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 | 5.66% / 2.66% (BM +/- 1.5%) |
5.66% / 2.66% (BM +/- 1.5%) |
5.66% / 2.66% (BM +/- 1.5%) |
| CHF | Long/Short 1 | 90,000 | 900,000 | 1.5%/-1.769% (BM +/- 1.5%) |
1%/-1.269% (BM +/- 1%) |
0.5%/-0.769% (BM +/- 0.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 | 3.687% / 0.687% (BM +/- 1.5%) |
3.187% / 1.187% (BM +/- 1%) |
2.687% / 1.687% (BM +/- 0.5%) |
| GBP | Long/Short 1 | 80,000 | 800,000 | 5.131%/2.131% (BM +/- 1.5%) |
4.631%/2.631% (BM +/- 1%) |
4.131%/3.131% (BM +/- 0.5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 | 4.15% / 1.15% (BM +/- 1.5%) |
4.15% / 1.15% (BM +/- 1.5%) |
4.15% / 1.15% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A | 2.302% / -0.698% (BM +/- 1.5%) |
2.302% / -0.698% (BM +/- 1.5%) |
2.302% / -0.698% (BM +/- 1.5%) |
| SEK | Long/Short 1 | 900,000 | 9,000,000 | 3.07%/0.07% (BM +/- 1.5%) |
2.57%/0.57% (BM +/- 1%) |
2.07%/1.07% (BM +/- 0.5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 | 2.99% / -1.01% (BM +/- 2%) |
2.99% / -1.01% (BM +/- 2%) |
2.99% / -1.01% (BM +/- 2%) |
| USD | Long/Short 1 | 100,000 | 1,000,000 | 5.13% / 2.13% (BM +/- 1.5%) |
4.63% / 2.63% (BM +/- 1%) |
4.13% / 3.13% (BM +/- 0.5%) |
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.