外汇平台：国内有靠谱的外汇公司么？【维森证券吧】_百度贴吧
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外汇平台：国内有靠谱的外汇公司么？
论合规的外汇平台，我想说几点：第一，出入金时间不拖延并做到出金时间及时。第二，所选择平台有没有负面新闻（恶意滑点，出入金慢，服务差）。第三，关于平台监管要真实，不能套牌及盗版软件。第四，保本理财及保收益必须要远离。
本人作为维森证券的山东潍坊代理商，从事外汇行业5年有余，自从今年接触VISN这个平台以来，让我感受颇多。第一，平台稳定，我所有的客户都能做到及时买卖成交，即使盈利也从不滑点。第二，出金很快，我的客户每次盈利都能顺利出金，并1个工作日内到账，这是之前合作其他平台无法体会到的。第三，给到我的支持很友好，开发客户的工具配备，内部员工及客户培训的支持，关键是总部运营中心给到贴心关怀（客户礼品，真实体验账户，直播间，办活动的经费等等）确实使我们做代理的收获颇多。总结，希望今年与维森一道做出出色的业绩，更好的为客户服务支持！
你们在山东有多少代理了
，这个平台在大陆绝对考虑，各方面都具备合作的要素。
证券作为一家跨国公司，维森将国际顶尖的投资监管体系，金融投资创新思维、高端的投资技术带入，专注为全球投资者量身打造专业化、国际化、的外汇、、贵金属等，股指等在内的网上交易服务平台。
维森证券技术优势：EA 自动化交易软件（，白虎 27 种货币）DELE DAY（喊单策略，实时推送给客户）营销优势：营销方法（自媒体运营，EA 软件）自媒体运营（营销方案，，QQ 群，贴吧，微信，微博及各大网站推送）代理商优势：专业的营销策划支持，培训支持，专业诊断支持，支持，专业技术支持，统一的形象支持，大客户支持。
关于的深度介绍：1、客户定位？
答：有意向做代理商赚钱的和已是代理商的人。2、什么是外汇？
答：指的是外币或以外币表示的用于国际间债权债务结算的各种支付手段。外国货币。包括纸币、铸币。3、什么是外汇市场？
答：由银行等金融机构、自营交易商、大型跨国企业参与的，通过中介机构或电讯系统联结的，以各种货币为买卖对象的交易市场。4、外汇市场的参与者？
答：由各国的、商业银行、非银行金融机构、、大型跨国企业、经纪公司、投机者等共同参与的一个市场。5、外汇、黄金、白银、原油的合约单位？
答：1手等于10万、1手等于100盎司、1手等于5000盎司、1手等于1000桶。1盎司等于31克。7.2-7.3桶原油等于1吨。6、VISN的杠杆比例？
答：外汇1：100（200）；贵金属1:100；股指1：20（50）；原油1:100。7、最低交易量？
答：0.01手。8、爆仓？
答：爆仓是亏损大于你账户中除去保证金后的可用资金。由公司后剩余资金是总资金减去你的亏损，一般还剩一部分。9、爆仓比例是多少？
答：100%。10、是什么运作模式？
答：STP交易模式。
21、基本汇率和交叉汇率？
答：一国货币与之间的比价。 例如：美元/
两种非货币之间的比价。 例如：欧元/
英镑/瑞士法郎22、外汇的俗语？
答：多头：看涨
买入（揸）
卖出（沽）
平仓（完成交易）
入市价（新单）23、国际上主要的外汇市场？
答：目前具有国际影响的外汇市场基本上都在西方工业发达国家。世界主要外汇市场有：
1.美国纽约外汇市场
2.英国伦敦外汇市场
3.日本东京外汇市场
6.瑞士苏黎世外汇市场
7.德国法兰克福外汇市场 24、公司的产品都有什么？
答：外汇，贵金属，能源，股指，一共五十余种产品。25、维森是哪个国家的，你们受哪里监管？
答：母公司在，目前受到圣文森监管，监管号为IBC24617.维森证券是一家拥有多重金融监管服务以及众多全球国家金融信息注册的全球化正规经纪商。并根据MiFid（欧盟市场金融工具指令）以及AML（法规）经营。 VISN Markets (SV) Ltd 是注册在，FSA金融服务管理局授权的金融服务公司。本公司所提供服务符合法2009年修订法例第149章（修订和整合）还包括有培训和账户管理的服务以及经纪商所提供的金融商品例如带有杠杆的货币，期货，指数，差价合约等其它的企业活动的参与，符合欧盟的投资规定和足量资本规定的合规券商。此外我们开曼群岛的的银行业及造市商牌照将于2018年5月底正式上线。26、出入金是否有手续费？
答：入金没有手续费。出金每月第一笔没有手续费，以后费用的计算：
出金额：100-499美金，手续费为5美金；
500-999美金，手续费为10美金；
美金，手续费为15美金；
美金，手续费为20美金；
10000美金以上，手续费为30美金；
27、各洲主要的外汇交易市场及开收盘时间表？
28、你们平台有什么优势吗？
答：正规监管，资金绝对安全，点差低，返佣高，出金快，针对代理商众多支持方案及平台的稳定性。29、什么是点差？
答：点差即买卖差价，也就是客户要承担的交易成本。
30、点差是浮动还是固定，有手续吗？最低入金多少？
答：浮动点差，除点差外没有任何其他费用。最低入金500美金。
31、资金安全怎样保证呢？答：根据IBC规定，客户资金与自有资金必须严格分离。维森无权触碰客户资金。若维森无法偿债的罕见情况发生，通过IBC准许上限为800,0000欧元的民事责任保险计划，可充分保障客户的赔款。客户资金存放于世界顶尖银行，最大限度的保障客户资金安全。32、我的钱去哪了，是打到你们公司吗？
答：您的资金是汇入相应的监管机构指定的监管账户，与公司的资金是严格分离的。33、做你们代理有什么优势 为什么要做你们代理呢？
答：首先我们针对代理提供一套独有的方案，包括营销细分方案的支持及培训，EA智能交易矩阵体系（总有一款EA符合客户需要），趋势分析指标独家版权提供，针对优质代理商办公室（房屋租赁，人员工资，营销推广）挑费报销等等，此外内在竞争优势也相对明显，比如市场相对低的点差和相对高的返佣，然后我们专业的IB团队可以会针对您所在区域的市场情况为您提供一些有效的市场策略。销售模式及后续发展重心。34、外汇和股票的区别？
答：股票是单边交易，只能买涨，外汇是双边交易，可以买涨，也可以卖跌，无论牛市均可以获利；股票是T+1交易，当天买进，隔天才可以卖出，外汇是T+0交易，随时可买卖；股票有国界，交易时间以一国的开市收市时间为限，而全球的外汇在同一个市场上交易，24小时均可进行；股票投资的目标是上市公司的业绩，外汇的投资目标是国家经济；股市存在庄家，外汇市场成交量大，不存在庄家；外汇采用保证金交易模式，不受资金量大小所限。外汇还具有风险控制的功能，可以设置止盈止损。 35、外汇和期货的区别
答：期货有交易场所（），外汇是通过遍布全球的电子交易网络，在互联网上进行交易；期货有交割期，在合约规定的期限内必须完成交割，而外汇没有交割期，外汇可以无限期持有外汇合约，随时买卖；期货一般是10倍的杠杆率，外汇可以选择100-200倍的杠杆率；外汇交易的品种比期货更丰富，几乎所有都可以作为外汇交易的币种。36、开户流程是什么？需要哪些资料？
答：开户需要资料需要身份证正反面照片和常用邮箱地址，手机号码，银行卡信息，银行卡账号和开户人必须一致。37、如何入金？
答：和这2种方式。银联是比较快的2小时内可以到账，一般电汇入金大概都要1-2个工作日，具体看银行情况。入金都是免费的。38、如何出金？
答：出金可以官网在线出金，需要填写取款申请单。出金我们通常会在2个工作日内处理并将款项汇出。出金的取款将可能2-4个工作日内到帐，取决于中间行。收款行的处理效率！39、申请代理商需要什么要求？
答：最低要求为开发3个客户，总入金不低于5000美金。40、我是一名外汇新手，应该从何入手呢？
答：建议您先下载交易平台，零风险尝试VISN交易。模拟交易无需成本，下载安装平台后，即可操作。模拟账户的保证金数量和杠杆比例都是可以任意调节的，有助于您找到最佳的操作状态，为日后实战打下基础。新手入门的另一个方面，是阅读入门级资料。您可以向在线客服索取详细的学习教程。41、我在什么时间、什么场合可以交易外汇呢？
答：外汇交易最大的好处就在于无论何时何地，只要有互联网，就可以进行交易。虽然外汇市场是24小时运转的，但实际上主要的交易时间是从每周一开市，一直到每周五美国收市。而这其中行情波动最大的，盈利的机会最多的时段，是每天开市，到美国收市。由于时差的关系，这个时段正好是北京时间16：00-24：00，所以的常说“白天炒股，玩上炒汇”，工作投资两不误，这也是许多上班族喜爱外汇交易的原因之一。 42、先做做，模拟老是亏钱，不敢做？
答：首先你要更了解外汇行业，多与我们联系分析原因。都收看我们的外汇讲堂与广大会员多交流，在没有熟悉盘面波动和掌握各种指标的作用之前，按照我们的分析师喊单，进行交易是一个捷径。看看我们的操盘团队，近期获利颇丰。手把手教您交易。43、投资外汇和其他行业的对比？
答：金融的投资回报和投资效率肯定高于传统行业，面对全球市场5*24小时可以双向操作，200倍杠杆。随时随地都可以获取高额回报。
Important Information about VISN’s Product Disclosure Statement (“PDS”) 关于 VISN 产品披露声明的重要信息VISN is the issuer of this Product Disclosure Statement (“PDS”) for FX Contracts and CFDs.本外汇合约及差价合约的产品披露声明由 VISN 发布。Under the Corporations Act 2001 (Cth) (“Corporations Act”), a retail client must receive a PDSfrom an AFS Licensee before acquiring a financial product. The PDS is the document that sets outthe significant features of a financial product, including its risks, benefits, costs and fees andother related information. The purpose of this PDS is to provide you with sufficient informationto make an informed decision in relation to the acquisition of our FX Contracts and CFDs. Youmay also use this PDS to compare the financial products described with other issuers of similarproducts.根据 2001 年公司法（”公司法”），零售客户在交易金融产品前必须收到一份由 VISNMARKETS 发布的产品披露声明。产品披露声明是载有金融产品显著特征的文件，包括其风险，优势，成本及费用和其他相关信息。本产品披露声明旨在提供足够的信息以助您在知情的情况下做出有关外汇合约和差价合约的决定。您也可以通过本产品披露声明将其所描述的金融产品与其他发行者的同类产品作比较。The English language version of this PDS overrides all other language versions of this PDS to theextent of any inconsistency.本产品披露声明有多个语言版本，如不同语言版本之间存在不一致，概以英文版本为准。6You should keep this PDS, the Terms of Business and the Financial Services Guide (FSG) and anysupplementary and replacement documents and updated information that is provided to you byVISN, including via emails for your records.