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Clarity on Commodities Interest


eastside

Question

I have both long and short positions in Oil and everyday i get only a one line in my IG statement "Daily Commodities Interest for 1 day - US crude". I understand it changes from day to day. Could I have some clarity within the IG statement on what was the interest rate charged separately for long and short positions for each day please?

Thanks

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2 answers to this question

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Hi @eastside

Thanks for reaching out, 

If you add the the market to a watchlist, then add it to your workspace you will be able to view the swap bid / offer for each day. Unfortunately the statements are automated and are not set up to show the rate at this point. Should you want more clarity on overnight funding please see the following link: 

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-

All the best, 

Anda

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