Swaps are charged at a triple rate in the following days:
Asset Class | Triple Swap Day | Reason |
Forex | Wednesday | Due to the T+2 settlement rule, trades on Wednesday settle on Friday, covering the weekend when markets are closed. |
Indices | Friday | Triple swaps apply on Friday to cover the weekend closure of stock markets. |
Cryptocurrencies | Friday | Cryptocurrencies do not have triple swaps; swaps are charged daily as the market is open 24/7. |
This ensures that swaps are adjusted for non-trading days.
For better visualization, please refer to the following GIF:
