What is a Forex Swap Rate?
What is a spot swap rate or rollover rate?
When trading spot Foreign Exchange (Forex trading) and precious metals, all trades will settle two business days from date of entry, as per market convention. Vantage FX is not involved in the physical delivery of trades, thus all positions left open at the end of the trading day will be rolled over to a new value date and will therefore have exposure to a swap charge or credit.
Please note: For trades held open from Wednesday to Thursday as per server time, the new value date becomes Monday, rather than the weekend. This means the rollover charge on a Wednesday evening will be three times the usual value indicated on the table.
Also please note there is no overnight swap on Crude oil as they are directly derived from the Futures contract.
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