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Dear customer：
Notice on SWAP (Holding Costs) will change to settle on T+0
We are going to change the day we charge three days' SWAP (Holding Costs) on our instruments.
Please note: this change takes effect from Tuesday, 1 April 2025.
Currently, our SWAP (Holding Costs) are settled on T+2, i.e. if you hold a position at Beijing Time 5:00 am
(6:00 am in winter time) on a Thursday,a SWAP (Holding Cost) for three days (Friday, Saturday and Sunday)
is applied. Starting from 1 April 2025, our SWAP (Holding Costs) will change to settle on T+0, this will change
as shown below.
|
From 1 April 2025, positions not closed at below time (Beijing time) |
SWAP (Holding Costs) |
|---|---|
|
5:00am Tuesday (6:00am in winter time) |
1 day SWAP |
| 5:00am Wednesday (6:00am in winter time) | 1 day SWAP |
| 5:00am Thursday (6:00am in winter time) | 1 day SWAP |
| 5:00am Friday (6:00am in winter time) | 1 day SWAP |
| 5:00am Saturday (6:00am in winter time) | 3 day SWAP |
Please note that the rates used, and therefore the total charge for holding a position for a full week (seven days), is not changing; however, you will be charged Holding Costs for three days on a Friday as opposed to Wednesday.
MTF
31/3/2025
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