Swap Points Table
Valid from 2019.09.30 - 2019.10.06. Swap points are published in the minimum
quotation step for the financial instrument.
Instrument long swap short swap
EURUSD.pro -9.8538 5.1463
CADCHF.pro 3.4479 -6.9593
CADJPY.pro 2.0829 -5.8417
CHFJPY.pro -4.9057 -0.4515
EURCAD.pro -11.6540 5.2157
EURCHF.pro -1.4336 -3.7729
EURGBP.pro -5.0659 0.9726
EURJPY.pro -3.9404 -1.6351
GBPCAD.pro -7.6283 0.3009
GBPCHF.pro 2.5386 -8.4611
GBPJPY.pro 0.0561 -6.3991
GBPUSD.pro -6.9521 1.5937
USDCAD.pro -1.3988 -4.1597
USDCHF.pro 5.6771 -10.1919
USDJPY.pro 3.9609 -8.7919
AUDCHF.pro 1.4588 -4.7323
AUDCAD.pro -4.1016 0.0497
AUDJPY.pro 0.1013 -3.6073
AUDNZD.pro -3.5012 -1.2869
AUDUSD.pro -3.7516 0.7879
CHFPLN.pro -3.9125 1.8047
EURAUD.pro -9.4352 1.9276
EURCZK.pro -2.3101 1.0030
EURHUF.pro -1.3243 -0.2324
EURNOK.pro -7.3595 2.6966
EURNZD.pro -11.7103 4.1053
EURPLN.pro -3.7357 1.5352
EURSEK.pro -3.3465 -1.9040
EURTRY.pro -540.1210 166.8579
GBPAUD.pro -4.4763 -4.0659
GBPNZD.pro -6.5664 -2.0909
GBPPLN.pro -2.5427 0.0406
NZDJPY.pro 0.8840 -3.9503
NZDUSD.pro -2.7509 0.1741
USDCZK.pro -0.4600 -0.6771
USDHUF.pro 0.9380 -2.2861
USDNOK.pro -0.3786 -3.6610
USDPLN.pro -0.6126 -1.3013
USDSEK.pro 3.8210 -8.3805
USDTRY.pro -455.8140 114.8981
EURZAR.pro -61.4228 11.7161
USDZAR.pro -45.7210 0.5058
SILVER.pro -1.1339 0.7866
GOLD.pro -9.8038 6.7979
COPPER.pro -0.3818 0.2647
EURUSD.std -11.6703 3.3299
CADCHF.std 2.1942 -8.2132
CADJPY.std 0.7245 -7.2002
CHFJPY.std -6.7115 -2.2574
EURCAD.std -14.0612 2.8084
EURCHF.std -3.2446 -5.5838
EURGBP.std -6.5324 -0.4939
EURJPY.std -5.9025 -3.5973
GBPCAD.std -10.3264 -2.3976
GBPCHF.std 0.5087 -10.4911
GBPJPY.std -2.1433 -8.5986
GBPUSD.std -8.9882 -0.4423
USDCAD.std -3.6074 -6.3683
USDCHF.std 4.0155 -11.8535
USDJPY.std 2.1605 -10.5922
AUDCHF.std 0.3366 -5.8546
AUDCAD.std -5.5931 -1.4420
AUDJPY.std -1.1146 -4.8233
AUDNZD.std -5.2967 -3.0824
AUDUSD.std -4.8772 -0.3377
CHFPLN.std -4.5788 1.1381
EURAUD.std -12.1247 -0.7621
EURCZK.std -2.7400 0.5731
EURHUF.std -1.8819 -0.7902
EURNOK.std -9.0103 1.0456
EURNZD.std -14.6079 1.2074
EURPLN.std -4.4598 0.8110
EURSEK.std -5.1313 -3.6890
EURTRY.std -545.2574 161.7225
GBPAUD.std -7.4910 -7.0809
GBPNZD.std -9.8142 -5.3392
GBPPLN.std -3.3542 -0.7714
NZDJPY.std -0.2445 -5.0790
NZDUSD.std -3.7956 -0.8706
USDCZK.std -0.8544 -1.0716
USDHUF.std 0.4263 -2.7979
USDNOK.std -1.8932 -5.1758
USDPLN.std -1.2769 -1.9658
USDSEK.std 2.1835 -10.0183
USDTRY.std -460.5250 110.1882
