CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.
Shares funding
Size for CFDs means number of shares.
Closing price refers to the underlying market price when the market closes.
If your trade is in SGD
Size × closing price × (3% +/- 1 month SORA) ÷ 365
If you bought 1000 shares of Keppel Corp Ltd worth 8.88, with SORA at 0.68%, you pay:
1000 x 8.88 x (3% + 0.68%) ÷ 365 = SGD 0.89 per day
If you sold 1000 shares of Keppel Corp Ltd worth 8.88, with SORA at 0.68%, you pay:
1000 x 8.88 x (3% - 0.68%) ÷ 365 = SGD 0.56 per day, plus a borrowing charge of
1000 x 8.88 x 0.5% ÷ 365 = SGD 0.12 per day
The borrowing charge will depend on which share you trade and you can contact us to enquire further.
If underlying instrument currency is GBP
Size × closing price × (3% +/- SONIA)÷ 365
Based on one-month SONIA
If underlying instrument currency is USD
Size × closing price × (3% +/– SOFR) ÷ 360
If underlying instrument currency is EUR
Size × closing price × (3% +/– ESTR) ÷ 360
The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets.
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