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

How is funding on leveraged share positions calculated?

Shares funding

Size for CFDs means number of shares.

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

If your deal is in GBP

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

Based on LIBOR one month overnight rate

If your deal is in USD

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

If your deal is in 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.

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