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roll-over

The process of extending the settlement value date on an open position forward to the next valid value date.

Spot Forex positions held at the end of the business day before their Value Date will be rolled over to a new Value Date on a Tom/Next basis. As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added a markup of +/- 0.25% (for private accounts).


See also:
swap, LIBOR, LIBID, value date



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