Swap Points Table
Valid from 2019.11.04–2019.11.10. Swap points are published in the minimum
quotation step for the financial instrument.
Instrument Long swap Short swap
EURUSD.pro -8.9624 3.6283
CADCHF.pro 2.8162 -7.2915
CADJPY.pro 2.0612 -6.8482
CHFJPY.pro -4.4063 -1.4943
EURCAD.pro -13.0933 4.6911
EURCHF.pro -2.1752 -3.6613
EURGBP.pro -5.1440 0.7103
EURJPY.pro -3.9016 -2.3209
GBPCAD.pro -9.4588 -0.3912
GBPCHF.pro 1.7579 -8.6072
GBPJPY.pro 0.1786 -7.4838
GBPUSD.pro -6.0431 -0.2256
USDCAD.pro -4.1284 -3.0326
USDCHF.pro 3.7594 -8.7131
USDJPY.pro 2.7714 -8.0437
AUDCHF.pro 0.6257 -4.6934
AUDCAD.pro -5.4780 -0.3282
AUDJPY.pro -0.2498 -4.1007
AUDNZD.pro -4.2340 -1.8787
AUDUSD.pro -3.5504 -0.2111
CHFPLN.pro -3.5958 1.3676
EURAUD.pro -9.8290 0.5835
EURCZK.pro -2.3463 0.9571
EURHUF.pro -1.6218 -1.2578
EURNOK.pro -7.9195 2.1141
EURNZD.pro -11.8520 3.1321
EURPLN.pro -3.6301 1.2715
EURSEK.pro -3.5883 -2.9660
EURTRY.pro -312.7862 102.4779
GBPAUD.pro -5.1105 -5.7280
GBPNZD.pro -6.9913 -3.2501
GBPPLN.pro -2.5494 -0.2161
NZDJPY.pro 0.7755 -4.3437
NZDUSD.pro -2.3777 -0.6794
USDCZK.pro -0.7809 -0.4001
USDHUF.pro 0.2448 -2.7430
USDNOK.pro -1.8427 -3.1054
USDPLN.pro -1.0485 -0.9586
USDSEK.pro 2.3109 -7.9168
USDTRY.pro -247.1934 60.4365
EURZAR.pro -55.6580 10.1166
USDZAR.pro -41.2911 0.9060
SILVER.pro -0.9943 0.5879
GOLD.pro -8.3077 4.9098
COPPER.pro -0.3227 0.1908
EURUSD.std -10.8232 1.7676
CADCHF.std 1.5645 -8.5431
CADJPY.std 0.6871 -8.2224
CHFJPY.std -6.2359 -3.3240
EURCAD.std -15.5408 2.2436
EURCHF.std -4.0135 -5.4995
EURGBP.std -6.5745 -0.7202
EURJPY.std -5.9197 -4.3390
GBPCAD.std -12.2713 -3.2038
GBPCHF.std -0.3545 -10.7196
GBPJPY.std -2.1404 -9.8029
GBPUSD.std -8.1814 -2.3640
USDCAD.std -6.3206 -5.2247
USDCHF.std 2.1130 -10.3596
USDJPY.std 0.9640 -9.8512
AUDCHF.std -0.5120 -5.8311
AUDCAD.std -6.9927 -1.8430
AUDJPY.std -1.4987 -5.3496
AUDNZD.std -6.0230 -3.6680
AUDUSD.std -4.7020 -1.3627
CHFPLN.std -4.2345 0.7285
EURAUD.std -12.5219 -2.1096
EURCZK.std -2.7716 0.5317
EURHUF.std -2.1685 -1.8046
EURNOK.std -9.6106 0.4228
EURNZD.std -14.7429 0.2409
EURPLN.std -4.3348 0.5667
EURSEK.std -5.3677 -4.7455
EURTRY.std -318.0873 97.1766
GBPAUD.std -8.2050 -8.8228
GBPNZD.std -10.3132 -6.5727
GBPPLN.std -3.3588 -1.0263
NZDJPY.std -0.3878 -5.5071