您应保存本产品披露声明，业务条款和金融服务指引(FSG)及任何由 VISN 提供给您的补充和替换文件及更新信息，包括邮件，以留作记录。We will amend this PDS or withdraw it from circulation in the event of any material alteration ofthe information it contains. VISN may modify any of the terms and conditions in the PDS. If thechange is an increase in fees and charges, or any other significant changes that are adverse orpotentially adverse to an investor, we will give notification issuing a new PDS. Any updatedinformation which is not materially adverse to investors will be available on the VISN Website.如本产品披露声明包含的信息发生实质性改变，我们将修订或不再发行本产品披露声明。VISN 可能修改本产品披露声明中的任何条款和条件。如果这项改变为费用和收费的增加，或其他任何对投资者不利或潜在不利的显著变化，我们将就新的产品披露声明发出通知。任何并无对投资者不利的更新信息将可通过 VISN 网站获得。Jurisdiction 司法管辖区This PDS is distributed by VISN to Global clients. The distribution of this PDS may be restricted incertain jurisdictions outside Australia. Should you gain access to this PDS in a restrictedjurisdiction, you should observe such restrictions. This PDS does not constitute an offer orsolicitation to anyone in any jurisdiction in which such offer is not authorized or to any person towhom it is unlawful to make such offer or solicitation. If you are a foreign client intending to dealor dealing with VISN, you should note:本产品披露声明是由 VISN 发布给全球客户。本产品披露声明于以外的某些司法管辖区内的发行可能受限制。如果您在受限制的管辖范围内获得本产品披露声明，您必须遵守此类限制。本产品披露声明对以下群体并不构成一项要约或招揽：1）于此类要约未获得授权的任何司法管辖区的任何人；或 2）向之提出要约或招揽及构成非法行为的任何人。如果您是个外国客户并打算或正在与 VISN 交易，您应注意：- the law governing your dealings with VISN is the law of New South Wales, A您与 VISN 的交易受到的法律管辖；- money which you deposit with VISN will be regulated by the St.Vincent Client Money Rand您于 VISN 的入金将会受客户款项规则所监管；及- VISN may require you to confirm your status as a person in your jurisdiction who is eligible todeal with VISN.VISN 可能要求您确认您在您所在的管辖范围内符合有资格与 VISN 做交易的身份。Application Process with VISN
账户申请流程Before you begin dealing in CFDs with VISN, in addition to reviewing the FSG and PDS you mustreview the Terms of Business and complete an Application Form and be approved by VISN.7在您开始与 VISN 进行买卖差价合约产品之前，除了阅读金融服务指引及产品披露声明外，您亦必须阅读业务条款和填写开户申请书并获得 VISN 批准。
Before starting the account opening process, you must read:在开户流程之前， 您必须阅读：- the Terms of Business业务条款- this PDS本产品披露指南- the Financial Services Guide [FSG]金融服务指引 (FSG)The documents are available on the Website or can be obtained by contacting us.该等文件可以在 VISN 网站查询或通过与我们联系获得The Application Forms require you to disclose personal information. You should refer to thePrivacy Policy in the Terms of Business which explains how VISN collects personal informationand then maintains, uses, and discloses that information.开户申请书要求您提供个人信息。你可以参阅业务条款里的隐私保障政策，该政策解释了VISN 如何收集客户的个人信息，及随后如何保存，使用和披露该信息。NO CASH Deposits or Internal Transfers 不接受现金存款或内部转账Please DO NOT initiate internal transfers or submit branch deposits (cash or check deposits)directly into our bank accounts. VISN can neither guarantee the receipt nor the return of cashdeposits made at a bank branch. Deposits that are made directly into our bank accounts arrivewith insufficient information, which will cause a significant delay in the allocation of funds toyour trading account. Branch deposits may be held by VISN for up to thirty days or longer beforebeing released as part of our due diligence process.切勿进行内部银行转账或于分行直接将款项(现金或支票存款)存入本公司的银行账户。VISN不保证能收到于银行分行存入的现金存款，也无法保证能否退回。直接存入本公司银行账户而资料不齐全的存款，会导致分配资金予阁下的交易账户时出现严重延误。如企图于分行直接将款项存入 VISN 账户，可能会导致阁下的存款因本公司的适当尽职审查程序而被扣留30 日或以上，然后才能被释放。No Third Party Payments
不接受第三方存款VISN does not accept funds for any trading account via a third party. We can neither guaranteethe receipt, nor the return of suchpayments. Please keep in mind that restrictions on third partypayments are set by banks and St.Vincent authorities, which have developedextensiveprocedures, regulations, and laws to stop the transfer of illegal funds, commonly known asmoney laundering.8VISN 不接受任何通过第三方到交易账户的存款。VISN 不保证能收到有关款项，也无法保证能否退回该款项。请记住，限制由银行和机构设定，它们发展了全面广泛的程序，法规及法律，以阻止通常被称为洗黑钱的非法资金转移。Terms of Business
业务条款The Terms of Business governs the contractual relationship between VISN and the client(including but not limited to the consequences ofevents of default). The Terms of Business setsout the basis on which transactions will take place and the obligations of both VISN and the clientwhen accessing and trading on the Trading Platforms. However, entering into the Terms ofBusiness does not itself constitute a tradeor in any way oblige you to enter into futuretransactions. This is always your decision. You must confirm via the Website that you accept theTerms of Business before you can enter into transactions with us.业务条款规制 VISN 与客户之间的合同关系（包括但不限于违约事件的后果）。业务条款规定了进行交易的基础及当访问交易平台及通过交易平台进行交易时，VISN 和客户的义务。然而，业务条款的签署本身并不构成一项交易或以任何方式迫使您于未来进行交易。这始终由您决定。您必须通过网站确定接受 VISN 的业务条款后才能与我们进行交易。VISN’s Terms of Business is incorporated by reference into this PDS and is available on ourWebsite. A paper copy is available free of charge on request.VISN 的业务条款 通过 引用 并入 本产品披露声明并可查询于 VISN 官网。应要求可提供免费纸质副本。Representations
