MARGIN TABLE
Dated 26 September 2011


MARGIN TABLE FOR STANDARD FIXED, STANDARD FLOATING, VIP FIXED AND VIP FLOATING ACCOUNTS

Cash Accounts in USD

MARGIN TABLE FOR PRESTIGE  ACCOUNTS

Cash Accounts in USD

* the change of the leverage results in recalculating the margin level on opened positions in accordance with new rates

Comments:

1. Financial instruments should be recognized as currency financial instruments (excluding EURRUB, USDRUB, EURTRY, USDTRY, USDCLP, EURRUB., USDRUB., EURTRY., USDTRY., USDCLP., EURRUB.., USDRUB.., EURTRY.., USDTRY.., USDCLP..), instruments based on interest rates: TNOTE, BUND10Y, SCHATZ2Y and  instruments which price is based on market value of the gold troy ounce: GOLD, GOLDs, GOLDs.
2. Margin collected at opening transactions referred to the following instruments: CZKCASH, US30, US.30, US.30., US100, US.100, US.100., US500, US.500, US.500., US2000, VOLX, UK100, UK.100, UK.100., DE30, DE.30, DE.30.,  FRA40, FRA.40, FRA.40., EU50, EU.50, EU.50., SPA35, SPA.35, SPA.35., ITA40, ITA.40, ITA.40., SUI20, RUS50, HUNComp, TURK30, BRAComp, MEXComp, JAP225, HKComp, CHNComp, KOSP200, INDIA50, AUS200, EURRUB, USDRUB, EURTRY, USDTRY, USDCLP, EURRUB.,USDRUB., EURTRY., USDTRY., USDCLP., EURRUB.., USDRUB.., EURTRY.., USDTRY.., USDCLP..
3. Margin collected at opening transactions referred to the following instruments: W20PLN, W.20, W.20., SILVER, SILVERs, SILVERs., PLATINUM, PALLADIUM, COPPER, ALUMINUM, ZINC, NICKEL, LEAD, TIN, OIL, OILs, OILs., NATGAS, GASOLINE, HEATINGOIL, CORN, SOYBEAN, WHEAT, RICE, SUGAR, SUGARs, SUGARs., COTTON, COTTONs, COTTONs., COFFEE, COCOA, SOYOIL, SOYMEAL, LEANHOGS, CATTLE, EMISS

