Weekly CFD Expiration Rollover

Each CFD trade has an expiration rollover date when positions are closed and profits and losses are settled at the end of the trading day. Through rollover, once a contract for difference ends, it also gets a new expiration date.

Friday, 24th of May - CFD Automatic Rollover



Gilt10Y, US30YBond, US10YNote will be rolled over from the June 2019 contract to the September 2019 contract on the 24th of May, 2019
HeatingOil and NaturalGas will be rolled over from the June 2019 contract to the July 2019 contract on the 24th of May, 2019
HongKong45, India50, MSCITaiwan, China50 will be rolled over from the May 2019 contract to the June 2019 contract on the 24th of May, 2019
BrentOil will be rolled over from the July 2019 contract to the August 2019 contract on the 24th of May, 2019


How do rollover expiration dates work?

Any of the existing pending orders (i.e. Take Profit, Stop Loss, Entry Limit or Entry Stop) that has been placed on an instrument will be adjusted to symmetrically (point-for-point) reflect the difference between the price of the expiring contract and the price of the new contract on rollover date, at 21:00 GMT.
Customers who hold positions open at 21:00 GMT on rollover date will be adjusted for the difference between the price of the expiring contract and the price of the new contract through a swap charge or credit which will be processed at 21:00 GMT, on their balance.
If the price of the new contract is higher than the price of the expiring contract, long position (buy) will be charged negative rollover adjustment and short position (sell) will be charged positive rollover adjustment.
Let us assume that the expiring contract on Oil trades at $70 and the new contract trades at $78.
If you have a BUY position of 10 contracts on Oil, you will register, when rollover is due time, an artificial profit of $8 (78-70) per each contract opened, as Oil price increases from $70 to $78, in favour of long trades.
If the price of the new contract is lower than the price of the expiring contract, long position (buy) will be charged positive rollover adjustment and short position (sell) will be charged negative rollover adjustment.
Let us assume that the expiring contract on Oil trades at $71 and the new contract trades at $68.
If you have a SELL position of 10 contracts on Oil, you will register, at rollover time, an artificial profit of $3 (71-68) per each contract opened, as Oil price drops from $71 to $68, in favour of short trades.
Therefore, a negative rollover adjustment will be processed in your account: Rollover adjustment = 10 contracts x contracts difference (71 - 68) x (-1) + 10 contracts x Oil Spread x (-1) = -$30 - $0.30 = - $30.30.
If you have a BUY position of 10 contracts on Oil, you will register, at rollover time, an artificial loss of $2 per each contract opened, as Oil price drops from $71 to $68 in disadvantage to long trades.
Therefore, a positive rollover adjustment will be processed in your account: Rollover adjustment = 10 contracts x contracts difference (71 - 68) + 10 contracts x Oil Spread x (-1) = $30 - $0.30 = + $29.70.
To avoid CFD rollover close your open position before the rollover date.