声明CFDs offered on and from the date of this PDS are offered solely on the basis of the informationand representations contained in this PDS and the Terms of Business. No other information orrepresentation is authorized nor is any person authorized by the VISN Group to give anyinformation to clients or to make any representation other than any information orrepresentation contained in this PDS, the Terms of Business and the FSG.从本产品披露声明的发布日期起提供的差价合约产品仅根据包含于本产品披露声明及业务条款的信息及陈述提供予客户。VISN 集团并无授权其他信息或陈述及无授权任何人向客户提供任何信息或作出任何不包含于本产品披露声明、业务条款和金融服务指引的其他信息或陈述。
Consult Your Advisor 咨询您的顾问You should obtain independent financial, legal, taxation and any other professional adviceconcerning this PDS, the Terms of Business and the FSG.你应该获得有关本产品披露声明、业务条款及金融服务指引的独立的金融、法律、税务以及任何其他专业意见。VISN DOES NOT PROVIDE PERSONAL ADVICE
并不提供个人建议We only provide general financial product advice (‘general advice’). General advice underAustralian law can include information about VISN products and the underlying markets andVISN’s opinions about, or outlook for, VISN products. Any information you have requested about9VISN products and the markets, or have discussed with a VISN employee should only be regardedas general advice.VISN 仅提供金融产品的一般性建议(‘一般性建议’)。根据法律，一般性建议可以包括有关 VISN 产品和基础金融市场及 VISN 就 VISN 产品的意见或展望。任何您要求的关于VISN 的产品和市场的信息，或您与 VISN 员工讨论的内容都应仅被视为一般性建议。If you require personal financial product advice (‘personal advice’) specific to your particularfinancial situation, objectives or needs, you will need to speak to your financial adviser. VISNdoes not give personal advice.如果您需要针对您的具体财务状况、目标或需要的个人金融产品建议（“个人建议”），您将需要咨询您的财务顾问。 VISN 并不提供个人建议。Any discussions with VISN employees about his or her view of current or future marketconditions or prospects for a particular VISN Product should not be seen as personal advice, ashe or she will not have taken into account your particular financial circumstances,objectives orneeds. Rather, it should be regarded as general information for your consideration prior tomaking any decision to deal in anyVISN Product.任何您与 VISN 员工讨论的有关他或她就某特定 VISN 产品的目前或未来的市场状况或前景都不应该被视为个人建议，因为他或她并无考虑阁下的具体财务状况、目标或需要。相反，它应该被视为您考虑做出任何 VISN 产品的买卖的决定之前的一般信息。Updates, research reports, website content etc do not constitute personal advice. We do notprovide personal advice. Personal advice is advice which takes into account your objectives,financial situation or needs. You will therefore not receive a Statement of Advice from us.This means that when we provide general advice to you, the advice will not take into accountyour objectives, financial situation or needs.Therefore, you should, before acting on our general advice, consider the appropriateness of theadvice, having regard to your objectives,financial situation and needs. Accordingly we make nowarranties or guarantees in respect of the content. You should read and consider this PDS andconsider seeking independent advice before making any decisions and/or using the servicesoffered by VISN.行情，研究报告，网站内容等都不构成个人建议。我们不会提供个人建议。个人建议是将阁下的投资目标，财务状况或需要考虑在内的建议。因此您并不会收到我们建议的声明。这意味着，我们为您提供一般性建议时并无考虑阁下的投资目标，财务状况或需要。因此，在根据我们的建议行事前，您应该根据阁下的投资目标，财务状况或需要考虑该建议的。相应的，我们对有关内容不作任何保证或担保。在做出任何决定和/或使用由 VISN 提供的服务前，您应仔细阅读并考虑本产品披露声明及考虑寻求独立建议。Investors and traders should obtain professional financial advice based on their own particularcircumstance before making an investment decision on the basis of the general advice provided.While we ensure that all the information provided is kept up-to-date and accurate we accept noresponsibility for any use made of the information. Upon your acceptance of VISN’s Terms ofBusiness you warrant that communications between VISN and yourself will not be interpreted aspersonal financial advice and that any investment or trading decision(s) made by you is/are aresult of your own free will and choice .10根据提供的一般性建议做出投资决定前，投资者和应就他们自己特定的情况获得专业财务建议。虽然我们保证所有提供的信息是最新和最准确的，但是我们对于该信息的使用概不负责。一旦您接受了 VISN 的业务条款，即代表您保证 VISN 与您的通信都不被诠释为个人财务建议并且您所做的任何投资或交易决策都是您自己的自由意志和选择的结果。VISNmay collect personal or investment information from you to identify you and to administer youraccount. Collection of personal information does not imply that personal advice is given.VISN 可能会向您收集个人或投资信息以识别您的身份并管理您的账户。个人信息的收集并不意味着提供个人建议。Compliance with St.Vincent Financial Services License Financial Requirements 符合圣文森特和格林纳丁斯金融服务执照的财务要求VISN has established procedures in monitoring compliance with its license financial requirements.On a monthly basis, VISN review its Base Level Financial Requirements against its asset, liabilityand cash flow. This ensures that VISN holds sufficient funds to meet liabilities,the figure which isdetermined by IBC.VISN 已建立了符合其执照财务要求的监管流程。VISN 每月审查其资产、负债和现金流的基础层次的财务要求。这确保 VISN 保持充足的资金来满足负债，其数字由圣文森特和格林纳丁斯监察委员会(IBS)所确定。Additional Information on Website 网站的额外信息Should VISN offer additional platforms to trade CFDs, or other CFD related products VISN shallprovide a detailed description of such CFDproducts or platforms on VISN Website. You will beprovided notification of any additions.如果 VISN 提供了差价合约的额外交易平台或其他差价合约相关产品，VISN 应在官网上提供该等差价合约产品或平台的详细说明。我们将为您提供任何补充通知。REGULATORY GUIDE 227 – OVER THE COUNTER CONTRACTS FOR DIFFERENCE: IMPROVINGDISCLOSURE FOR RETAIL INVESTORS