1. Margin collected at opening transactions referred to the following instruments: PEO.PL, PGE.PL, PKN.PL, PKO.PL, PZU.PL, TPS.PL, ABE.ES, ABG.ES, ACS.ES, ACX1.ES,  AMS.ES, BKIA.ES, BBVA.ES, BME.ES, CABK.ES, CRI.ES, EBRO.ES, ELE.ES, ENG.ES, FCC.ES, FER.ES, GAM.ES, GAS.ES, GRF.ES, IAG.ES,  IBE1.ES, IBLA.ES, , IDR.ES, ITX.ES, MAP.ES, POP.ES, REE.ES, REP1.ES, SAB.ES, SAN1.ES, TEF1.ES, TL5.ES, ADS.DE, ALV.DE, BAS.DE, BAY.DE, BEI.DE, BMW.DE, DB1.DE, DPW.DE, DTE.DE, EOAN.DE, FME.DE, , LHA.DE, LIN.DE, MAN.DE, MEO.DE, MRK.DE, MUV2.DE, RWE.DE, SAP.DE, SDF.DE, SIE.DE, TKA.DE, VOW.DE , CEZ1.CZ, KOMB.CZ, AAPL.US, ADBE.US, AMAT.US, AMGN.US, AMZN.US, BA.US, BIDU.US, BBBY.US, BMY.US, BRCM.US, CL.US, CME.US, COP.US, CPB.US, CSCO.US, CTXS.US, CVX.US, DELL.US, DIS.US, EBAY.US, EL.US, F.US, FDX.US, GE.US, GOOG.US, GPS.US, HNZ.US, HPQ.US, HSY.US, IBM.US, INTC.US, JNJ.US, K.US, KFT.US, KMB.US, KO.US, LXK.US, MA.US, MAT.US, MCD.US, MFE.US, MMI.US, MMM.US, MRK.US, MSI.US, MSFT.US, NKE.US, ORCL.US, PEP.US, PFE.US, PG.US, PM.US, QCOM.US, RIMM.US, RL.US, SUN.US, SYMC.US, T.US, TEVA.US, TWX.US, TXN.US, UPS.US, VIAB.US, VZ.US, WMT.US, WU.US, XOM.US, YHOO.US, AAL.UK, ABF.UK, AMEC.UK, AU.UK, AZN.UK, BA.UK, BATS.UK, BG.UK, BLND.UK, BSY.UK, BTA.UK, CCL.UK, CNA.UK, COB.UK, CPG.UK, CPI.UK, CSCG.UK, DGE.UK, ESSR.UK, EXPN.UK, GFS.UK, GKN.UK, GLEN.UK, GSK.US HMSO.UK, HOME.UK, HSBA.UK, IAG.UK, IHG.UK, III.UK, IMT.UK, INVP.UK, IPR.UK,, JMAT.UK, KGF.UK, LAND.UK, LSE.UK, MKS.UK, MRW.UK, NG.UK, NXT.UK, PSON.UK, RB.UK, RDSA.UK, RSDB.UK, REL.UK, REX.UK, RRS.UK, RSA.UK, RSL.UK, SAB.UK, SBRY.UK, SGE.UK, SHP.UK, SMIN.UK, SN.UK, SRP.UK, SSE.UK, SVT.UK, TATE.UK, TCG.UK, TLW.UK, TSCO.UK, ULVR.UK, UU.UK, VOD.UK, WEIR.UK, WPP.UK, WTB.UK, AC.FR, AI.FR, ALO.FR, BN.FR, CA.FR, CAP.FR, DG.FR, EAD.FR, EDF.FR, EI.FR, FP.FR, FTE.FR, GSZ.FR, KN.FR, MC.FR, ML.FR, MMB.FR,OR.FR, PUB.FR, RI.FR, SAN.FR, SEV.FR, STM.FR, UL.FR, VIE.FR, VIV.FR, EDP.PT, JMT.PT, SON.PT, A2A .IT, AGL.IT, ATL.IT, AZM.IT, , BMPS.IT, BUL.IT, BZU.IT, , CPR.IT, DIA.IT, EGPW.IT, ENEL.IT, ENI.IT, FI.IT, FNC.IT, FSA.IT, G.IT, LTO.IT, LUX.IT, MB.IT, MS.IT, PC.IT, PMI.IT, PLT.IT, PRY.IT, SPM.IT, SRG.IT, STM.IT, STS.IT, TEN.IT, TIT.IT, TOD.IT, TRN.IT, UBI.IT, UNI.IT, ETF.Fin.US, ETF.Ener.US, ETF.Mat.US, ETF.Insu.US, ETF.Indu.US, ETF.Tele.US, ETF.Tech.US, ETF.Heal.US, ETF.Biot.US, ETF.Auto.EU, ETF.Bank.EU, ETF.Heal.EU, ETF.Insu.EU, ETF.Oil.EU, ETF.Tech.EU, ETF.Tele.EU.

1. Margin collected at opening transactions referred to the Option Financial Instruments (Vanilla and European Digital) is collected each time in the amount of 0.00% of the nominal value of opened position in case of purchase of the Option Financial Instrument
2. Margin collected at opening transactions referred to the Option Financial Instruments Vanilla style is collected each time in the amount of the nominal value of opened position, which is:

• 0,5 % for Option Financial Instrument based on the following instruments: EURCHF, EURCZK;
• 1 % for Option Financial Instrument based on the following instruments: USDPLN,EURPLN, EURUSD, GBPUSD, USDCHF, USDJPY, EURGBP, EURJPY, USDCAD, USDCZK;
• 1,5 % for Option Financial Instrument based on the following instruments: AUDUSD, GBPJPY, NZDUSD, GOLD, GOLDs, US30, US.30;
• 2% for Option Financial Instrument based on the following instruments: DE30, DE.30, UK100, UK.100, SPA35, SPA.35, EU50, EU.50, US500, US.500, FRA40, FRA.40, ITA40, ITA.40;
• 2,5% for Option Financial Instruments based on the following instruments: SILVER, SILVERs;
• 3,0% for Option Financial Instrument based on the following instruments: W20PLN, W.20;
• 3,5 % for Option Financial Instrument based on the following instruments: OIL, OILs, COPPER, ZINC

