Why does my swap fee triple for positions held overnight on certain days?

If you hold a position overnight through a specific day, the swap fee (overnight financing charge) applied to your account may be three times the usual amount. This is due to the settlement day set by the international bank, which can be several days after the trading day.

Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), read our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

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PU Prime Trading Pty Ltd in Australia is licensed to provide financial services by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services Licence number 410681. PU Prime Trading Pty Ltd Registered Office: Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia.