ProductROLLING SPOT FOREX (FX)
Dukascopy Bank SA
www.dukascopy.com; call +41 (22) 799 48 88 for more information
Regulating authority: Autorité fédérale de surveillance des marchés financiers(FINMA), Berne, Switzerland
KID Creation date: 01.01.2022

This document provides you with key information about this investment product. It is not marketing material. The information is requiredby law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare with otherproducts.
AlertYou are about to purchase a product that is not simple and may be difficult to understand.

WHAT IS THIS PRODUCT?
TypeThis financial product is known as Rolling Spot Forex, which is a 'contract for difference' or a CFD with currency pair (for exampleEUR/GBP) as the contract’s underlying. CFD allows you to obtain an indirect exposure to an underlying asset such as currency pair,security, commodity, index and other asset types. This means that you will never actually own the underlying asset, but you may
gain profit or suffer loss as a result of price movements in the underlying asset as if you had actually owned it.
This document provides key information on CFD where the underlying instrument is currency pairs such as USD/EUR, USD/JPN,GBP/USD etc.
List of currency pairs on which we currently offer CFDs can be found at : https://www.dukascopy.com/swiss/english/forex/forextrading-accounts/margin/ .
Objectives
Rolling Spot Forex is a form of tradable contract serving two main objectives, namely speculation and hedging.
Speculation
You may use Rolling Spot Forex CFD to speculate on price movement in an underlying asset, for example in EUR/GBP currency pair.
If you believe the EUR price will strengthen in the future against GBP - your objective is to buy EUR/GBP at a lower price and thento sell EUR/GBP contract at a higher price later on. If you believe EUR will weaken against GBP in the future – your objective is tosell EUR/GBP contract at a particular price and expect it to be bought later at a lower price. Favorable market price movement will
result in profit while opposite to yours price movement will result in a loss, both equal to difference between buy and sell prices
multiplied by the contract/exposure amount. (hence the contract is “for difference”).
Hedging
If you own the actual underlying asset (such as CHF, for example) you may be exposed to market risk meaning the price of yourunderlying asset (CHF) may decrease over time. To mitigate this risk you may use Rolling Spot Forex CFD by opening an opposite
direction position, thus keeping the EUR price fixed at the date of entering into position.
Intended retail investor
The product might not be appropriate for all retail investors. Investors must possess in-depth financial knowledge, have previous
experience in highly speculative financial markets and have free funds that may be lost completely. Losses could exceed invested
funds and could theoretically be unlimited.
The product may be of interest for investors that intend to (1) exploit price movements of the underlying without actually owningit; (2) hedge exposures in the underlying asset or its close peers, especially in the case where a minimization of capital outlay or
short-selling is needed for the hedge.
Terms of the Product
The product has no maturity date. The product can be unilaterally terminated by Dukascopy under special conditions, which
includes, but is not limited to the following:✓ Extraordinary market conditions✓ Termination or restructuring of the underlying✓ Lack of liquidity or degradation of execution conditions
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Termination is executed in form of closing existing open client exposures in the Product.
Termination dates and specific conditions are defined once (if ever) circumstances forcing to terminate the PRIIP are emerging andcannot be schedules in advance.

WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN?
The summary risk indicator is a guide to the level of risk of this product compared to other Risk Indicator
products. It shows how likely it is that the product will lose money because of movements inthe markets. We have classified this product as 7, which is the highest risk class. Thisrates the potential losses from the future performance at very high level.
Lower Risk

Higher Risk

Presence of the currency risk. Note that in case if the product is denominated in a currency different from the currency of yourinvestments (base currency of the trading account), the final return is subject to the risk of exchange rate fluctuations between
these currencies. This risk is not considered in the indicator presented above.
This product does not include any protection from future market performance so you could lose part or all of you investment.
Presence of leverage makes it possible that the total loss you may incur may excess the amount invested. Margin trading activity
carries substantial risks and suits only to persons who can assume the risk of a total loss of funds that may exceed initial margins.
The potential loss may theoretically be unlimited.
If we are unable to pay you due to insolvency, you may benefit from the Swiss Banking Act that ensures that clients of an insolvent
institution have their protected deposits in the amount of up to CHF 100 000 paid out to them within the period of one month.
The risk indicator above does not consider this protection.

PERFORMANCE SCENARIOSThis key information document is not specific to a particular product. It applies to Rolling Spot Forex orders offered byDukascopy Europe. For each trade you place, you will be responsible for choosing the instrument, when you open and close,
the size (risk) and whether to use risk mitigation features (e.g. stop loss orders).
The table below shows potential profit and loss under different scenarios. The scenarios assume you have a starting equity of
1 500 EUR and choose to buy/sell 40,000 EUR versus GBP. The point value of this instrument is 0,0001 GBP, meaning that every
1-point shift (4th digit after the decimal place) in price will bring a profit/loss of 4 GBP (given the position size is 40,000).
Is it assumed that the position is held intraday only (i.e. no overnight holding costs apply):
EUR/GBP, 40,000
Opening price: 0.875
Initial position amount: 40,000 EUR
Minimum margin requirement: 1,333.33 EUR (instrument leverage is 1:30)
Initial equity: 1 500 EURLong position
Price shift / new Price

