If the trader sells100000 euros on Tuesday, the investor must deliver on Thursday unless the euro position is postponed overnight. At 6: 00 a.m. Beijing time, traders will automatically extend all open positions overnight, so as to transfer the original foreign exchange positions to the next trading day before expiration. Related positions usually do not maintain the same interest rate swap point, which is based on the relevant currency combination. The overnight swap rate between the two currencies is different and changes with the daily price. For example, on a certain day, the number of interest rate swap points per hand of USD/JPY may be 0.50 USD, and the number of interest rate swap points per hand of GBP/JPY may be 2.0 USD. The overnight interest on the open position of funds in the account will increase or decrease.
If the customer uses a high-interest currency, the overnight interest on the open position will be added to the account funds. On the contrary, the related overnight interest will be deducted from the funds. Special note: Thursday's overnight interest will increase or decrease by three times compared with the usual day, because the delivery actually takes place on Saturday 1, two days after the weekend.