Weekly CFD Expiration Rollover

CFDs on Commodities, Indices, Bonds are based on the underlying Future contracts. These contracts have an expiration date. The CFDs are switched from the expiring Future contract to a new one, through the weekly Rollover.

23rd August – CFD Automatic Rollover

HongKong45, MSCITaiwan, India50 and China50 will be rolled over from the August 2019 contract to the September 2019 contract on the 23rd of August, 2019

NaturalGas and Heating Oil will be rolled over from the September 2019 contract to the October 2019 contract on the 23rd of August, 2019

Brent Oil will be rolled over from the October 2019 contract to the November 2019 contract on the 23rd of August, 2019

RICE will be rolled over from the September 2019 contract to the November 2019 contract on the 23rd August, 2019

COPPER, WHEAT, TNOTE10, TBOND30, GILT10Y and Palladium will be rolled over from the September 2019 contract to the December 2019 contract on the 23rd August, 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.