The swap rate is the fixed rate that a swap contracting party demands in return for the obligation to pay a short-term rate, such as the Labor or Federal Funds rate.
At the end of each business day, cash indices and commodities will settle (server time 00:00).
As HotTrades does not handle physical transaction delivery, any positions left open at the end of the trading day will be rolled over to a new value date, exposing them to a swap fee or credit.
Due to the same-day settlement nature of cash indices and commodities, holding deals over the weekend from Friday to Monday will carry three times the regular value due to the three days of swap.
Please keep in mind that there is no overnight swap on Crude oil because it is derived directly from the Futures contract.
Please refer to the Market Watch panel on our MetaTrader 4 (MT4) platform for the latest up-to-date swap rates. Simply follow the instructions below to get started:
1. Go to the ‘Market Watch’ window and look for your items. Select ‘Symbols’ from the context menu by right-clicking.
2. From the list, choose the product you want to see. Then select ‘Specifications’.
3. The swap prices for both long and short positions may be seen here. Please do not hesitate to contact us if you require further information.
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