FX

Symbol	Spread as low as†	IM Factor (Margin Req)	AM Financials Trading Hours	†† Tick Factor	Example Price	Lot Size of Underlying Market	Guaranteed Stops (charge / min. distance)	Last Update
AUD/CAD	4	1%	24-hour	.0001	0.9089	AUD100,000		01/02/2010
AUD/HKD	19	1%	24-hour	.0001	4.9803	AUD100,000		01/02/2010
AUD/JPY	2	1%	24-hour	.01	59.81	AUD100,000	4 / 50	01/02/2010
AUD/NZD	8	1%	24-hour	.0001	1.2142	AUD100,000	6 / 50	01/02/2010
AUD/USD	2	1%	24-hour	.0001	0.6418	AUD100,000	3 / 40	01/02/2010
CHF/JPY	2	1%	24-hour	.01	76.24	CHF100,000	5 / 100	01/02/2010
EUR/AUD	1	1%	24-hour	.0001	5.0288	EUR100,000	8 / 75	01/02/2010
EUR/CAD	5	1%	24-hour	.0001	1.4042	EUR100,000	8 / 50	01/02/2010
EUR/CHF	1	1%	24-hour	.0001	1.5708	EUR100,000	3 / 65	01/02/2010
EUR/CZK	35	1%	24-hour	.001	28.031	EUR100,000		01/02/2010
EUR/GBP	1	1%	24-hour	.0001	0.6844	EUR100,000	3 / 30	01/02/2010
EUR/HKD	25	1%	24-hour	.0001	9.9256	EUR100,000		01/02/2010
EUR/HUF	10	1%	24-hour	.01	260.7	EUR100,000		01/02/2010
EUR/JPY	2	1%	24-hour	.01	144.46	EUR100,000	3 / 75	01/02/2010
EUR/PLN	16	1%	24-hour	.0001	3.8456	EUR100,000		01/02/2010
EUR/SEK	42	1%	24-hour	.0001	9.3441	EUR100,000		01/02/2010
EUR/USD	1	1%	24-hour	.0001	1.2246	EUR100,000	3 / 50	01/02/2010
EUR/ZAR	48	1%	24-hour	.0001	7.7197	EUR100,000		01/02/2010
GBP/AUD	2	1%	24-hour	.0001	2.4131	GBP100,000	12 / 100	01/02/2010
GBP/CAD	6	1%	24-hour	.0001	2.0526	GBP100,000	10 / 85	01/02/2010
GBP/CHF	1	1%	24-hour	.0001	2.2762	GBP100,000	5 / 100	01/02/2010
GBP/HUF	29	1%	24-hour	.01	380.94	GBP100,000		01/02/2010
GBP/NOK	43	1%	24-hour	.0001	11.2977	GBP100,000		01/02/2010
GBP/NZD	10	1%	24-hour	.0001	2.7742	GBP100,000	20 / 100	01/02/2010
GBP/PLN	31	1%	24-hour	.0001	5.6175	GBP100,000		01/02/2010
GBP/SEK	55	1%	24-hour	.0001	13.4584	GBP100,000		01/02/2010
GBP/SGD	9	1%	24-hour	.0001	2.9224	GBP100,000		01/02/2010
GBP/USD	2	1%	24-hour	.0001	1.8656	GBP100,000	3 / 75	01/02/2010
GBP/ZAR	95	1%	24-Hour	0.0001	13.9676	USD 100,000		01/02/2010
HKD/JPY	116	1%	24-hour	.0001	15.0228	HKD100,000		01/02/2010
NOK/SEK	13	1%	24-hour	.0001	1.1929	NOK100,000		01/02/2010
NZD/CAD	2	1%	24-hour	.0001	0.7106	NZD100,000		01/02/2010
NZD/CHF	4	1%	24-hour	.0001	0.7672	NZD100,000		01/02/2010
NZD/JPY	3	1%	24-hour	.01	69.86	NZD10,000		01/02/2010
NZD/SEK	30	1%	24-hour	.0001	4.7372	NZD10,000		01/02/2010
NZD/SGD	2	1%	24-hour	.0001	1.0031	NZD100,000		01/02/2010
NZD/USD	3	1%	24 hour	0.0001	0.5333	NZD10,000	3 / 30	01/02/2010
SGD/JPY	2	1%	24-hour	.01	72.35	NZD100,000		01/02/2010
USD/CAD	2	1%	24-hour	.0001	1.1003	USD100,000	3 / 40	01/02/2010
USD/CHF	2	1%	24-hour	.0001	1.2201	USD100,000	3 / 50	01/02/2010
USD/CZK	22	1%	24-hour	.001	20.285	USD100,000		01/02/2010
USD/DKK	19	1%	24-Hour	0.0001	6.1309	USD 100,000		01/02/2010
USD/HKD	21	1%	24-hour	.0001	7.7756	USD100,000		01/02/2010
USD/HUF	21	1%	24-hour	.01	215.45	USD100,000		01/02/2010
USD/JPY	1	1%	24-hour	.01	118.86	USD100,000	3 / 50	01/02/2010
USD/MXN	56	1%	24-hour	.0001	11.0139	USD100,000		01/02/2010
USD/PLN	21	1%	24-Hour	0.0001	2.8244	USD 100,000		01/02/2010
USD/SEK	34	1%	24-hour	.0001	7.3339	USD100,000		01/02/2010
USD/SGD	2	1%	24-hour	.0001	1.5688	USD100,000		01/02/2010
ZAR/JPY	210	1%	24-hour	.0001	15.7619	ZAR100,000		01/02/2010

