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 | 5.371% / 2.371% (BM +/- 1.5%) |
5.371% / 2.371% (BM +/- 1.5%) |
5.371% / 2.371% (BM +/- 1.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 | 3.688% / 0.688% (BM +/- 1.5%) |
3.188% / 1.188% (BM +/- 1%) |
2.688% / 1.688% (BM +/- .5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 | 1.508% / -1.492% (BM +/- 1.5%) |
1.508% / -1.492% (BM +/- 1.5%) |
1.508% / -1.492% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A | 1.879% / -1.121% (BM +/- 1.5%) |
1.879% / -1.121% (BM +/- 1.5%) |
1.879% / -1.121% (BM +/- 1.5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 | 3.685% / -0.315% (BM +/- 2%) |
3.685% / -0.315% (BM +/- 2%) |
3.685% / -0.315% (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.