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 | 5.733% / 2.733% (BM +/- 1.5%) |
5.733% / 2.733% (BM +/- 1.5%) |
5.733% / 2.733% (BM +/- 1.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 | 3.7% / 0.7% (BM +/- 1.5%) |
3.2% / 1.2% (BM +/- 1%) |
2.7% / 1.7% (BM +/- .5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 | 4.022% / 1.022% (BM +/- 1.5%) |
4.022% / 1.022% (BM +/- 1.5%) |
4.022% / 1.022% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A | 2.334% / -0.666% (BM +/- 1.5%) |
2.334% / -0.666% (BM +/- 1.5%) |
2.334% / -0.666% (BM +/- 1.5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 | 3.155% / -0.845% (BM +/- 2%) |
3.155% / -0.845% (BM +/- 2%) |
3.155% / -0.845% (BM +/- 2%) |
| USD | Long/Short 1 | 100,000 | 1,000,000 | 5.12% / 2.12% (BM +/- 1.5%) |
4.62% / 2.62% (BM +/- 1%) |
4.12% / 3.12% (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.