Often referred to as Rollover Interest, swaps are charged or paid when holding an open position overnight. Swap Rates are determined by the difference in the interest rates between the base and quote currency and whether the position held is long or short.

As Today Markets does not arrange for the physical delivery of trades, all positions left open at the end of the day will be rolled over to the following trading day and be subject to interest rate swaps. These are automatically calculated and settled at 21:59 GMT (Server Time 22:59) on a daily basis.