Financing and Commission
Financing and Commission
Financing Charge Calculation- Spot Forex

Swap rates are calculated by using 1 day interest rate differentials for the two currencies concerned in the positon.
FX Long Position Financing Cost = Quantity x Swap Rate x (-1) Example: Long 500,000 USD/JPY at 17:00 ET, GBP based account. Financing Cost = 500,000 x (-0.0008) [Swap Rate] x (-1) = JPY 400
To convert back to account currency GBP/JPY = 157.10 Financing Cost in Account Currency = 400/157.10 = GBP 2.54英镑
FX Short Position Financing Cost = Quantity x Swap Rate Example: Short 200,000 EUR/USD at 17:00 ET, USD based account. Financing Cost = 200,000 x 0.000019 [Swap Rate] = USD 3.80

Financing Charge Calculation- Spot Oil

Rollovers for Spot Oil are calculated based on business days, therefore, no additional charges for carrying positions over a weekend or holiday will be applied.
(EOD mid price of far month - EOD mid price of near month) / number of days + markup Example: number of days = 20 Relevant price of near month = 45.42 Relevant price of far month = 45.68 Financing Cost = (45.68 - 45.42)/20 + 0.01 = 0.023