The Swap is the interest paid or earned for holding a position overnight. Each CFD has an interest rate associated with it, and every trade involves two different interest rates. The Swap can add a significant extra cost or profit to your trade. The trading platform automatically calculates Swaps for you.

22:00 UTC(+1) is considered to be the beginning and the end of a trading day. Any positions which are still open at 22:00 UTC(+1) are subject to rollover. Rollover is the process of the settlement of an open position overnight.

There is no settlement on Saturdays and Sundays when the markets are closed, but banks still calculate interest on any position held over the weekend. For this reason, a 3-day swap applies on Wednesdays or Fridays.

GLOBEX offers a transparent Swap Rate based on current interest rate. To view GLOBEX Swap Rates, please log in to your ST7 account.