*PLEASE NOTE THAT EXOTIC PAIRS ARE PRONE TO WIDER SPREADS OUTSIDE OF NORMAL MARKET CONDITIONS.

Our FX CFDs are a special form of CFD which give you exposure to underlying exchange rates BUT they are cash-settled,
so they cannot result in delivery of the underlying currency.

† As low as pricing is based on minimum pricing data from the 4 previous weeks. Last updated: 2/1/2010 4:09:49 PM GMT. Spreads may fluctuate during times of market volatility.

All of AM Financials ' FX markets are based on the spot FX markets. For more details on how these markets work, please see Examples.

Our currency markets are traded 24 hours. Any trades not closed out by approximately 17:00 ET time will be subject to a finance adjustment (credit or debit).

Finance adjustments are made to trades held overnight (i.e. after 17:00 ET time) on rolling markets. For trades on currencies, this is calculated as follows:

f = (s x p x r) / d

where

f = daily financing charge

s = the number of CFDs you hold in the 2nd currency

p = roll-over price (the AM Financials mid-price at 17:00 ET time that day)

r = differential of relevant overnight LIBOR rate of 1st named currency and that of 2nd named currency.

d = number of days, i.e. where the 2nd named currency is GBP or AUD we use 365 days. Otherwise we use 360 days.

If the first currency has a higher interest rate, then you are credited interest for running a long position and debited interest for running a short position.

If the first currency has a lower interest rate, then you are debited interest for running a long position and credited interest for running a short position.

A quick way to work out potential profit is to think of the value of one "pip", i.e. for GBP/USD, for 100,000 CFDs each pip has a value of $10)

Interest Rates used for Overnight Finance Adjustments

Finance adjustments apply to open positions at 17:00 ET.

Currency	Rate Used
AUD CAD CHF CZK DKK EUR GBP HKD HUF JPY MXN NOK NZD PLN SEK SGD SKK USD ZAR	BBA LIBOR Spot Next BBA LIBOR Overnight BBA LIBOR Spot Next PRIBOR Overnight BBA LIBOR Spot Next BBA LIBOR Overnight BBA LIBOR Overnight HIBOR Overnight BUBOR Overnight BBA LIBOR Overnight Mexican Overnight T-Bill rate NIBOR One Week BBA LIBOR Spot Next Rate Warsaw Interbank Offer Rate Overnight Stockholm Interbank Offered Rate Tom/Next Association of Banks in Singapore SIBOR 1 Month Slovak Refinancing Overnight rate BBA LIBOR Overnight Johannesburg Interbank Agreed Rate 1 month	BBA = British Bankers' Association LIBOR = London Interbank Offered Rate NIBOR = Norway Interbank Offered Rate SIBOR = Singapore Interbank Borrowing Rate PRIBOR = Prague Interbank Offered Rate HIBOR = Hong Kong Interbank Offered Rate

Minimum / Maximum Trade Sizes

Maximum trading sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by AM Financials as "out of hours", i.e. outside of regular trading hours.

The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP.

Restrictions may be applied to maximum trade sizes whether opening or closing.

The lot size of the corresponding underlying market is provided for your information, as a guide to minimum market trading size.

When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share,
you are trading in US dollars per one cent movement.

Trading Hours

Times shown are AM Financials ' usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies.

Unless indicated otherwise, times shown are Eastern time.

Our normal dealing hours are from 17:00 ET Sunday to 17:00 ET on Friday.

Spreads

The spreads shown may vary according to underlying market liquidity, or in "fast markets".

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FX

Interest Rates used for Overnight Finance Adjustments

Minimum / Maximum Trade Sizes

Trading Hours

Spreads