Overnight FX funding costs

[cate]

Hi,

I haven't been charged any FX funding costs on my CFD account for the last 2 nights. That was particularly surprising last night because 10pm Wednesday is usually a 3x charge. I'm wondering what has changed and when the next charge will be. I try to avoid holding positions with heavy negative carry on a Wednesday night, but if that's changed it would be good to know what the new schedule will be. Wouldn't like to be long the EUR/MXN and discover Thursday is now 5x overnight funding, for example!

Not sure if this is the right place to ask this question. Will try tagging @CharlotteIG!

Thanks,

Cate

 

[AndaIG]

Hi @cate

Thanks for the query, 

There has been no change in policy. Due to a bank holiday we applied 4 days worth of funding on Tuesday night, which would of covered Wednesdays charges. You held the position long enough to be charged only for Wednesday night, thus effectively you managed to  avoid the charge. I hope that helps. 

All the best, 

Anda

[cate]

Thanks very much @AndaIG!