NZDUSD.std -3.4504 -1.7522
USDCZK.std -1.1618 -0.7811
USDHUF.std -0.2448 -3.2328
USDNOK.std -3.3573 -4.6203
USDPLN.std -1.6796 -1.5899
USDSEK.std 0.7172 -9.5107
USDTRY.std -251.9401 55.6897
EURZAR.std -57.0372 8.7370
USDZAR.std -42.5264 -0.3295
SILVER.std -1.1450 0.4372
GOLD.std -9.5665 3.6509
COPPER.std -0.3716 0.1419
AUDCAD -6.9927 -1.8430
AUDCHF -0.5120 -5.8311
AUDJPY -1.4987 -5.3496
AUDNZD -6.0230 -3.6680
AUDUSD -4.7020 -1.3627
CADCHF 1.5645 -8.5431
CADJPY 0.6871 -8.2224
CHFJPY -6.2359 -3.3240
CHFPLN -42.3454 7.2847
EURAUD -12.5219 -2.1096
EURCAD -15.5408 2.2436
EURCHF -4.0135 -5.4995
EURCZK -27.7163 5.3170
EURGBP -6.5745 -0.7202
EURHUF -21.6852 -18.0459
EURJPY -5.9197 -4.3390
EURNOK -96.1056 4.2281
EURNZD -14.7429 0.2409
EURPLN -43.3476 5.6673
EURSEK -53.6769 -47.4552
EURTRY -318.0873 97.1766
EURUSD -10.8232 1.7676
EURZAR -570.3724 87.3697
GBPAUD -8.2050 -8.8228
GBPCAD -12.2713 -3.2038
GBPCHF -0.3545 -10.7196
GBPJPY -2.1404 -9.8029
GBPPLN -33.5877 -10.2627
GBPUSD -8.1814 -2.3640
NZDJPY -0.3878 -5.5071
NZDUSD -3.4504 -1.7522
USDCAD -6.3206 -5.2247
USDCHF 2.1130 -10.3596
USDCZK -11.6182 -7.8110
USDHUF -2.4482 -32.3281
USDJPY 0.9640 -9.8512
USDNOK -33.5732 -46.2025
USDPLN -16.7959 -15.8985
USDSEK 7.1717 -95.1066
USDTRY -251.9401 55.6897
USDZAR -425.2643 -3.2946
USDMXN -56.8757 6.5214
XAGUSD -1.1450 0.4372
XAUUSD -9.5665 3.6509
COPPER -0.3716 0.1419
AUDCAD.stp -5.4780 -0.3282
AUDCHF.stp 0.6257 -4.6934
AUDJPY.stp -0.2498 -4.1007
AUDNZD.stp -4.2340 -1.8787
AUDUSD.stp -3.5504 -0.2111
CADCHF.stp 2.8162 -7.2915
CADJPY.stp 2.0612 -6.8482
CHFJPY.stp -4.4063 -1.4943
CHFPLN.stp -3.5958 1.3676
EURAUD.stp -9.8290 0.5835
EURCAD.stp -13.0933 4.6911
EURCHF.stp -2.1752 -3.6613
EURGBP.stp -5.1440 0.7103
EURJPY.stp -3.9016 -2.3209
EURNOK.stp -79.1948 21.1406
EURNZD.stp -11.8520 3.1321
EURPLN.stp -3.6301 1.2715
EURSEK.stp -35.8831 -29.6597
EURTRY.stp -312.7862 102.4779
EURUSD.stp -8.9624 3.6283
GBPAUD.stp -5.1105 -5.7280
GBPCAD.stp -9.4588 -0.3912
GBPCHF.stp 1.7579 -8.6072
GBPJPY.stp 0.1786 -7.4838
GBPNZD.stp -6.9913 -3.2501
GBPPLN.stp -2.5494 -0.2161
GBPUSD.stp -6.0431 -0.2256
NZDUSD.stp -2.3777 -0.6794
USDCAD.stp -4.1284 -3.0326
USDCHF.stp 3.7594 -8.7131
USDHKD.stp -18.0708 -19.1595
USDJPY.stp 2.7714 -8.0437
