Shares funding
Size for CFDs means number of shares.
Closing price refers to the underlying market price when the market closes.
If your trade is in SGD
Size × closing price × (3% +/- 1 month SORA) ÷ 365
If you bought 1000 shares of Keppel Corp Ltd worth 8.88, with SORA at 0.68%, you pay:
1000 x 8.88 x (3% + 0.68%) ÷ 365 = SGD 0.89 per day
If you sold 1000 shares of Keppel Corp Ltd worth 8.88, with SORA at 0.68%, you pay:
1000 x 8.88 x (3% - 0.68%) ÷ 365 = SGD 0.56 per day, plus a borrowing charge of
1000 x 8.88 x 0.5% ÷ 365 = SGD 0.12 per day
The borrowing charge will depend on which share you trade and you can contact us to enquire further.
If underlying instrument currency is GBP
Size × closing price × (3% +/- SONIA)÷ 365
Based on one-month SONIA
If underlying instrument currency is USD
Size × closing price × (3% +/– SOFR) ÷ 360
If underlying instrument currency is EUR
Size × closing price × (3% +/– ESTR) ÷ 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.