What is the formula used to calculate the swap rate for each instrument?

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A

  • For FX the following formula is used: volume x swap rate x number of nights
  • For Metals (Gold and Silver) the following formula is used: volume (lot) × swap rate × number of nights.
  • For Indices the following formula is used: volume x swap rate/100/360
  • For Commodities the following formula is used: volume x swap rate x number of nights
  • Swap rates can be found in the contract specification table which is accessed via the market watch window.