How is funding on leveraged share positions calculated?

Shares funding

Size for CFDs means number of shares.

Size for spread bets means size of bet

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 currecncy 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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.