Swap settings

The Profile swap rates selector allows to select a provider profile, then the swap rates set in the interest rates section for that profile will be applied to accounts with that tariff setting.

Duplicate external swaps is an option to duplicate external swaps that the external provider provides to the client. If this option is enabled, the swap passes through the real accounts first and then the system applies rates to client accounts with a markup. Even if you select this option, it is still recommended to fill in the interest rates.

There may be a situation when your overall external position at the provider is long, and inside the provider some clients also have long positions and some short. So the long swap will apply to those positions which are long, and the short swap will be free if the interest rates are not filled because the system can only duplicate existing positions. If the total position is long, and some of the clients have shorts, then there is nothing to duplicate, and it will take the rates in Interest rates.

Invert swap rates - there are different swap rates for long and for short in the system. This function allows to take long and vice versa for short.

Zero swaps - when enabled will be held at the current day's zero swap rate.

The Markup percent on swap price option allows the markup to be applied to the swap rate instead of the swap cost. For example, if the provider's swap rate is 10 points, and a 20% markup is specified, the client's swap cost will be 12 points.

Please note! When the option is enabled, the unit of change Percent per year is replaced by Percent. .

Swap markup is charged on the value that is set in Interest rates. If swap rates are not set in Interest rates it will not work.

To set markup for a swap, enter Edit mode, click the Add new markup button, and in the sidepage select an instrument group and choose the way it is calculated: percent/pips/point/absolute value.

For swaps, the option to set Negative markup is also available. If set, the value is applied for negative swap rates. If not, the value set in the Markup field is applied for negative swap rates.

Swap markup cost calculations

Please note! The Last price specified in the formulas below is the last saved tick on the swapped instrument. Prices are saved every 5 seconds.

Swap markup in pips

Interest rate in points, swap markup in pips:

Swap markup cost = Interest rate + Markup * Instrument MPI / Instrument pip size * sign.

Interest rate in absolute, swap markup in pips:

Swap markup cost = Interest rate + Markup / Instrument pip size * sign.

Interest rate in percent and swap markup in pips:

Swap markup cost = Last price * (Interest rate / 100) / instrument pip size / (days in swap / days in year) + markup * sign.

Interest rate in pips, swap markup in pips:

Swap markup cost = Interest rate + Markup * sign.

Swap markup in percent

Interest rate in points, swap markup in percent:

Swap markup cost = Last price * (Swap / 100) / Instrument MPI / days in year + markup * sign.

Interest rate in pips, swap markup in percent:

Swap markup cost = Last price * (Swap / 100) / Instrument pip size / days in year + markup * sign.

Interest rate in absolute, swap markup in percent:

Swap markup cost = Swap + Last price * (Swap / 100) / days in year * sign.

Interest rate in percent, swap markup in percent:

Swap markup cost = Swap + Markup * sign.

Swap markup in absolute

Interest rate in pips, swap markup in absolute:

Swap markup cost = (Interest rate / Instrument pip size) + markup * sign.

Interest rate in points, swap markup in absolute:

Swap markup cost = (Interest rate / Instrument MPI) + markup * sign.

Interest rate in percent, swap markup in absolute:

Swap markup cost = Interest rate + Last price * (Interest rate / 100) / days in year * sign.

Interest rate in absolute, swap markup in absolute:

Swap markup cost = Interest rate + Markup * sign.

Swap markup in points

Interest rate in pips, swap markup in points:

Swap markup cost = Swap + Markup * (Instrument pip size / instrument MPI * sign).

Interest rate in percent, swap markup in points:

Swap markup cost = Swap + Last price * (Swap / 100) / Instrument MPI / days in year * sign.

Interest rate in absolute, swap markup in points:

Swap markup cost = Swap + Markup / Instrument pip size * sign.

Interest rate in points, swap markup in points:

Swap markup cost = Swap + Markup * sign.

If Interest rate is none

Interest rate is none, swap markup in percent:

Markup * sign.

Interest rate is none, swap markup in points:

Markup * sign.

Interest rate is none, swap markup in pips:

Markup * sign.

Interest rate is none, swap markup in absolute:

Markup * sign