CONTRACT FOR DIFFERENCE (CFD)
差价合约(CFD)Description of Contracts for Difference (CFD) 义 差价合约的定义 (CFD)CFDs are specialised OTC financial products that allow investors to trade with reference to avariety of different financial markets. CFDs are an agreement between two parties which allowyou to make a profit or loss by reference to fluctuations in the price of an underlying asset orother instrument, without actually owning the underlying asset. Because the value of the CFD isin part derived from the value of the underlying asset, a CFD is a derivative product.差价合约是专门的场外金融产品，让投资者参考多样的不同的金融市场进行交易。差价合约是交易双方达成一项协议，让您参考基础资产或其他金融工具的价格波动而获利或损失、而无需实际拥有基础资产的协议。由于差价合约的价值部分衍生自基础资产的价值，差价合约是一种衍生产品。Key Features of CFDs Offered by VISN Include:11VISN
提供的差价合约主要特征包括：o Contracts are non deliverable and some remain open until the position is closed. Others areclosed when the underlying reference asset expires.合约不可交割，且有些将会维持为未平仓，直至平仓。其他合同会在基础相关参考资产到期时关闭。o Contracts are traded between you and VISN and are not traded on any exchange.合约是 VISN 与您之间的交易且并非于任何交易所交易。o Contracts are non transferrable so that a CFD bought from VISN cannot be sold to anotherbroker, trader or market maker.合约不可转让，因此从 VISN 买入的差价合约是不能出售给另一位经纪商、交易者或造市商o CFDs are a product that provides the opportunity to profit (or incur loss) by dealing in theunderlying asset without having to actually own the underlying asset.差价合约是一项通过交易相关资产来提供盈利机会（或遭受亏损）的产品，而无须实际拥有相关资产。o A CFD broadly replicates the price movement of the underlying asset i.e. if the price of theunderlying asset changes, so will the value of the CFD.差价合约明显地复制基础资产的价格波动，即如果基础资产的价格发生变化，那么差价合约的价格也会改变。o Unlike contracts traded on an exchange, OTC products are not standardised. The terms of aCFD are individually tailored to the particular requirements of the parties involved in thecontract i.e. VISN and the client but subject to minimum contract values.与在交易所交易的合约不同，柜台交易的产品并未标准化。差价合约的条款分别针对所涉及的合约的当事人（即 VISN 和客户）的特殊要求，但是受限于最小合约价值。o Because you do not own the underlying asset itself, you have none of the rights associated withowning the underlying asset.因为您本身并不持有基础资产，所以您没有与持有基础资产相关的权利。o You can take both Long and Short positions.您可以开设多头和空头头寸o CFDs can be offered via dealing desk execution model or No Dealing Desk model.可以透过交易员平台执行模式或无交易员平台执行模式提供差价合约Applying to Trade with VISN 与 与 VISN
申请交易Before you begin trading in CFDs you must complete an Application Form and be approved byVISN. Before completing the Application12Form you should read this PDS, the Financial Services Guide (“FSG”) and the Terms of Business. Ifyou are trading in FX Contracts you must read and understand the FX Contracts PDS.在开始买卖差价合约之前，您必须完成填写申请表并获得 VISN 批准。在完成填写申请表前您应阅读本产品披露声明、金融服务指引(“FSG”)及业务条款。如果您正在交易外汇合约，您必须阅读及明白外汇合约产品披露声明。Opening a CFD 立 开立
差价合约A position is opened by either buying (going Long) or selling (going Short) a CFD.「买入」或「卖出」一份差价合约时即会开仓。BUYING - If you expect an instrument to rise in value, you buy.买入 – 如果您预期某金融工具价值将上涨，则买入差价合约。SELLING - If you expect an instrument to fall in value, you sell.卖出 – 如果您预期某金融工具价值将下跌，则卖出差价合约。Closing a CFD 闭 关闭
差价合约You close a CFD by right clicking on the position and selecting “Close Trade” within the VISNTrading Stations.在 VISN 交易平台您可通过点击报价窗口并选择“卖出平仓” 以关闭差价合约。Contract Expiration
合约到期日All Index CFD positions wi they are closed by the client, closed by VISN dueto expiration, or the position is liquidated due to insufficient Usable Margin to support the openposition.所有指数差价合约的持仓将会一直维持为未平仓，直至客户将该持仓平仓、或由于到期日被VISN 平仓、或由于可用保证金不足以维持开仓部位而被强制平仓为止。Contract/Trade Size 约 合约 /
交易单位VISN utilises a lot based trading system, therefore you are only able to trade in the ‘MinimumTrade Size’ or multiples thereof. Whenever a trade is opened a “tick” or “pip” value is associatedwith each lot to provide precise profit and loss calculations in real time. The pip cost associatedwith each instrument automatically converts your profit or loss into the currency of your account,thereby, negating any risk in adverse currency fluctuations.VISN 采用以「一手为基础」的交易系统，因此你仅能以“最小交易单位”或其倍数进行交易。当开设一个交易，每手交易量都会伴随着“价位”或“点子”数值以实时提供精确的盈利或亏损结果。每个金融工具伴随的点子成本自动将您的盈利或亏损转换为您账户的结算货币，从而，消除不利汇率波动的风险。Pricing
报价CFD prices are derived by referencing the underlying futures instrument. Specifically, for IndexCFD products, the quoted price is based on referencing the relevant underlying index futures13price, whilst taking into account fair value. Fair Value is the difference between the futuresmarket and the cash market taking into consideration dividends for constituent stocks andinterest rates. For Commodity CFD products, the VISN price is based on the relevant futures priceplus VISN’s markup. CFD prices that are available on Trading Station include VISN’s markup.差价合约的价格是通过参考基础期货工具衍生而来。具体而言，就指数差价合约的产品，报价是基于参考相关基础指数期货价格，同时考虑公允价值。公允价值是将可分红股票和利息率考虑在内的期货市场和现金市场的之间的差额。对于商品差价合约的产品而言，VISN 的报价是基于相关期货价格加上 VISN 的标高点子。交易平台显示的差价合约价格包含VISN 标高点子在内。