1. Margin for Option Financial Instruments European Digital Style is calculated as follows:

• maturity of 1-6 days: Payout* min [1;1 – Price (bid Price in basis points)]
• maturity of 7-29 days: Payout * min[0,30; 1Price(bid Price in basis points)]
• maturity of 30-119 days: Payout * min[0,15; 1Price(bid Price in basis points)]
• maturity of 120-180 days: Payout * min[0,06; 1Price(bid Price in basis points)]

Additionally, there is a condition that the client can’tgo below 100% Margin Level as a result of a transaction

1. If the change of Balance at the Customer’s Cash Account results in change of the value of calculated Margin, the change relates to all Opened Positions, also the ones opened before the change of the balance level.
2. In case of the accounts, in reference to which there is justified suspicion that they are managed by one person or the group of the persons connected with each other, then the balances of such accounts are added and the Margin for all such accounts is established at the same level in accordance with the table above
3. Margin collected at opening transactions referred to the following instruments: ACP.PL, BRE.PL, BZW.PL, CEZ.PL, GTN.PL, KGH.PL, LTS.PL, PGN.PL, TVN.PL, ANA.ES, BKT.ES, MTS.ES, OHL.ES,  SYV.ES, TRE.ES, CBK.DE, DAI.DE, DBK.DE, HEI.DE, HEN3.DEIFX.DE,SZG.DE, NWR.CZ, RBAG.CZ, SPTT.CZ, TABAK.CZ, UNIP.CZ, AA.US, AIG.US, AMD.US, ANF.US, AON.US, AXP.US, BAC.US, BK.US, C.US, CAT.US, DPS.US, ERTS.US, ETFC.US, FCX.US, GS.US, GT.US, HOG.US, JPM.US, MAR.US , MCO.US,  MS.US, NDAQ.US,  NTRS.US, NYX.US, RSH.US, SLB.US, SBUX.US,  SHLD.US,SNDK.US, STT.US, TIF.US, USB.US, VLO.US, WFC.US, XRX.US, ADM.UK, AGK.UK, ANTO.UK, ARM.UK,  BAY.UK, BLT.UK, , BP.UK, BRBY.UK, CNE.UK, EMG.UK, FRES.UK, IAP.UK, ISAT.UK, ITRK.UK, , LGEN.UK, LMI.UK, OML.UK, PFC.UK, PRU.UK, RIO.UK, RR.UK, SDR.UK, SDRC.UK, SL.UK, STAN.UK, TT.UK, WOS.UK, , ACA.FR, ALU.FR, BNP.FR, CS.FR, EN.FR, GLE.FR, LG.FR, MT.FR, PP.FR, RNO.FR, SGO.FR, SU.FR, TEC.FR, UG.FR, VK.FR, , BCP.PT, BES.PT, BRI.PT, EDPR.PT, GALP.PT, PTC.PT, RENE.PT, SEM.PT, SNC.PT, SONI.PT, BP.IT, F.IT, IPG.IT, MOL.HU, MTEL.HU,OTP.HU, RICHT.HU, IDM.PL, IPX.PL, KOV.PL ,MIL.PL, NWR.PL,
4. Margin collected at opening transactions referred to the following instruments:  AGO.PL, BIO.PL, CPS.PL, CST.PL, GTC.PL, PBG.PL, PXM.PL, AAA.CZ, CETV.CZ, ECM.CZ, FORTUNA.CZ, KITD.CZ, ORCO.CZ, PEGAS.CZ, VIG.CZ, AV.UK, BARC.UK, CW.UK, ENRC.UK, KAZ.UK, LLOY.UK, RBS.UK, VED.UK, XTA.UK, DEXB.FR, ALTR.PT, BPI.PT, CPR.PT, EGL.PT, INA.PT, PTI.PT, ZON.PT,EXO.IT, ISP.IT, UCG.IT, ANY.HU,, EGIS.HU, ESTMEDIA.HU, FHB.HU, FOTEX.HU, ORC.HU, PANNERGY.HU, PANNONIA.HU, RABA.HU, , SYNERG.HU,  BDX.PL, BHW.PL, BRS.PL, BSK.PL, CDC.PL, ENA.PL, KER.PL, LWB.PL, NET.PL ,OIL.PL, SNS.PL, TPE.PL;
5. X-Trade Brokers shall immediately make a change of leverage on client’s account after passing particular limit set forth in Margin Table, but no later than in 1 business day period after passing of such limit.