Your capital is at risk. CFDs can result in losses that exceed your initial deposit. Please ensure you fully understand the risks involved.

How is funding on leveraged share positions calculated?

Share CFDs funding

Size for CFDs means number of shares.

Closing price means underlying market price when underlying market closes.

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.