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If you keep a CFD position on single stocks and/or stock indices overnight, that is after the end of a trading day (23:00 CET), financing costs are charged. The calculation is daily but charged on a monthly basis.

The CFDs Financing costs are calculated:

CFD Finance = (Open Position Amount × Price × (Bid/Offer financing rate + (Mark-up or Markdown))) / 100 × Number of days / 360 or 365.

The CFDs financing costs do not apply for positions opened and closed before the end of the trading day (on condition that the exchange on which the underlying is traded is opened) and on expiring of CFDs (commodity and Forex CFDs, and some stock index CFDs).

Details on the mark-up applied to your CFDs positions is visible in the trading conditions of each CFDs product, while the historical CFD financing costs can be accessed under "Historic Reports >  CFD Finance Details" in the platforms.

A minimum rate of 0.50% p.a. is charged on all overnight short positions in single stock CFDs.

Generally, all short positions in single stocks CFDs held overnight, are subject to the cost of borrowing the underlying shares from the market. The fee varies according to the instrument, market conditions and the availability of shares to be borrowed. For instruments that are in high demand for short selling in the broader market, the cost of borrowing the underlying shares may increase.

The estimated borrowing cost on a Single Stock CFD can be found in the platform under the Trading Conditions, as well as in the Trade Ticket.

Forex Spot positions held at the end of a trading day are rolled forward to the next available business day. For most of FX Spot the rollover takes place at 17:00 EST (New York - standard market convention to define the end of trading day). However, there are some exceptions, for ex. NZD rolls forward at 07.00 New Zealand Daylight Time.

The rollover is made up of two components:

1. Tom/Next swap points (Forward Price): calculated using market swap prices from Tier-1 banks, plus/minus a mark-up +/- 0.45% of the Tom/Next interest swap rates.
2. Financing of unrealised profit/loss (Financing Interest): unrealised profit/loss on positions that are rolled from one day to the next are subject to a credit or debit interest. The unrealised profit/loss is calculated as the difference between the opening price of a position, possibly corrected for previous Tom/Next rollovers, and the spot price at the time that the rollover is performed. The calculated rate is based on the daily market overnight interest rates plus/minus a mark-up +/- 2.00%.

The final rates of the Tom/Next and the Financing Interests are used to adjust the opening price of the position:

New Rate = Open price + Forward Price + Financing Interest

You can view the rollover history on your FX positions under the "Account > Historic reports > Forex Rollovers report".

Rollovers do not apply to intraday FX positions.

The carrying costs apply on positions kept overnight on:

• Futures and CFDs Futures
• Short Listed Options

Carrying Cost = Margin requirement * days held* (Relevant Interbank rate + Markup 1.5%) / (365 or 360 days).

The holding fees are applied after 30 days of holding positions on:

• Long listed options (all maturities, both stocks and contracts).

The fee is determined on a daily basis and charged at the end-of-month according to the following scheme:

Holding Fee per day = Nominal Value / 1,000,000 * Underlying Category Fee

Options CFDs are also subject to holding fees but calculated on a daily basis.

Details on the carrying costs and holding fees applied can be seen in the trading conditions of the products on the platforms, while the historical rates applied to your positions, can be found under Historical Reports > Holding Fee Details / Carrying Cost Details.