![]() The rollover is made up of two components the Tom/Next swap points (Forward Price) and the Financing of unrealised profit/loss (Financing Interest).īid/ask interest rates for each currency are derived from swap points quoted by Tier-1 banks. Instead, open positions held at the end of a trading day (17.00 Eastern Standard Time) are rolled forward to the next available business day 2. ![]() The settlement period refers to the amount of time that is allotted to both parties to satisfy the trade’s obligations. For example, a EUR-USD trade executed on a Monday will settle on a Wednesday (if there is not a public holiday in either currency on Tuesday or Wednesday, in which case the trade will be settled on the next available business day). ![]() The term “Spot” refers to the standard settlement convention of two business days after the trade date (known as T+2) 1. The FX Spot market is used for immediate currency trades.
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