Overnight Policy

CFDs on cryptocurrencies are subject to overnight policy.

Dukascopy Bank's Overnight Policy is aimed at providing highly competitive rollover conditions to its clients in order to underline the Bank's leadership. Dukascopy Bank applies different rollover rates  to ensure that higher trading turnover for a client results in better overnight conditions.

The rollover policy of the client trading accounts is determined dynamically by the trading activity level (Trading Activity). Trading Activity is calculated as the total trading volume on all trading accounts of the client divided by the sum of the trading and overnight volume over the last 30 calendar days.

Trading Activity
=
Trading Volume
Trading Volume + Overnight Volume
x
100%

Note: The overnight volume is the sum of rollover open trades. The trading volume is the sum of all executed orders except for rollover trades.

Trading Activity reflects the trader's tendency to trade intraday more frequently than to keep positions overnight. Trading Activity is recalculated on a daily basis at the settlement time and the rollover policy is defined according to the percentage levels below:

Rollover Policy Required Trading Activity
Premium > 90%
Advanced >20 %
Regular < 20%

Advanced Rollover Policy is used by default in case of the absence of trading statistics over the last 30 days and it is provided as a target level which ensures attractive rollover rates for customers. Meanwhile, traders with a higher trading activity above 90% can benefit from premium swap rates. Clients are able to view the rollover policy applied to their accounts in the report called "Rollovers". For more information about Trading Activity, see the examples below.

 

Settlement Procedure

Settlement activities are conducted on a daily basis and include all post-trade operations such as trade settlements, rollovers, volume commissions and daily P L conversions and other end-of-day amendments (please refer to Overnight policy for related information on value date and overnights). Settlement procedure is applied at 21:00/22:00 GMT and is carried out automatically in the account's base currency. The account balance is updated on a daily basis after the settlement procedure. Clients are able to track balance history in various reports through the trading platform or through web based entry.

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