FX and spot metals funding
A tom-next rather than an interbank rate is used in the calculation of funding costs for forex and spot metals.
Tom-next is the day’s market swap rate for that pair or metal.
Example tom-next rate: -1.39/-0.39.
-0.39 would be used to calculate the funding cost on a long position.
-1.39 would be used to calculate the funding cost on a short position.
Size x (tom-next rate + admin fee)
CFD
Size means total value of lots (number of lots x value per lot)
Tom-next is the day’s market swap rate for that pair or metal
IG's charge for holding positions overnight is no more than 0.0022% per day
Three-day funding is charged on Wednesday 10pm UK time. For more information please visit our FX product details.
©2003 - 2024