Two curious question.
1 - From what I understand: if you hold a long CFD position in a company and it goes Ex-Div, your account is credited with the amount of the dividend.
Is the reverse true if you are short? i.e. is the amount of the dividend debited from my account?
2 - From what I understand: Franking credits are not applied to CFD positions. So if I am long a CFD position in a company who pays a fully franked dividend; I have no rights to those franking credits.
Who then is benefiting from these franking credits? The CFD provider who is 'loaning' me the shares?