Profit / Loss

Stress scenario-5% / 0.83125

Unfavourable scenario-2% / 0.8575

Moderate scenario
Favourable scenario-0% / 0.875+1% / 0.88375

Short position
New equity

Price shift / new Price

Profit / Loss

New equity-1750 GBP

Fully lost

+5% / 0.91875-1750 GBP

Fully lost-700 GBP

683.67 EUR+2% / 0.8925-700 GBP

715.69 EUR

0 GBP+350 GBP

1500 EUR
1896.04 EUR+0% /0.875-1% / 0.86625

0 GBP+350 GBP

1500 EUR
1904.04 EUR

Also, there are several trading risks, including leverage risk, which you should be aware of before beginning to trade. Some of those(the list is not exhaustive) include Leverage risk, Margin risk, Foreign exchange risk, Market risk, Market disruption risk, Online
trading platform and IT risk.
The market may perform differently in the future. Intraday movements may exceed daily movements. What you make or lose willvary depending on how the market performs and how long you keep the contract open. Note that your contract may be closed
automatically if you do not maintain sufficient margin in your account. The stress scenario shows what you might get back inextreme market circumstances, but it is not the worst case and it does not take into account the situation where we are not able
to pay you. The figures shown include all the costs of the product itself, but may not include all the costs you pay to your advisor
or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

2|3WHAT HAPPENS IF DUKASCOPY BANK IS UNABLE TO PAY OUT?
Dukascopy Bank SA is a Swiss licensed Bank which is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
In accordance with the Swiss Banking Act of 2005, all Swiss branches of banks and securities firms must have their preferential
deposits protected by Esisuisse. If a bank or securities firm in Switzerland becomes insolvent, the other members of Esisuisse will
immediately provide the required funds. This collective scheme ensures that the clients of such an insolvent bank have theirprotected deposits paid out to them within one month. Deposits totalling no more than CHF 100 000 per client are protected.
Further and more detailed information on the protection scheme is available on the official web pages of the Swiss Banks' andSecurities Dealers' Depositor Protection Association (Esisuisse): https://www.esisuisse.ch/en

WHAT ARE THE COSTS?
This table shows the different types of costs involved when you trade Rolling Spot Forex CFD products based on the example
used previously, i.e. a position of 40,000 EUR/GBP. Maximum volume commission rate and least advantageous overnight
policy are assumed.
Long
One-off costs

Recurring costs

Short

Entry and exit costs Spread-2 EUR-2 EUR

Entry and exit costs Volume commission-2.8 EUR-2.8 EUR

Overnight holding
costs

Aggregated cost
What you get in favorable scenario
without applying costs and charges?
What you get in favorable scenario aftercosts and charges?
Incidental costsCurrency conversion

The spread is the difference between the buy (ask) and sell (bid) price quoted on our trading
platform and is payable on opening and closing a contract. You could pay more or lessdepending on the spread rates at the time of contract.
Volume commission is payable for every executed order.
Its amount depends on Net deposit, Equity. Detailed breakdown can be foundin Fee Schedule.

-1.35 EUR

+0.77 EUR

Where you hold a daily position overnight, an overnight holding cost may be debited orcredited to your account. Its amount is commonly determined by the reference rates andalso depends on your trading activity.

-6.15 EUR

-5.57 EUR

These are total costs and charges for scenario described.

350 EUR

350 EUR

343.85 EUR

344.43 EUR

A currency conversion fee may be charged where your trades are denominated in a currency other than the base currency of youraccount.

HOW LONG SHOULD I HOLD IT AND CAN I TAKE MONEY OUT EARLY?
There is no required minimum holding or recommended period that you must keep your investment open for. CFDs are generallyused for short term trading on price movements, often intraday. Your investment can be opened and closed at any time duringmarket hours.
Available funds on your account can be withdrawn at any time by way of submitting a withdrawal request from your client area orby contacting your account manager or the support team.

HOW CAN I COMPLAIN?
You may submit a complaint directly to Account Manager appointed to you or by sending an e-mail: legal@dukascopy.com. You
may send hard-copy complaints to: Dukascopy Bank SA, Head Office – ICC, Route de Pré-Bois, CH-1215 Geneva 15, Switzerland.
Any complaints will first be investigated by our Compliance/Legal Department and, if they are unable to resolve the dispute to yoursatisfaction by our Compliance/Legal Department. If the Compliance/Legal Department is unable to resolve the matter you may
refer the matter to the Swiss Banking Ombudsman. If you would like more information on how complaints are handled, pleasecontact our Trading Services Department.
The Swiss Banking Ombudsman can be contacted at: Bahnhofplatz 9 P.O. Box 1818 CH-8021 Zurich
Phone: +41 43 266 14 14 Deutsch / English +41 21 311 29 83 Français / Italiano

OTHER RELEVANT INFORMATIONOther relevant product information on the product can be found under the following links:✓ Product description: https://www.dukascopy.com/swiss/english/cfd/what-are-cfds/✓ Margin requirements: https://www.dukascopy.com/swiss/english/cfd/margin-requirements/✓ Overnight policy: https://www.dukascopy.com/swiss/english/cfd/cfd-overnight-policy/✓ Fee schedule: https://www.dukascopy.com/swiss/english/about/fee-schedule/

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