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 |
JPY | Long/Short 1 | N/A | N/A | 1.545% / -1.455% (BM +/- 1.5%) |
1.545% / -1.455% (BM +/- 1.5%) |
1.545% / -1.455% (BM +/- 1.5%) |
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.