Home»Service Centre»Financial Products»How is CFD financing calculated and when is it charged?

How is CFD financing calculated and when is it charged?

Given that CFDs are margin products clients that hold long positions are effectively borrowing funds. When positions are held overnight, financing costs are charged on the borrowed amount. Intraday CFD positions do not attract financing charges.

Short positions may also attract financing charges because a mark-down applies. The effect may be that interest is debited rather than credited.

Financing charges apply to CFDs on single stocks and to CFDs on stock indices. Expiring CFDs (commodity and Forex CFDs, and interest rates CFDs) do not attract charges.

The commission for financing is calculated daily and charged monthly.

The trading conditions applying to you are shown in Cornèrtrader: go to Account >Trading Conditions > CFD Financing Conditions. The conditions for CFD index trackers are highlighted.

 

Historical CFD financing costs, too, are shown in Cornèrtrader:  go to Account > Accounting > CFD Finance Details

Cornèrtrader is the online trading brand of Cornèr Bank Ltd. The website, all pages thereof and the material contained therein are not intended for natural or legal persons who, by virtue of their nationality, place of business, residence or for other reasons are subject to a legal system that prohibits or limits access thereto, consultation, availability or publication thereof, the presentation of financial services or the marketing of certain financial products. In particular, certain sections or pages relating to products and services of Cornèr Bank Ltd. are intended only for persons resident and/or domiciled in Switzerland. Access to the Cornèr Bank Ltd. website is prohibited to all persons to whom such restrictions apply. Please also read the legal notes and privacy notice.
OK