Common use of Daily Interest Clause in Contracts

Daily Interest. 6.1 Daily Interest (DI) is debited for long share CFD trades and credited for short share CFD trades, unless Euribor 3M is less than 2.5%, in which case short positions will also incur a debit. The amount is based on the number of shares held (Ns), the official closing price of the shares (Cp), Euribor 3M +/- [long position/short position] 2.5%* and divided by a 360 day period. DI=Ns x Cp x {Euribor 3M + 2.5%} For long positions: Always debited from clients’ account For short positions: Either be credited/ be debited from client account