Glossary entry (derived from question below)
English term or phrase:
long charge
Arabic translation:
تكلفة الاحتفاظ/الامتلاك الطويل الأجل
Added to glossary by
Lamine Boukabour
Mar 21 22:15
2 mos ago
19 viewers *
English term
Long Charge
English to Arabic
Bus/Financial
Finance (general)
FOREX
Example: How to calculate CFD Swaps:
If US30 is subject to costs of 0.75 for short and -3.25 for long and you have an open position for one week has of 1 lot (100,000 USD).
- Long Charge for 1 week: - 3.25 x 7 = USD -22.75
- Short Credit for 1 week: -0.75 x 7 = USD -5.25
If the your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.
https://www1.equiti.com/support/commission-calculation
If US30 is subject to costs of 0.75 for short and -3.25 for long and you have an open position for one week has of 1 lot (100,000 USD).
- Long Charge for 1 week: - 3.25 x 7 = USD -22.75
- Short Credit for 1 week: -0.75 x 7 = USD -5.25
If the your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.
https://www1.equiti.com/support/commission-calculation
Proposed translations
(Arabic)
4 +1 | تكلفة الاحتفاظ/الامتلاك طويل الأجل | Lamine Boukabour |
Change log
Mar 22, 2024 09:21: Abdallah Ali changed "Term asked" from "Long Charge/Short Credit" to "Long Charge"
May 3, 2024 19:46: Lamine Boukabour Created KOG entry
Proposed translations
+1
12 hrs
Selected
تكلفة الاحتفاظ/الامتلاك طويل الأجل
In the context you provided, "Long Charge" refers to the cost incurred for holding a long position (buying an asset expecting its value to increase) over a certain period, typically calculated as a daily fee applied to the size of the position.
In the example you've given, the long charge for one week is calculated by multiplying the daily charge for holding the position (which is -3.25 in this case) by the number of days in a week (7). This results in a total charge of USD -22.75 for holding the position for one week.
In the example you've given, the long charge for one week is calculated by multiplying the daily charge for holding the position (which is -3.25 in this case) by the number of days in a week (7). This results in a total charge of USD -22.75 for holding the position for one week.
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