The Overnight Swaps widget helps calculate expected swap points that are charged or credited to trading accounts that have rollover trades associated with them.
The widget is based on our Bank’s Overnight Policy, which determines the rollover conditions dynamically depending on the trading activity level. This level is defined as the percentage of the volume of all executed orders that are not rollover trades in the past 30 days, and aims to reflect the trader’s tendency to either favour intraday trades or keep positions overnight. The percentage defines three types of rollover policy available in the widget: premium (> 90%), advanced (> 20%), and regular (< 20%), with higher levels insuring better overnight conditions. The default level is advanced.
The overnight swap prices are determined based on central bank target rates and additional carry costs applied by our Bank.