EURZAR.std -62.8011 10.3377
USDZAR.std -46.9856 -0.7588
SILVER.std -1.2768 0.6436
GOLD.std -11.0396 5.5619
COPPER.std -0.4299 0.2166
AUDCAD -5.5931 -1.4420
AUDCHF 0.3366 -5.8546
AUDJPY -1.1146 -4.8233
AUDNZD -5.2967 -3.0824
AUDUSD -4.8772 -0.3377
CADCHF 2.1942 -8.2132
CADJPY 0.7245 -7.2002
CHFJPY -6.7115 -2.2574
CHFPLN -45.7880 11.3806
EURAUD -12.1247 -0.7621
EURCAD -14.0612 2.8084
EURCHF -3.2446 -5.5838
EURCZK -27.3996 5.7313
EURGBP -6.5324 -0.4939
EURHUF -18.8191 -7.9023
EURJPY -5.9025 -3.5973
EURNOK -90.1027 10.4562
EURNZD -14.6079 1.2074
EURPLN -44.5982 8.1098
EURSEK -51.3132 -36.8901
EURTRY -545.2574 161.7225
EURUSD -11.6703 3.3299
EURZAR -628.0107 103.3768
GBPAUD -7.4910 -7.0809
GBPCAD -10.3264 -2.3976
GBPCHF 0.5087 -10.4911
GBPJPY -2.1433 -8.5986
GBPPLN -33.5418 -7.7137
GBPUSD -8.9882 -0.4423
NZDJPY -0.2445 -5.0790
NZDUSD -3.7956 -0.8706
USDCAD -3.6074 -6.3683
USDCHF 4.0155 -11.8535
USDCZK -8.5436 -10.7155
USDHUF 4.2635 -27.9791
USDJPY 2.1605 -10.5922
USDNOK -18.9324 -51.7581
USDPLN -12.7695 -19.6580
USDSEK 21.8347 -100.1825
USDTRY -460.5250 110.1882
USDZAR -469.8558 -7.5876
USDMXN -59.0067 7.1877
XAGUSD -1.2768 0.6436
XAUUSD -11.0396 5.5619
COPPER -0.4299 0.2166
AUDCAD.stp -4.1016 0.0497
AUDCHF.stp 1.4588 -4.7323
AUDJPY.stp 0.1013 -3.6073
AUDNZD.stp -3.5012 -1.2869
AUDUSD.stp -3.7516 0.7879
CADCHF.stp 3.4479 -6.9593
CADJPY.stp 2.0829 -5.8417
CHFJPY.stp -4.9057 -0.4515
CHFPLN.stp -3.9125 1.8047
EURAUD.stp -9.4352 1.9276
EURCAD.stp -11.6540 5.2157
EURCHF.stp -1.4336 -3.7729
EURGBP.stp -5.0659 0.9726
EURJPY.stp -3.9404 -1.6351
EURNOK.stp -73.5948 26.9661
EURNZD.stp -11.7103 4.1053
EURPLN.stp -3.7357 1.5352
EURSEK.stp -33.4649 -19.0402
EURTRY.stp -540.1210 166.8579
EURUSD.stp -9.8538 5.1463
GBPAUD.stp -4.4763 -4.0659
GBPCAD.stp -7.6283 0.3009
GBPCHF.stp 2.5386 -8.4611
GBPJPY.stp 0.0561 -6.3991
GBPNZD.stp -6.5664 -2.0909
GBPPLN.stp -2.5427 0.0406
GBPUSD.stp -6.9521 1.5937
NZDUSD.stp -2.7509 0.1741
USDCAD.stp -1.3988 -4.1597
USDCHF.stp 5.6771 -10.1919
USDHKD.stp -4.3551 -31.1394
USDJPY.stp 3.9609 -8.7919
USDNOK.stp -3.7865 -36.6097
USDPLN.stp -0.6126 -1.3013
USDSEK.stp 38.2105 -83.8046
USDTRY.stp -455.8140 114.8981
XAGUSD.stp -11.3388 7.8664
XAUUSD.stp -98.0382 67.9786
3M -2.0720 -0.2143
AMAZON -21.7190 -2.2460
AIG -0.7068 -0.0731
APPLE -2.7546 -0.2848
AT&T -0.4717 -0.0488
BABA -2.0883 -0.2159
BOEING -4.8193 -0.4984
CHEVRON -1.4929 -0.1544
CISCO -0.6148 -0.0636
CITI -0.8743 -0.0904
