On the next business day, “Deltastock” Inc. prepares daily reports for its active clients. There they can view their transactions, the open positions, the incurred interest rate, prices at day’s close, daily adjustment, current balance and other information about the changes in their account.
Statements are available on the next business day and can be seen in the “Statements” menu of Delta Trading platform or its web-based version on the “Deltastock” website.
You can refer all your questions about your daily statements, interest, commissions, etc. to our “Back Office.” There you will get all supplementary information and can jointly search for the answers to all your questions.
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Rollover is the fee incurred at midnight, if the client has an open position, which has to be transferred to the next day.
You decide how long you will keep your position open. Please note that the swap numbers can be positive or negative. In the first instance, the rollover is incurred (added) to your account, while in the second it is deducted.
The fee you will pay and get for an open position depends on the currency pair you trade, since the transaction with a certain currency pair is a purchase of one currency and a sale of the other currency.
Rollover = Swap number/10,000 x Position x Number of days
Where JPY participates in a currency pair:
Rollover = Swap number/100 x Position x Number of days.
In this way, the sum is still in foreign currency. That is why it is necessary that it be recalculated in BGN through conversion of the corresponding close price for this currency to BGN.
Example: You close a “buy” transaction for 100,000 EUR/USD. This means you buy EUR 100,000 and sell the equivalent in USD. This is called a “long” position. Conversely, if you close a “sell” transaction for 100,000 EUR/USD, this means you sell EUR 100,000 and buy its equivalent in USD. This is called a “short” position.
Should you decide to retain the long position of 100,000 EUR/USD for the next day, you accumulate interest over the EUR 100,000 you bought, whereas you pay interest for the USD equivalent you sold.
Should you decide to retain the short position of 100,000 EUR/USD for the next day, you accumulate interest over the USD 100,000 you bought, whereas you pay interest for the EUR equivalent you sold.
Your interest is compliant with the best practices of the global financial institutions.
If the interest of the currency you bought exceeds that of the sold one, you get the difference (the rollover).
Conversely, if the interest on the currency you bought is lower than that of the sold one, you owe the corresponding difference.
Rollover is incurred on the end position transferable from the previous day.
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