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Are single-stock CFDs subject to borrowing costs and how can I obtain details?

Borrowing costs may be charged on short CFD positions held overnight. These costs are not to be confused with the standard CFD financing credit or costs associated with CFD trading. The costs are a function of supply and demand in the market as determined by the level of interest in shorting any given stock. If you short a CFD, Cornèrtrader will normally borrow the underlying stock in the market at the time you open your CFD position. If demand in the market to borrow that same stock is high, a borrowing cost may be charged, reflecting the reduced availability of the stock for borrowing.

The borrowing rate is set at the time the position is opened and is charged monthly.

To view the relevant borrowing rate in the trading platform, see under Account > Trading Conditions > CFD Stock/Index Instrument List

Both the standard CFD financing costs incurred for a single stock CFD and the estimated borrowing cost where applicable are displayed when you trade a CFD.

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