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 | 5.176% / 2.176% (BM +/- 1.5%) |
5.176% / 2.176% (BM +/- 1.5%) |
5.176% / 2.176% (BM +/- 1.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 | 3.437% / 0.437% (BM +/- 1.5%) |
2.937% / 0.937% (BM +/- 1%) |
2.437% / 1.437% (BM +/- .5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 | 4.226% / 1.226% (BM +/- 1.5%) |
4.226% / 1.226% (BM +/- 1.5%) |
4.226% / 1.226% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A | 1.899% / -1.101% (BM +/- 1.5%) |
1.899% / -1.101% (BM +/- 1.5%) |
1.899% / -1.101% (BM +/- 1.5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 | 3.678% / -0.322% (BM +/- 2%) |
3.678% / -0.322% (BM +/- 2%) |
3.678% / -0.322% (BM +/- 2%) |
| USD | Long/Short 1 | 100,000 | 1,000,000 | 5.83% / 2.83% (BM +/- 1.5%) |
5.33% / 3.33% (BM +/- 1%) |
4.83% / 3.83% (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.