Here is an example of calculating Single Stock CFD finance charge on a long position for 1 day.
CFD Finance calculated as follows:
CFD Finance = (Open Position Amount x Price x (Interest Rate + (Markup or Markdown))) / 100 x Number of days / quotation (in day convention)
CFD Finance Calculation details:
Banco BPM CFD position value (Picture 1): EUR 27,660.00 (1,500 x 18.44000)
Number of interest days : 1 day
The applied rate (including a markup / markdown): 3.50%
Quotation (in day convention): 360
Therefore the interest can be calculated as follows (Picture 2):
27,660.00 x 3.5%
____________________ = - 2.69
To view historical CFD financing costs, go to Historic Reports > CFD Finance Details (see an example below).