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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Help and support  /  Fees and charges

How is funding on leveraged share positions calculated?

Share CFDs funding

Size for CFDs means number of shares.

Closing price means underlying market price at 10pm (UK time).

If underlying instrument currency is GBP

Size × closing price × SONIA +/- 2.5% ÷ 365

Based on overnight SONIA plus 1 month SONIA adjustment as per ISDA

If underlying instrument currency is USD

Size × closing price × SOFR +/–2.5% ÷ 360

If underlying instrument currency is EUR

Size × closing price × ESTR +/–2.5% ÷ 360

The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets.

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CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand the risks and take care to manage your exposure.

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