ROLLOVER CHARGES & CREDITS FOR OPEN FUTURES CFD POSITIONS. 22.1 Where an Order for a Futures CFD is held overnight, the Order is not subject to a Swap Charge or Swap Credit.
ROLLOVER CHARGES & CREDITS FOR OPEN FUTURES CFD POSITIONS. Where an Order for a Futures CFD is held overnight, the Order is not subject to a Swap Charge or Swap Credit. Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, the Order is automatically rolled over meaning that the contract is closed, and a new Order is created for the Futures CFD on the next Trading Day at the new contract price. Axel Private Market Limited will not automatically roll over an Open Position for a Futures CFD held at the Close of Trade on the Close-Out Date unless Axel Private Market Limited has provided reasonable notice to the Client of the Close-Out Date and the position remains open after this date. Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, an adjustment will be applied to the Client’s account to reflect the difference between the old contract price and the new contract price for the Futures CFD less an administration fee of 2.5 basis points payable to Axel Private Market Limited. Cash adjustments will be applied to the Client’s account on the first Trading Day of the new contract.
ROLLOVER CHARGES & CREDITS FOR OPEN FUTURES CFD POSITIONS. Where an Order for a Futures CFD is held overnight, the Order is not subject to a Swap Charge or Swap Credit. Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, the Order is automatically rolled over meaning that the contract is closed, and a new Order is created for the Futures CFD on the next Trading Day at the new contract price. Axel Private Market Limited will not automatically roll over an Open Position for a Futures CFD held at the Close of Trade on the Close-Out Date unless Axel Private Market Limited has provided reasonable notice to the Client of the Close-Out Date and the position remains open after this date. Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, an adjustment will be applied to the Client’s account to reflect the difference between the old contract price and the new contract price for the Futures CFD less an administration fee of 2.5 basis points payable to Axel Private Market Limited. Cash adjustments will be applied to the Client’s account on the first Trading Day of the new contract.
