IG example of funding for your reference.
Example:
You’re long 1500 contracts on Commonwealth Bank of Australia
The contract value is AUD 1
The closing price is 83.90
The 1-month AUD LIBOR rate is 1.89%
Cost = 1500 x 1 x 83.90 x (2.5% + 1.89%) ÷ 360
= A$125,850 x 4.39% ÷ 360
= A$15.35 overnight charge
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $354.4M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.41 | $1.37 | $159.8K | 115.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12213 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 2568 | 3 |
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| Last trade - 13.49pm 20/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |