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long interest rate cfd usd shares

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Hi ,

I believe long interest (USD) rate for cfd positions is 2.5% + libor which should be around 2.6-2.7%.

When I try recon it seems that I am paying close to 4%?

Does anyone know how to calculate this.

Thanks Very much.

 

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45 minutes ago, eggroll111 said:

Hi ,

I believe long interest (USD) rate for cfd positions is 2.5% + libor which should be around 2.6-2.7%.

When I try recon it seems that I am paying close to 4%?

Does anyone know how to calculate this.

Thanks Very much.

 

Hi, did you see this page shares section with worked examples, some points. minis at 3%, 3 days worth on Fridays, US Libor rates.

 https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

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