Under the dealing desk execution model, VISN act as the market maker. In such a situation, youshould be aware that VISN’s interests may be in conflict with yours and VISN may make moremoney if the market goes against you. This is further discussed in the FX PDS Part1.透过交易员平台执行模式，VISN 会作为市场庄家。在这个模式下，您应该知道， VISN 可能会与您有利益冲突，且当市场对您不利时 VISN 可能会赚更多的钱。外汇合约产品披露声明中第一部分将会详细讨论。For products traded via No Dealing Desk execution model (“NDD”), VISN provides execution viastraight through processing. In this model,VISN passes on to its clients the best prices that areprovided by VISN’s liquidity providers with a small markup which acts as VISN’s compensation.VISN’s liquidity providers, which include global banks, financial institutions, and other marketmakers, compete to providethe VISN affiliate with Bid and Offer prices. Under this executionmodel, VISN does not take a market position, which eliminates a major conflict of interestbetween VISN and trader. When you place a trade, it is hedged back to back with an VISNaffiliate which in turn hedges with the liquidity provider. Liquidity providers do not see yourstops, limits, and entry orders. There is also no dealer confirmation.Under NDD however, theremay be certain limitations to liquidity that can affect the final execution of your order.VISN 透过直通式处理方式(或无交易员平台执行模式)为买卖产品提供交易执行。在这个执行模式之下，VISN 向客户提供的报价是 VISN 流通量提供者所给予的最佳价格另加细小的标高点子，而这就是 VISN 的报酬。VISN 的流通量提供者，包括环球银行、金融机构和其他市场庄家，竭力为 VISN 联属公司提供最佳买入价和最佳卖出价。在这个执行模式之下，VISN 并无参与坐盘交易，从而消除了 VISN 与交易者之间的主要利益冲突。当您进行交易时，交易将会与一家 VISN 联属公司进行对冲，而其继而将会与流通量提供者进行对冲。流通量提供者并无看到您的止损、限价和挂单。同时这也无交易员确认。然而在无交易员平台执行模式下，若干流通量限制可能会影响阁下指令的最终执行。Pip
点子At VISN, in CFD trading, price movements are measured in pips, like ticks which are used tomeasure price movements in many otherfinancial instruments.在 VISN 的差价合约交易中，用点子来衡量价格波动，如同用价位来衡量很多其他金融工具的价格波动。
What is Pip Cost? 是 什么是
点值？14The pip cost is the monetary value of a pip in terms of the currency in which the account isdenominated.点值是一个点子以账户计算的货币价值。EXAMPLE: For USD-denominated accounts, the pip cost is expressed in USD per lot.例如： 对于账户而言，点值表示为每手的美元价值。The Gross Profit/Loss (“P/L”) column displays the value of the profit or loss expressed in terms ofaccount currency. It is determined by taking the profit or loss in pips (P/L) and multiplying it bythe value of a pip (Pip Cost).总盈利/亏损(“盈/亏”)栏显示的盈利值或亏损值乃以账户为单位。通过获得盈利/亏损(“盈/亏”) 的点子数乘以点子价值（点值）来确定。EXAMPLE: For USD-denominated accounts, the Gross P/L is expressed in terms of USD.例如：对于账户而言，盈利/亏损的货币单位为美元。Your Margin Obligations to VISN 对 您对 VISN
的保证金义务The Margin you need when you open a FX Contract or CFD with VISN当您与 VISN 开立外汇合约或差价合约时，你需要缴纳保证金。CFDs offered by VISN will be subject to Margin Requirements i.e. clients must deposit funds forsecurity/margining purposes. Accordingly,you are responsible to meet all Margin Requirementsrequired by VISN.VISN 提供的差价合约将会被保证金要求约束，即客户必须为了安全/保证金的目的而存入资金。因此，您有责任满足 VISN 要求的所有保证金要求。When you enter into a CFD with VISN and while that transaction remains open you need to havesufficient Usable Margin in your account to satisfy the Used Margin amount for the relevantnumber of FX Contracts or CFDs you hold. Examples of the calculation of the MarginRequirement are listed below. You should refer to the current Margin percentages perinstrument which are listed on the VISN Trading Platforms.如果您与 VISN 签订差价合约，当交易处于开仓状态时，您的账户需要有足够的可用保证金以满足您持有的相关数量的外汇差价合约或差价合约所需的占用保证金金额。保证金要求计算示例如下。您应该参考列于 VISN 交易平台中的每个金融工具的当前保证金比例。The VISN Trading Stations will calculate in real time both the Margin Requirement and theremaining Usable Margin in your Account. You can see them stated in the accounts window ofthe VISN Trading Stations under the columns “Usd Mr” (Used Margin), and “Usbl Mr”(UsableMargin). When trading on Trading Station, if the Usbl Mr column reaches zero, a Margin Call willbe applied on the Account, and all open positions will be triggered for liquidation.VISN 交易平台将实时计算您账户的保证金要求和剩余可用保证金。您可在 VISN 交易平台的账户窗口查看，列于“占用保证金” 和 “可用保证金” 栏之下。当于交易平台进行交易时，15如果您的可用保证金一栏变为 0 时，您的账户将会触发追加保证金，并且所有的开仓部位将被强制关闭。Q. What is Used Margin?问：什么是占用保证金A. Margin is the amount that you must have in your Account to maintain any open positions withVISN.答：保证金是您 VISN 账户中必须用来维持任何开仓部位的金额。The level of Margin required to maintain your open positions is called the &Used Margin&.用来维持阁下的开仓部位所需的保证金水平被称为“占用保证金”。Margin Requirements can fluctuate from intraday, to overnight, to over the weekend. Pleaserefer to the VISN Trading Station Platform for current levels of Margin Requirements.日内，隔夜，直至周末，保证金要求均可能有所波动。请参阅 VISN 交易平台以了解保证金要求的目前水平。Q. What is my Usable Margin?问：什么是可用保证金A. Usable Margin is the funds available for entering new positions. It is also the amount of fundsyou have until open positions in your Account are liquidated or closed out by VISN.答：可用保证金是可用于开立新仓的资金。它也是阁下账户中的开仓部位被 VISN 强制平仓或关闭前，阁下账户拥有的资金数额。Your &Usable Margin& is the difference between:您的“可用保证金”是以下两种数值的差额，即：- Your Account E and 您的账户净值；- Any Used Margin set aside to fund open positions.用于维持开仓部位而被划开的任何占用保证金。Usable Margin = Account Equity - Used Margin可用保证金= 账户净值-占用保证金Margin Call
