Contract interest is calculated daily on all open CFD positions held at the close of the trading session. Interest is applied as a blended rate based on notional balances as shown below.
Balance Cutoffs | Contract Interest Charged/Paid on Open CFD Positions | |||||
---|---|---|---|---|---|---|
Currency | Position | Tier I | Tier II | Share CFDs Below Tier I |
Share CFDs Between Tier I and Tier II |
Share CFDs Above Tier II |
AUD | Long/Short 1 | 140,000 | 1,400,000 | 5.799% / 2.799% (BM +/- 1.5%) |
5.799% / 2.799% (BM +/- 1.5%) |
5.799% / 2.799% (BM +/- 1.5%) |
EUR | Long/Short 1 | 90,000 | 900,000 | 5.423% / 2.423% (BM +/- 1.5%) |
4.923% / 2.923% (BM +/- 1%) |
4.423% / 3.423% (BM +/- .5%) |
HKD | Long/Short 1 | 780,000 | 7,800,000 | 5.821% / 2.821% (BM +/- 1.5%) |
5.821% / 2.821% (BM +/- 1.5%) |
5.821% / 2.821% (BM +/- 1.5%) |
JPY | Long/Short 1 | N/A | N/A | 1.526% / -1.474% (BM +/- 1.5%) |
1.526% / -1.474% (BM +/- 1.5%) |
1.526% / -1.474% (BM +/- 1.5%) |
SGD | Long/Short 1 | 140,000 | 1,400,000 | 5.788% / 1.788% (BM +/- 2%) |
5.788% / 1.788% (BM +/- 2%) |
5.788% / 1.788% (BM +/- 2%) |
USD | Long/Short 1 | 100,000 | 1,000,000 | 6.83% / 3.83% (BM +/- 1.5%) |
6.33% / 4.33% (BM +/- 1%) |
5.83% / 4.83% (BM +/- .5%) |
An additional borrow charge is levied on short stock CFD positions. This charge is determined for each individual stock based on market borrow rates. IBSJ will provide non-binding, indicative borrow rates to clients. Borrow rates may change without notice over the life of the short position based on market conditions.