COCACOLA -0.6836 -0.0707
EBAY -0.4827 -0.0499
EXXONM -0.9000 -0.0931
FACEBOOK -2.2289 -0.2305
GE -0.1138 -0.0118
GMOTORS -0.4712 -0.0487
GOOGLE -15.4316 -1.5961
IBM -1.8037 -0.1865
INTEL -0.6391 -0.0661
J&J -1.6186 -0.1674
JPMORGAN -1.4819 -0.1532
MCDONALD -2.6829 -0.2775
MICROSFT -1.7338 -0.1793
PFIZER -0.4559 -0.0471
P&G -1.5679 -0.1621
STBUCKS -1.1122 -0.1150
WALMART -1.4906 -0.1541
GOLDMAN -2.6308 -0.2721
UPS -1.4977 -0.1549
ALCOA -0.2593 -0.0268
AMERICANEXP -1.4934 -0.1544
BOA -0.3693 -0.0382
CATERPILLAR -1.5937 -0.1648
SNAP -0.2015 -0.0208
DISNEY -1.6361 -0.1692
FORD -0.1142 -0.0118
FEDEX -1.8247 -0.1887
HARLEY-DAVI -0.4494 -0.0465
HP -0.1887 -0.0195
NIKE -1.1618 -0.1201
PEPSI -1.7062 -0.1764
PM -0.9457 -0.0978
TWITTER -0.5202 -0.0538
VISA -2.1901 -0.2264
PAYPAL -1.2864 -0.1330
TESLA -3.0463 -0.3151
NETFLIX -3.3115 -0.3424
LYFT -0.5257 -0.0544
PINTEREST -0.3405 -0.0352
UBER -0.3922 -0.0406
BASF -3.5316 -5.3331
DTELEKOM -0.8500 -1.2835
ALLIANZ -11.7758 -17.7840
BAYER -3.5936 -5.4267
BEIERSDO -5.9820 -9.0361
DAIMLERC -2.5115 -3.7899
DBANK -0.3811 -0.5755
SIEMENS -5.4076 -8.1663
LUFTHANS -0.8029 -1.2128
CECONOMY -0.2753 -0.4163
ADIDAS -15.6549 -23.6451
BMW -3.5593 -5.3749
COMMERZBANK -0.2950 -0.4457
CONTINENTAL -6.4833 -9.7923
HENKEL -4.9770 -7.5197
RWE -1.5826 -2.3904
THYSSEN -0.7003 -1.0586
VOLKSWAGEN -8.6796 -13.1218
BARCLAYS -1.3280 -0.7384
GSK -15.4107 -8.5683
M&S -1.6301 -0.9070
RBS -1.8392 -1.0234
ROLLS-ROYCE -7.0045 -3.8970
RIOTINTO -37.0653 -20.6108
SHELL -20.9582 -11.6539
STAN -6.0308 -3.3547
TESCO -2.1447 -1.1933
UNILEVER -42.9508 -23.8828
VODAFONE -1.4314 -0.7958
SANTANDER -0.2056 -0.3104
TELEFONICA -0.3863 -0.5833
BBVA -0.2632 -0.3976
IBERDOLA -0.5245 -0.7921
REPSOL -0.7880 -1.1902
CAIXABANK -0.1335 -0.2016
REDELECTRIC -1.0254 -1.5490
GRIFOLS -1.5030 -2.2701
BANKINTER -0.3200 -0.4833
MAPFRE -0.1370 -0.2070
ACS -2.0148 -3.0438
AMADEUS -3.6013 -5.4392
INDITEX -1.5677 -2.3679
ACERINOX -0.4355 -0.6581
AENA -9.2967 -14.0409
BANKIA -0.0960 -0.1450
IAG -0.2966 -0.4483
SACYR -0.1295 -0.1960
TECNICAS -1.2362 -1.8699
BOGDANKA -40.6211 -8.6166
BUDIMEX -142.7962 -30.4142
CCC -155.0164 -32.6786
MBANK -394.8959 -83.2816
ASSECOPL -57.7068 -12.1800
SANTANDERPL -350.5408 -74.1764
EUROCASH -23.5127 -4.9578
KGHM -89.7285 -18.9207
LOTOS -100.3420 -21.1565
MILLENNI -6.4948 -1.3694
NETIA -4.9899 -1.0583
ORANGEPL -6.2346 -1.3145
PEKAO -115.8097 -24.4077
PGE -8.7126 -1.8372
PGNIG -5.3181 -1.1222