追加保证金16If you open a CFD position and it moves against you and your Usable Margin falls to “0”, yourAccount will be placed on Margin Call and allpositions will be triggered for liquidation or closingout by VISN at the next available price.如果您建立差价合约的开仓部位，且其价格变动不利于您，当您的可用保证金跌至零时，您的账户将需要被追加保证金且所有开仓部位将会于下一个可得价格被 VISN 强制平仓或关闭。If Account Equity falls below Margin Requirements, the MT4 system for instance will trigger anorder to close some of the open positions. If the Usbl Mr column reaches zero, the positions withthe largest losses will be closed first in order to free up additional Margin. The Margin Callprocess is entirely electronic. VISN will notify you via email when you are close to receiving amargin call. Whilst VISN makes every effort to notify you as soon as possible, email notification isnot sent in real time. So you may not always receive email notification prior to liquidation. This iswhy VISN recommends that you use the trading platform as a primary means of monitoring andmanaging your open positions and obligations.例如，如果账户净值跌至低于保证金要求， MT4 系统将会触发指令以关闭部分持仓。如果可用保证金一栏跌至 0 时，遭受最大亏损的持仓将会首先被平仓以释放额外保证金。追加保证金是完全电子化的过程。当您接近于追加保证金时，VISN 将会电邮通知您。尽管 VISN竭尽全力并尽可能迅速地通知您，但电邮通知并非实时发送。所以在平仓前你可能并不总是能收到电邮通知。因此，VISN 建议您使用交易平台作为您的监控和管理您的开仓部位和保证金义务的主要手段。It is your responsibility to actively monitor and manage your open positions and your obligations,including ensuring that you meet your Margin Requirement and the Usable Margin exceeds “0”.It is also your responsibility to ensure you are aware of any changes in the Margin Requirementor where the Usable Margin is approaching “0”. VISN is under no obligation to contact you in theevent of any change to the Margin Requirement.您有责任 积极监控和管理开仓部位和保证金义务，包括确保您满足保证金要求及可用保证金大于 0。您亦有责任确保您知道有关保证金要求的任何变动或了解可用保证金正在接近 0。VISN 并无义务通知您有关保证金要求的任何变动。You may increase the amount of Usable Margin available in your Account by:您可以通过以下方式增加您账户的可用保证金金额：- Closing out or reducing one or more of your open position(s) in order to reduce your UsedM and/or关闭或减少一个或多个开仓部位，以减少您的占用保证金金额；和/或- Depositing additional funds into your Account.在您的账户中存入额外的资金。If you choose to deposit additional funds into your Account, these additional funds must beCleared Funds before they will be available.17如果您选择在您的账户中存入额外的资金，这些额外的资金必须被结算后才能被计入账户净值余额。These steps may not be necessary if there is an increase in the value of your open positions dueto a further market fluctuation.如果您的开仓部位的价值由于进一步的市场波动而增长，那么这些步骤可能是非必要的。For example: you opened a long (buy) position in a CFD, and the price of the CFD subsequentlyfell. As a result, your Usable Margin available is close to reaching “0” and you decide to increasethe Usable Margin available by closing out your long position at a lesser price (thereby reducingyour Margin Requirement), and depending on the amount of Used Margin for the original longposition, that amount would then be available for Usable Margin i.e. it is no longer required tofund an open position.例如：您就差价合约开立长仓（买入），并且差价合约的价格随后下降。结果，您的可用保证金接近于“0”，且您决定以较低的价格关闭您的长仓（从而减少您的保证金要求）以增加可用保证金，及根据原来的长仓的占用保证金金额，该金额将转为可用保证金，即不再作为维持开仓部位所需的金额。VISN does not represent or warrant, or give any assurance that your open positions will be closedout at any particular level. Accordingly,your losses may be higher than what they would havebeen had VISN exercised its right to place a liquidation order.VISN 对您的开仓部位将于某一特定水平被关闭不做声明或保证，或给予任何担保。因此，您的损失可能多于由 VISN 行使其发出强制关仓指令的权利而导致的损失。Furthermore, you will be liable for all losses incurred, despite VISN having had the right to closeout your position at a time before you incurred those additional losses. Any such loss may resultin you losing all moneys that you have deposited in your Account with VISN,and Traders shall atall times be liable to VISN for any debit balances in your account(s).此外，尽管 VISN 有权在您遭受该等额外损失前的某时间关闭您的仓位，您应对产生的所有损失承担责任。任何该等损失可能导致您失去您已存入 VISN 账户的资金，并且在任何时候都有责任向 VISN 偿还阁下账户的负数余额。
While VISN will notify you when your account is close to receiving a margin call, it is nonethelessyour responsibility to ensure that your Usable Margin does not fall below the Margin Call triggerlevel of “0”, and to ensure that you do not rely on VISN to close out your positions should theybe nearing, or exceed, the Margin Call level. You may do this by reviewing your Account detailson the VISN Trading Stations with a view to monitoring your Usable Margin, bearing in mind thatany additional funds that you deposit into your account will not contribute towards your AccountEquity balance until those funds become cleared funds. You may also contact our Client ServicesDepartment should you have any queries about your current Margin Requirement obligations.虽然 VISN 会在您的账户即将触发追加保证金时通知阁下，但尽管如此，您有责任确保您的可用保证金不低于追加保证金触发水平“0”，并确保您不依赖于 VISN 在阁下的账户正接近或超过追加保证金水平时将阁下的持仓部位强制平仓。您可通过 VISN 交易平台查看您的账户18信息以便监测您的可用保证金。请谨记，您存入账户中的任何额外资金在结算前都不会被计入您的账户净值余额。当您对您现有保证金要求的义务有任何疑问，您可以联系我们的客户服务部门。VISN must process all margin calls on CFD positions manually. Depending on market conditions,this could mean that the final price you receive is a significant number of pips away from theprice that triggered your margin call. If your account contains open positions for both CFD andforex at the time a margin call is triggered it is possible that only your forex positions will beliquidated. This would only occur in situations where the underlying reference market for yourCFD positions is closed, and the liquidation of your forex positions satisfied your margin call.VISN 必须手动处理差价合约中任何追加保证金。市况而定，这可能意味着您收到的最终价格与触发追加保证金的价格相距多个点子。若客户的账户在触发追加保证金时同时拥有差价合约及外汇的开仓部位，有可能只会将阁下的外汇开仓部位强制平仓。该种情况只会在阁下差价合约仓位的相关参考市场收市且外汇持仓被强制平仓后能满足保证金要求时才发生。Please note that MT4 users are subject to different margin call procedures. When a margin call istriggered on the account individual positions will be liquidated until the remaining equity issufficient to support existing position(s). In deciding what positions will be individually liquidatedthe largest losing position will be closed first during liquidation.请注意，MT4 用户将会受不同的追加保证金程序所规限。当账户触发追加保证金时，个别持仓将会被自动结算，直至余下的净值足以支持现有持仓为止。在厘定哪些持仓将会被个别自动结算时，最大亏损持仓将会在自动结算时被首先平仓。The MT4 platform does not allow VISN to include commissions in pre-trade margin calculationson clients’ pending orders. This means that if you place a trade with a small amount of availableusable margin under the MT4 account, there is a risk that the execution of the orders couldtrigger immediate margin call right after the execution as the commission charges can result ininsufficient margin to maintain your open positions. You should therefore ensure that you havereserved sufficient buffer usable margin before opening new trades.MT4 平台并不能够让 VISN 在客户的挂单指令上将佣金包含在交易前的保证金计算中。这意味着如果您在 MT4 账户中在只有少量可用保证金的情况下进行交易，由于佣金收费可能导致保证金不足以维持您的开仓部位，有可能造成订单的执行会在执行后立即触发追加保证金通知的风险。因此，您应该在建立新交易之前确保您已经预留了足够的额外可用保证金。
Changes in Margin Requirement
保证金要求的更改According to the Terms of Business, VISN reserves the right to modify at its discretion the marginrequirement of any FX Contract or CFD at any time. This, in turn, modifies your Used Margin. Forcurrent details of the Margin Requirements we refer you to the VISN Trading Platforms.根据业务条款，VISN 保留其绝对酌情权在任何时候修改任何外汇合约或差价合约的保证金要求。转而，这将改变您的占用保证金。对于当前保证金要求的详情，我们推荐您查阅 VISN交易平台。Conflicts of Interest
利益冲突19VISN, its associates or other persons connected with VISN may have an interest, relationship orarrangement that is material in relation to any CFD entered into with VISN, or advice provided byVISN.VISN，关联企业或其他与 VISN 有联系的人士可能就与 VISN 交易的差价合约或由 VISN 提供的建议存在利益、有联系或有重大合作安排。When VISN acts in the capacity of a market-maker when you trade CFDs, you will be trading CFDsdirectly with VISN, and not on any financial market. As a market-maker, VISN sets the prices thatrefer to, but may not always be the same as, those provided by other market makers. VISN willalways act as a principal, not as an agent, for its own benefit in respect of all CFDs with you.如果您在进行差价合约交易时，VISN 以市场庄家行事，那么您将直接与 VISN 进行差价合约交易，而不是与任何金融市场。作为市场庄家，VISN 参考其他市场庄家提供的价格而设定价格，但可能不总是与之相同。就所有与您交易的差价合约，VISN 将作为主事人（而非经纪商）代表其自身利益行事。
VISN may also provide execution via No Dealing Desk execution when you trade CFD’s. In themodel, VISN passes on to its clients the best prices that are provided by VISN’s liquidity providerswith a small mark-up which acts as VISN’s compensation. VISN’s liquidity providers, whichinclude global banks, financial institutions, and other market makers, compete to provide theVISN affiliate with Bid and Offer prices. Under this execution model, VISN does not take a marketposition, which eliminates a major conflict of interest between VISN and trader. When you placea trade, it is hedged back to back with an VISN affiliate which in turn hedges with the liquidityprovider.当您交易差价合约时，VISN 也可以通过无交易平台执行模式提供执行。在这个执行模式之下，VISN 向客户提供的报价是 VISN 流通量提供者所给予的最佳价格另加细小的标高点子，而这就是 VISN 的报酬。VISN 的流通量提供者，包括、金融机构和其他市场庄家，竭力为 VISN 联属公司提供买入价和卖出价。在这个执行模式之下，VISN 并无参与坐盘交易，从而消除了 VISN 与之间的主要利益冲突。当您进行交易时，交易将会与一家 VISN 附属公司进行对冲，而其继而将会与流通量提供者进行对冲。
交易时间VISN Index CFD trading hours is based on when their underlying reference markets are open.VISN indices will not be open for trading during holidays in which the reference markets areclosed. You may also note that some indices have an intraday break in addition to a daily closing.During these times you will not be able to place stop and limit orders, close existing positions oropen new ones. All trading functionalities will cease during intraday breaks, after the dailyclosing and upon the end of the week’s close.VISN 指数差价合约的交易时间是根据其相关参考市场的开市时间而制定的。于基础市场休市时的假期期间，将不能交易 VISN 的指数产品。此外，请注意，除每日收市时间外，部份指数亦有每日休市时间。在这段时间，您将不能建立止损单及限价单，关闭现有仓位或建立。在每日休市时间，每日收市后及周末收市后，所有交易功能将暂停运作。
VISN aims to open and close markets as close to the posted trading hours as possible. However,the lack of liquidity at or around market open and close for any CFD instrument can impedeexecution and price delivery. VISN may delay market open or bring forward market close onspecific instruments in an effort to protect clients from quoted prices or executions that are notrepresentative of the true market price.VISN 旨在尽可能贴近所刊载的交易时间开市和收市。然而，在或大约在任何差价合约工具的市场开市和收市时会因为缺乏流通量而可能阻碍执行和报价。VISN 可能会就特定金融工具延迟开市时间或提前收市时间，以尽力令客户避免获取不能代表真实市价的报价或执行。
