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When are Swaps charged at a triple rate?

When are Swaps charged at a triple rate?

Updated over 3 months ago

Swaps are charged at a triple rate in the following days:

• 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): To maintain consistency, swaps are tripled on Friday for cryptocurrencies as well.

This ensures that swaps are adjusted for non-trading days.

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