Transaction Illustration
Transaction Calculation Formula
[ (Selling Price – Buying Price) x Contract Size x n Lot ] – [ (Facility Fee + VAT) x n Lot ]Notes:
- Contract Size:
- US $5 per point for periodic stock index rolling contracts
- 100 troy ounces for daily rolling Loco London gold contract
- n Lot: Number of lots traded
- Facility Fee: US $15 per lot per side (buy/sell)
- Total commission fee: US $30 for 1 lot settlement
- VAT: 11% of commission fee (US $1.65/lot/side)
- Total VAT fee: US $3.3 for 1 lot settlement
Roll Over (Overnight) Fees
| Contract | Fee per Night |
|---|---|
| HKK5U and HKK50 | US $3 / night |
| JPK5U and JPK50 | US $2 / night |
| XULF and XUL10 | US $5 / night |
Day Trade Example - Profit
A client opens a buy position in HKK5U at 24,600 points for 2 lots, then closes at 24,700 points.
P/L = [ ( Selling Price – Buying Price ) x Contract Size x n Lot ] – [ ( Fee US $ 10 + VAT ) x n Lot ]
P/L = [ ( 24.700 – 24.600 ) x US $ 5 x 2 lot ] – [ ( US $ 30 + US $ 3.3 ) x 2 lot ]
P/L = ( 100 poin x US $ 5 x 2 lot ) – ( US $ 33.3 x 2 )
P/L = US $ 1000 – US $ 66.6
P/L = US $ 933.4 (net profit)Day Trade Example - Loss
An investor predicts the Hang Seng Index will strengthen, opens a buy at 24,600 points for 1 lot, but closes at 24,550 points.
P/L = [ ( Selling Price – Buying Price ) x Contract Size x n Lot ] – [ ( Fee US $ 30 + VAT ) x n Lot ]
P/L = [ ( 24.550 – 24.600 ) x US $ 5 x 1 lot ] – [ ( US $ 30 + US $ 3.3 ) x 1 lot ]
P/L = ( – 50 poin x US $ 5 x 1 lot ) – ( US $ 33.3 x 1 lot )
P/L = – US $ 250 – US $ 33.3
P/L = – US $ 283.3 (net loss)Overnight Transaction Example
An investor predicts the Nikkei 225 will weaken, opens a sell at 14,850 points for 2 lots on June 10, and closes at 14,650 points on June 12.
P/L = [ ( Selling Price – Buying Price ) x Contract Size x n Lot ] - [ ( Fee US $ 30 + VAT ) x n Lot ]
P/L = [ ( 14.850 – 14.650 ) x US $ 5 x 2 lot ] – [ ( US $ 30 + US $ 3.3 ) x 2 lot ]
P/L = ( 200 poin x US $ 5 x 2 lot ) – ( US $ 33.3 x 2 lot )
P/L = US $ 2000 – US $ 66.6
P/L = US $ 1933.4 (gross profit)Gross profit = US $ 1933.4
Roll over fee (US $ 2 x 2 lots x 2 nights) = - US $ 8
Net profit = US $ 1925.4
Contract Codes & Types
| Contract Code | Base | Rate Category | Contract Type |
|---|---|---|---|
| GU1010_BBJ | GBP/USD | DIRECT | Daily Rolling Spot Contract of Great Britain Pound Sterling (GBP) vs US Dollar (USD) |
| EU1010_BBJ | EUR/USD | DIRECT | Daily Rolling Spot Contract of Euro (EUR) vs US Dollar (USD) |
| AU1010_BBJ | AUD/USD | DIRECT | Daily Rolling Spot Contract of Australian Dollar (AUD) vs US Dollar (USD) |
| UC1010_BBJ | USD/CHF | INDIRECT | Daily Rolling Spot Contract of US Dollar (USD) vs Swiss Franc (CHF) |
| UJ1010_BBJ | USD/JPY | INDIRECT | Daily Rolling Spot Contract of US Dollar (USD) vs Japanese Yen (JPY) |
Transaction Calculation Illustration
For DIRECT RATES:P/L = (Selling Price - Buying Price) x Contract Size x Number of Lots
For INDIRECT RATES:P/L = (Selling Price - Buying Price) x Contract Size x Number of Lots
EU1010_BBJ Example (Daytrade)
Client buys EU1010_BBJ at 1.3530 for 2 lots, then sells at 1.3540:
P/L = (1.3540 - 1.3530) x 100,000 x 2 - [($30 + $3.3) x 2]
= 0.0010 x 100,000 x 2 - ($33.3 x 2)
= $200 - $66.6
= $133.4 (profit)If price drops to 1.3525:
P/L = (1.3525 - 1.3530) x 100,000 x 2 - [($30 + $3.3) x 2]
= -0.0005 x 100,000 x 2 - $66.6
= -$100 - $66.6
= -$166.6 (loss)UJ1010_BBJ Example (Daytrade)
Client sells UJ1010_BBJ at 102.20 for 1 lot, then closes at 102.12:
P/L = (102.20 - 102.12) / 102.12 x 100,000 x 1 - [($30 + $3.3) x 1]
= 0.0007834 x 100,000 - $33.3
= $78.34 - $33.3
= $45.04 (profit)If price rises to 102.27:
P/L = (102.20 - 102.27) / 102.27 x 100,000 x 1 - [($30 + $3.3) x 1]
= -0.0006844 x 100,000 - $33.3
= -$68.44 - $33.3
= -$101.74 (loss)