Since liquidity at, or around market open/close for any CFD instrument can be very thin, tradersare advised to use extreme caution around market open and close and to utilize VISN’s basic andadvanced orders types to mitigate execution risk. Based on the illiquidity illustrated during thesetime periods traders using market orders can experience slippage, or gapping in prices that canhave material impact on your final execution price.由於，在或大约在任何差价合约工具的市场开市/收市时流通量可能会十分之低，我们建议在市場開市和收市時采取极其审慎的态度，以及使用 VISN 的基本及进阶指令类别降低执行风险。根据此段期间内所呈现流通量不足的情况，若使用市价单可能会遇到滑点或价格跳空，而这可能会对阁下的最终执行价格造成重大影响。
Contract/Trade Size 约 合约 / 易 交易
单位VISN utilizes a ‘lot based’ trading system. Therefore, you are only able to trade in the ‘MinimumTrade Size’ or multiples thereof.Whenever a trade is opened, a tick or pip cost is associated witheach lot to provide precise profit and loss calculations in real time.The tick or pip cost associatedwith each instrument automatically converts your profit and loss into the currency of youraccount,therefore, negating any currency fluctuation risk.VISN 采用以”一手为基础”的交易系统，因此，您只能按「最小交易单位」或其倍数进行交易。每建立一张单子，每手的价位值或点值都会显示，以提供准确的实时盈亏计算数值。每种金融工具相关的点值将会自动把您的盈亏换算为账户货币，因此，消除了货币波动的风险。
点值As profit and loss is converted into the account currency, a pip cost is associated with eachproduct. For example, if the trading account is dominated in AUD then all of the profit and losswill be calculated in AUD. If you traded the UK 100 (which is priced in GBP),VISN shallautomatically convert profit and loss into AUD. The PIP cost details the conversion rate, which, inthis case would be the GBP/AUD exchange rate. If 1 lot of the UK 100 was being traded, and if22the GBP/AUD exchange rate was 1.6400, then the pip cost would be 0.1640 converting allprofit/loss from the UK100 trade into AUD. The pip cost on display in the Trade Station shows thecost per point for a single contract traded.由于盈亏会转换为账户货币，每种产品都有一个点值。例如，假如交易账户以作为结算货币，则所有盈亏均会以进行计算。假如客户买卖 UK100(以定价)，VISN 会自动将盈亏转换为。点值详列兑换率，在本例子中，亦即/澳元的汇率。假如英镑/澳元的汇率为 1.6400，点值就会是 0.164，并以此将 UK100 的所有盈/亏转换为。点值显示于 VISN 交易平台之上，代表单张合约的每点价值。
Minimum Spread 最低买卖差价This is the tightest spread (smallest difference between our sell and buy price) VISN will display inits pricing.这是 VISN 所显示的最低(卖出及买入价之间的最小差额)定价。
Dividends 股息Applicable to most cash indices, dividend payments will be applied as debit/creditalong with the rollover to your open positions. On the Trading Station platform, you may refer tothe specific dividend column for the dividend payments (upcoming daily dividends adjustmentscan be seen in the “Div S” and “Div B” columns, seeDiagram 1). Adjustments will apply on theeve of the ex-dividend date of the constituentmembers of the relevant Index. The adjustmentamounts will appear in the separate adjustmentcolumn on your statement.股息适用于大部份现金指数，股息款项将会以负数/正数的方式连同持有开仓部位的过夜利息一并计算。关于股息，您可以参考 VISN 交易平台 II 上具体的股息栏（在“售出红利”和“买入红利”栏中可以看到即将进行的每日红利调整，请参阅图 1）。有关调整将于有关指数成份股的除息日之前作出。该项调整金额将会显示单上的单独的调整列中。
When equity goes ex-dividend, the price of that equity theoretically decreases by the dividendamount. In practice, this does not always happen as there are many market forces affecting anequity price. The amount of points an index cash CFD drops by is dependent on the weighting ofthe equity within the index. If more than one constituent equity of an index CFD goesex-dividendon the same day, the amount of points each equity will theoretically cause the sector or index todrop by is added together to calculate the total amount of dividend points or ‘drop points’. VISNwill either collect or pay dividends on the hedge positions that we have entered into againstclient issued CFDs.当时，理论上该股票价格的下降幅度将会相当于股息金额。实际上，鉴于有种种市场力量影响股价，故情况往往并非如此。指数现金差价合约的下降点数乃该指数内的股票比重而定。假如在同一日指数差价合约内有多于一只除息，理论上每只股票导致有关界别或指数下降的点数将会相加，从而计算出股息点数或「下降点数」的总额。VISN 会就本身因应客户已建立的差价合约所建立的对冲持仓而收取或支付股息。
Where an index is a Total Return Index, dividend payments will not be credited/debited.23假如指数为一项总收益指数，便不会存入/扣除股息款项。An example of a total return index is the GER 30 where the cash disbursements are reinvestedback into the index其中一个总收益指数的例子为 GER 30，这个指数所收取的现金将会重新投资于该指数内。
1.7.1 Final Thoughts on Credits and Debits正数及负数的总结Please note that the Roll S and Roll B displayed in the dealing rates window are the costs percontract. Since such is the case,the clients will pay or earn whatever the charge is, times the sizeof the position the client is holding.请注意，报价窗口所显示的卖出过夜利息及过夜利息为每张合约的成本，因此，客户将支付或收取的款项是有关收费乘以客户的持仓规模。
Example: 例子o Client is long 100 US 30.客户买入 100 张 US 30 的合约o Current Roll (B) is -0.17 (as displayed in the dealing rates window).当前的（买入）过夜利息为-0.17（报价窗口所示）o Assuming the client is a holder of this position through 17:00 (NY Time), they will be assesseda charge of $17.00 for that particular trading day.假设客户持有此持仓至 17:00(纽约时间)过后，他们便会就该特定交易日而被收取 17.00 澳元的费用。
Cash Index Contract Expiration 现金指数合约到期All cash index positions will remain open until they are closed by the client or the position isliquidated due to insufficient margin to support the open position.所有现金指数持仓将会一直维持为未平仓，直至客户将该持仓平仓，或因为保证金不足以维持开仓部位而被强制平仓为止。
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