We want to notify you that from Thursday (06/01/2022) onwards, JFD will end using the LIBOR benchmark interest rate for calculating the financing charges on CFDs on stocks and indices. Instead of the current benchmark, JFD will apply other internationally recognized and more precise indicators.
For more information please refer to the table below:
|Financial instrument||Old LIBOR rates||NEW rates||Addition|
|EUR based Indices + EUR based CFDs on stocks||EUR 3-month LIBOR||Euro Short-Term Rate (€STR)||+/-3.25%|
|USD based Indices + USD based CFDs on stocks||USD 3-month LIBOR||Secured Overnight Financing Rate (SOFR)||+/-3.25%|
|GBP based Indices + GBP based CFDs on stocks||GBP 3-month LIBOR||Sterling Overnight Index Average (SONIA)||+/-3.25%|
|CHF based Indices + CHF based CFDs on stocks||CHF 3-month LIBOR||Swiss Average Rate Overnight (SARON)||+/-3.25%|
|AUD based Indices||AUD 3-month LIBOR||AUD 1M Deposit [ADDRA CMPL Currency]||+/-3.25%|
|JPY based Indices||JPY 3-month LIBOR||Tokyo Overnight Average Rate (TONAR) or (TONA)||+/-3.25%|
|HKD based Indices||HKD 3- month LIBOR||HIBOR HKD 1M [HIHD01M Index]||+/-3.25%|
For more details, please visit our website, which will be updated accordingly on the respective date.