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| TRADING INSTRUMENT | ROLL OVER DATE |
|---|---|
| Cotton | 3rd April 2020 |
| Cocoa | 14th August 2020 |
| Coffee | 14th August 2020 |
| Sugar | 10th April 2020 |
| Wheat | 21st August 2020 |
| Corn | 24th April 2020 |
| Soybeans | 24th April 2020 |
| Rice | 21st August 2020 |
| Copper | 21st August 2020 |
CFD Expiration Dates
Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely.
CFD instruments will be rolled over on the expiration dates as per the table below.
Please note that:
Positions which are still open at 22:00 GMT (21:00 DST) on the expiration date will be adjusted via a swap charge or credit to reflect the difference in price between the expiring and new contracts.
Any existing pending order(s) (i.e. Stop Loss, Take Profit, Entry Stop or Entry Limit) placed on an expiring instrument will be removed.
To avoid CFD rollovers, clients can close their CFD positions before the expiration date.
Example
Rollover during change of contract for 1 lot Buy on Coffee, average spread is 10 pips and Swap is -1.829 point
| Instrument | Old contract price | New contract price | Difference | Currency |
|---|---|---|---|---|
| Coffee | 116.00 | 119.50 | 3.50 | USD |
Here are the calculations for swap amount:
| Charge | Calculation | Amount in USD |
|---|---|---|
| CFD Rollover | volume*contract size*price difference | 3.500.00 |
| Swaps | Swaps*contract size*volume*days | -18.29 |
| Swaps total | CFD Rollover + Swaps | 3481.71 |
*Swaps charges are subject to change, please refer to our CFD’s list for updated values.
In case the liquidity of the CFD old contract being too small, and upon ZumaMarkets discretion, ZumaMarkets has the right to effect the rollover on an earlier date that the prescribed one.
The price differences between the price of the expiring Futures contract underlining your original CFD Order as at the expiration date and the price of the rolling over (new) Futures contract underlining your CFD Order (being the next underlining Future price referred to above) will be debited/credited to your Account by means of daily swaps or by making negative/positive adjustment into your Account, relative to the size of your order.