.100 |
-0.120 |
|
EUR/CHF |
EUR 10 000 |
3-4 |
15 |
5 |
50 |
0.070 |
-0.310 |
|
EUR/JPY |
EUR 10 000 |
4 |
16 |
5 |
50 |
0.070 |
-0.280 |
|
EUR/CAD |
EUR 10 000 |
15 |
15 |
5 |
50 |
0.040 |
-0.300 |
|
EUR/NZD |
EUR 10 000 |
20 |
120 |
5 |
50 |
-1.810 |
0.530 |
|
EUR/AUD |
EUR 10 000 |
16 |
160 |
5 |
50 |
-1.760 |
0.600 |
|
GBP/CHF |
GBP 10 000 |
8 |
64 |
5 |
50 |
0.040 |
-0.350 |
|
GBP/JPY |
GBP 10 000 |
8 |
64 |
5 |
50 |
0.050 |
-0.310 |
|
GBP/CAD |
GBP 10 000 |
15 |
64 |
5 |
50 |
-0.010 |
-0.330 |
|
GBP/AUD |
GBP 10 000 |
15 |
120 |
5 |
50 |
-2.060 |
0.700 |
|
AUD/CHF |
AUD 10 000 |
15 |
120 |
5 |
50 |
0.440 |
-0.950 |
|
AUD/CAD |
AUD 10 000 |
15 |
120 |
5 |
50 |
0.430 |
-0.960 |
|
AUD/JPY |
AUD 10 000 |
10 |
80 |
5 |
50 |
0.400 |
-0.850 |
|
AUD/NZD |
AUD 10 000 |
35 |
280 |
5 |
50 |
-0.450 |
-0.820 |
|
NZD/CHF |
NZD 10 000 |
20 |
160 |
5 |
50 |
0.280 |
-0.620 |
|
NZD/CAD |
NZD 10 000 |
15 |
120 |
5 |
50 |
0.270 |
-0.630 |
|
NZD/JPY |
NZD 10 000 |
15 |
120 |
5 |
50 |
0.25 |
-0.560 |
|
CHF/JPY |
CHF 10 000 |
8 |
64 |
5 |
50 |
-0.030 |
-0.030 |
|
CAD/CHF |
CAD 10 000 |
15 |
120 |
5 |
50 |
-0.020 |
-0.060 |
|
CAD/JPY |
CAD 10 000 |
10 |
80 |
5 |
50 |
-0.020 |
-0.050 |
|
COMMODITIES |
|
Oil |
100 brls |
1.0 |
8.0 |
1.0 |
50.0 |
-7.3% |
2.5% |
|
Natural Gas |
100 MMBtu |
0.5 |
4.0 |
0.5 |
25.0 |
-7.2% |
2.2% |
|
XAUUSD |
100 OUNCE |
1.0 |
8.0 |
2.0 |
50.0 |
-5.8% |
3.17% |
|
XAGUSD |
5000 OUNCE |
0.10 |
0.80 |
1 |
50.0 |
-5.2% |
3.0% |
*
Spreads and SWAPS
are indicated for the date of 04.06.2009. Templer
preserves the right to change spreads and swaps when
relevant.
** Swaps
are applied at 00:00 CET. If you don't want swaps to apply
to your positions you should close them before
00:00 CET. Ttriple swaps apply to positions kept overnight
on Wednesdays.
*** This column shows in pips the minimum distance
from the market that a client can place a limit or stop
order. Stop & Limit level could be set at 50 points under
certain market conditions
****
Effective 15 minutes before and 10 minutes after the news
flash |
What is a Pip (or point)?
The term used in currency market to represent the smallest
incremental move an exchange rate can make. Depending on context
normally one basis point (0.0001 in the case of EUR/USD, GBP/USD,
USD/CHF and 0.01 in the case of USD/JPY).
Margin Requirement
The table below shows an example of the margin required for each
contract size in the major currency pairs based on spot rates
Margin required is subject to change in market rate. In a live
account, the margin required for each non-dollar based currency
pair will be converted to U.S. Dollars, in real-time, at the
prevailing market price for that pair. Once the equity in an
account falls below the required margin, then all open trades will
be closed at the prevailing market rate.
|
Òèêåð
|
Çàëîã
|
Hedged margin**
|
|
EURUSD
|
ˆ 100
|
ˆ 50
|
|
USDCHF
|
$ 150
|
$ 75
|
|
GBPUSD
|
£ 100
|
£ 50
|
|
USDJPY
|
$ 100
|
$ 50
|
|
NZDUSD |
NZD 100 |
NZD 50 |
|
AUDUSD
|
AUD 100
|
AUD 50
|
|
USDCAD
|
$ 100
|
$ 50
|
|
EURCHF
|
ˆ 100
|
ˆ 50
|
|
EURJPY
|
ˆ 100
|
ˆ 50
|
|
EURGBP
|
ˆ 100
|
ˆ 50
|
|
GBPJPY
|
£ 100
|
£ 50
|
|
GBPCHF
|
£ 100
|
£ 50
|
Note:* 100% is
a Stop Out level (Free Margin<=0). All positions will be closed at reaching this
level.
** Required margin for opening 2 positions in opposite directions= hedged margin õ 2. |
SWAP-free/Muslim Accounts
Templer Holdings
offers the possibility of Islamic or swap-free accounts. Swaps will
not apply to such accounts.
For this service Templer will charge a fee of 0.5/5 USD per traded
lot round turn.
Templer preserves the right to discontinue an Islamic/swap-free
account without warning. Templer will invoke this right in
case of suspicion of abuse.
