CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

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 × LIBOR +/- 2.5% ÷ 365

Based on one-month LIBOR

If underlying instrument currency is USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If underlying instrument currency is EUR

Size × closing price × EURIBOR +/–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.