PKNORLEN -111.5439 -23.5115
PKOBP -44.2645 -9.3316
CDPROJEKT -275.8614 -58.1589
PZU -42.3636 -8.9288
CYFRPLST -29.8265 -6.2974
ALIOR -44.4003 -9.3817
HANDLOWY -58.0463 -12.2753
CIECH -37.2832 -7.8658
INGBSK -224.4910 -47.5282
JSW -24.5311 -5.1771
PKPCARGO -28.1745 -5.9589
TAURON -1.7188 -0.3625
LPP -9651.7534 -2036.7534
DINO -175.6274 -37.0443
ASHR.ETF -0.3395 -0.0351
DBA.ETF -0.1979 -0.0205
DBC.ETF -0.1910 -0.0198
EEM.ETF -0.5117 -0.0529
EFA.ETF -0.8177 -0.0846
EWA.ETF -0.2803 -0.0290
EWW.ETF -0.5365 -0.0555
EWY.ETF -0.6979 -0.0722
EWZ.ETF -0.5316 -0.0550
FXI.ETF -0.4967 -0.0514
GLD.ETF -1.7752 -0.1835
HYG.ETF -1.0961 -0.1133
IVV.ETF -3.7385 -0.3865
IYR.ETF -1.1730 -0.1213
OIH.ETF -0.1489 -0.0154
SLV.ETF -0.2057 -0.0213
SPY.ETF -3.7177 -0.3844
SSO.ETF -1.6016 -0.1657
SVXY.ETF -0.6635 -0.0686
TBT.ETF -0.3079 -0.0319
VNQ.ETF -1.1715 -0.1211
VXXB.ETF -0.3076 -0.0318
XHB.ETF -0.5478 -0.0567
XLB.ETF -0.7267 -0.0751
XLE.ETF -0.7503 -0.0776
XLF.ETF -0.3530 -0.0365
XLI.ETF -0.9755 -0.1009
XLP.ETF -0.7695 -0.0796
XLU.ETF -0.8143 -0.0842
XLV.ETF -1.1243 -0.1163
XLY.ETF -1.5062 -0.1557
BITCOIN -156.8432 -66.9394
BTCUSD -558.4332 -468.5759
ETHUSD -120.2448 -100.9458
LTCUSD -38.0595 -31.9684
BCHUSD -15.5874 -13.1396
XRPUSD -17.8200 -14.9800
The maximum size of the interest rate margin for calculating swap points has been
specified in the TMS Fee and Commission Table.
To establish the above-mentioned Swap Points, TMS applied a margin in the
amount of:
TMS
The amount of interest rate commission in order to swap points calculation
EURTRY, USDTRY, EURZAR, USDZAR ,USDMXN, EURTRY.stp,
USDTRY.stp, EURTRY.std, USDTRY.std, EURZAR.std, USDZAR.std,
EURTRY.pro, USDTRY.pro, EURZAR.pro, USDZAR.pro
4,00%
Stocks and ETF's 2,50%
Other FX (.pro) + FX (.stp), XAGUSD.stp, XAUUSD.stp, COPPER.pro,
GOLD.pro, SILVER.pro 0,35%
Other FX + FX(.std) oraz COPPER, XAGUSD, XAUUSD, COPPER.std,
GOLD.std, SILVER.std 0,65%
BITCOIN 5,00%
BTCUSD, ETHUSD, LTCUSD, BCHUSD, XRPUSD 23,00%
Formulas for calculating CFD swap points based on currencies, cryptocurrencies, gold,
silver and copper (swap points for CFDs based on cryptocurrencies, gold, silver,
copper, DE30., US100., FR40., US500., GB100., US30., EU50., ES35., IT40. and
CH20. are calculated based on the formula used to determine swap points for currency
instruments, with the reservation, however, that the interest rate is determined only for
one currency in which the underlying instrument is quoted).
𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = −(𝑠𝑝𝑜𝑡𝐵𝐼𝐷 ×(1 + (deposit rate of quoted currency𝐴𝑆𝐾 + markup) ×
1𝑇
)
(1 + (deposit rate of base currency𝐵𝐼𝐷 − markup) ×1𝑇
)− 𝑠𝑝𝑜𝑡𝐵𝐼𝐷) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟
𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = (𝑠𝑝𝑜𝑡𝐴𝑆𝐾 ×(1 + (deposit rate of quoted currency𝐵𝐼𝐷 − markup) ×
1𝑇
)
(1 + (deposit rate of base currency𝐴𝑆𝐾 + markup) ×1𝑇
)− 𝑠𝑝𝑜𝑡𝐴𝑆𝐾) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟
long swap - the value of swap points calculated for long position;
short swap – the value of swap points calculated for a short position;
spot BID,ASK – exchange rate of a given currency pair in the moment of calculating
BID or ASK swap points;
markup – the amount of commission that TMS Brokers imposes on the interest rate;
T - means the number of days according to the convention adopted for a given currency
(eg for USD, the year has 360 days, while for PLN 365 days);
multiplier - the coefficient resulting from the minimum step of quotations, e.g. for
EURUSD, the minimum step of quotations is 0.00001, therefore the multiplier for the
calculation of swap points will be 100 000;
deposit rate of base/quoted currency BID,ASK - for calculating swap points, TMS
EUROPE accepts quotes from the interbank market based on the instruments
presented in the table below:
Currency Bloomberg ticker Day counting
convention (T)
Deposit rate
EUR EUDR1Z CMPN Curncy 360 Euro 1 Week Deposit
USD USDR1Z CMPN Curncy 360 United States Dollar 1 Week Deposit
PLN PZDR1Z CMPN Curncy 365 Polish Zloty 1 Week Deposit
CAD CDDR1Z CMPN Curncy 360 Canadian Dollar 1 Week Deposit
JPY JYDR1Z CMPN Curncy 360 Japanese Yen 1 Week Deposit
GBP BPDR1Z CMPN Curncy 365 British Pound 1 Week Deposit
CHF SFDR1Z Curncy 360 Swiss Franc 1 Week Deposit
AUD ADDR1Z CMPN Curncy 360 Australian Dollar 1 Week Deposit
NZD NDDR1Z CMPN Curncy 360 New Zealand Dollar 1 Week Deposit
CZK CKDR1Z Curncy 360 Czech Koruna 1 Week Deposit
SEK SKDR1Z Curncy 360 Swedish Krona 1 Week Deposit
NOK NKDR1Z Curncy 360 Norwegian Krone 1 Week Deposit
ZAR SADR1Z CURNCY 360 South African Rand 1 Week Deposit
HUF HFDR1Z Curncy 360 Hungarian Forint 1 Week Deposit
RON RNDR1Z CMPN Curncy 360 Romanian Leu 1 Week Deposit
HKD HDDR1Z Curncy 360 Hong Kong Dollar 1 Week Deposit
TRY TYDR1Z CMPN Curncy 360 Turish Lira 1 Week Deposit
MXN MXNI1M CMPN Curncy 360 Mexican Peso 1 Month Froward Implied Yeld
Example.
Calculation for EURUSD
spot BID : 1,2114
spot ASK : 1,2115
T: 360
Markup: 0,65%
deposit rate of base currency BID : -0,5%
deposit rate of base currency ASK : -0,37%
deposit rate of quoted currency BID : 1,74%
deposit rate of quoted currency ASK : 1,82%
𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = − (1,2114 ×(1 + (1,82% + 0,65%) ×
1360
)
(1 + ((−0,5%) − 0,65%) ×1
360)
− 1,2114) × 100000 = −12,1817
𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = (1,2115 ×(1 + (1,74% − 0,65%) ×
1360
)
(1 + ((−0,37) + 0,65%) ×1
360)
− 1,2115) × 100000 = 2,7259
Formulas for calculation of swap points for CFD based on value of shares and ETFs.
𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = −spot𝐵𝐼𝐷 ((𝑑𝑒𝑝𝑜𝑠𝑖𝑡 𝑟𝑎𝑡𝑒 + markup) ×1
𝑇) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟
𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = spot𝐴𝑆𝐾 ((𝑑𝑒𝑝𝑜𝑠𝑖𝑡 𝑟𝑎𝑡𝑒 − markup) ×1
𝑇) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟
long swap - the value of swap points calculated for long position;
short swap – the value of swap points calculated for a short position;
spot BID,ASK – exchange rate of a given currency pair in the moment of calculating
BID or ASK swap points;
markup – the amount of commission that TMS Brokers imposes on the interest rate;
T - means the number of days according to the convention adopted for a given currency
(eg for USD, the year has 360 days, while for PLN 365 days);
multiplier - the coefficient resulting from the minimum step of quotations, e.g. for
EURUSD, the minimum step of quotations is 0.00001, therefore the multiplier for the
calculation of swap points will be 100,000;
deposit rate of quoted currency BID,ASK - for calculating swap points, TMS Brokers
accepts quotes from the interbank market based on the instruments presented in the
table below:
Currency Bloomberg ticker Day counting convention (T) Deposit rate
USD US0001M Index 360 ICE LIBOR USD 1 Month
EUR EE0001M Index 360 ICE LIBOR EUR 1 Month
PLN WIBR1M Index 365 GPW Benchmark WIBOR PLN 1 Month
GBP BP0001M Index 365 ICE LIBOR GBO 1 Month
