How it works
The charge or credit reflects the product's financing method, the currencies involved and the provider's pricing. It can differ by direction and may be adjusted around weekends or settlement conventions.
What to check
Check the current swap specification for the exact instrument and account. Do not assume a positive interest-rate difference automatically produces a credit after provider charges and product terms.
- Check long and short rates separately
- Check rollover time
- Check multi-day adjustments
Limits and risks
Financing can materially change the result of positions held for days or weeks. Rates and schedules can change, so old swap tables are poor evidence for current costs.
Primary sources
BIS 2025 Triennial Central Bank Survey↗FCA: Contracts for difference (CFDs)↗General information only. Investment products can lose value, and terms, fees and regulation can change.