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 | 5.813% / 2.813% (BM +/- 1.5%) |
5.813% / 2.813% (BM +/- 1.5%) |
5.813% / 2.813% (BM +/- 1.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 | 5.401% / 2.401% (BM +/- 1.5%) |
4.901% / 2.901% (BM +/- 1%) |
4.401% / 3.401% (BM +/- .5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 | 4.419% / 1.419% (BM +/- 1.5%) |
4.419% / 1.419% (BM +/- 1.5%) |
4.419% / 1.419% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A | 1.5% / -1.609% (BM +/- 1.5%) |
1.5% / -1.609% (BM +/- 1.5%) |
1.5% / -1.609% (BM +/- 1.5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 | 5.744% / 1.744% (BM +/- 2%) |
5.744% / 1.744% (BM +/- 2%) |
5.744% / 1.744% (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.