KCN 0.32% $1.54 kingsgate consolidated limited.

IG example of funding for your reference. Example:You’re long...

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    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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