Forex and CFDs · Pro
Overnight financing
Also searched as: swap, swap fee, rollover financing
What does Overnight financing mean?
Overnight financing is a debit or credit applied to positions held across a provider’s financing cutoff. In retail forex and CFDs it may be called swap or rollover financing.
Example
A position remains open at the financing cutoff and receives a charge even without a new trade.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Rates, holiday treatment and charge schedules differ by instrument and provider.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.