USDNOK.stp -18.4272 -31.0544
USDPLN.stp -1.0485 -0.9586
USDSEK.stp 23.1086 -79.1676
USDTRY.stp -247.1934 60.4365
XAGUSD.stp -9.9434 5.8793
XAUUSD.stp -83.0775 49.0984
3M -2.0185 -0.3428
AMAZON -21.2699 -3.6116
AIG -0.6379 -0.1084
APPLE -3.0374 -0.5158
AT&T -0.4622 -0.0785
BABA -2.0946 -0.3558
BOEING -4.0953 -0.6957
CHEVRON -1.3792 -0.2342
CISCO -0.5583 -0.0948
CITI -0.8768 -0.1489
COCACOLA -0.6398 -0.1087
EBAY -0.4183 -0.0710
EXXONM -0.8261 -0.1403
FACEBOOK -2.2995 -0.3905
GE -0.1231 -0.0209
GMOTORS -0.4508 -0.0766
GOOGLE -15.1139 -2.5663
IBM -1.6088 -0.2732
INTEL -0.6708 -0.1139
J&J -1.5578 -0.2645
JPMORGAN -1.5175 -0.2577
MCDONALD -2.3028 -0.3910
MICROSFT -1.7063 -0.2897
PFIZER -0.4559 -0.0774
P&G -1.4703 -0.2497
STBUCKS -0.9883 -0.1678
WALMART -1.3965 -0.2371
GOLDMAN -2.5813 -0.4384
UPS -1.4192 -0.2410
ALCOA -0.2597 -0.0441
AMERICANEXP -1.4144 -0.2402
BOA -0.3776 -0.0641
CATERPILLAR -1.7153 -0.2913
SNAP -0.1801 -0.0306
DISNEY -1.5759 -0.2676
FORD -0.1054 -0.0179
FEDEX -1.8581 -0.3155
HARLEY-DAVI -0.4670 -0.0793
HP -0.1961 -0.0333
NIKE -1.0586 -0.1798
PEPSI -1.6254 -0.2760
PM -0.9850 -0.1673
TWITTER -0.3517 -0.0597
VISA -2.1476 -0.3647
PAYPAL -1.2465 -0.2117
TESLA -3.7187 -0.6316
NETFLIX -3.4069 -0.5787
LYFT -0.5152 -0.0875
PINTEREST -0.2525 -0.0429
UBER -0.3824 -0.0651
BASF -3.8672 -5.8628
DTELEKOM -0.8609 -1.3051
ALLIANZ -12.2061 -18.5064
BAYER -3.9075 -5.9239
BEIERSDO -5.8022 -8.7950
DAIMLERC -2.9784 -4.5189
DBANK -0.3745 -0.5679
SIEMENS -5.8983 -8.9423
LUFTHANS -0.8778 -1.3314
CECONOMY -0.2543 -0.3863
ADIDAS -15.5130 -23.5232
BMW -3.9379 -5.9707
COMMERZBANK -0.3125 -0.4740
CONTINENTAL -7.0521 -10.6980
HENKEL -5.2755 -8.0017
RWE -1.5220 -2.3096
THYSSEN -0.7497 -1.1372
VOLKSWAGEN -9.7743 -14.8327
BARCLAYS -1.4720 -0.8187
GSK -15.5393 -8.6418
M&S -1.6120 -0.8969
RBS -1.9034 -1.0592
ROLLS-ROYCE -6.5450 -3.6405
RIOTINTO -37.5627 -20.8849
SHELL -20.2230 -11.2452
STAN -6.3055 -3.5064
TESCO -2.0927 -1.1649
UNILEVER -40.6398 -22.6004
VODAFONE -1.3999 -0.7785
SANTANDER -0.2047 -0.3104
TELEFONICA -0.3817 -0.5789
BBVA -0.2666 -0.4044
IBERDOLA -0.5052 -0.7660
REPSOL -0.8463 -1.2833
CAIXABANK -0.1473 -0.2234
REDELECTRIC -1.0025 -1.5213
GRIFOLS -1.6209 -2.4586
BANKINTER -0.3534 -0.5362
MAPFRE -0.1404 -0.2131
ACS -2.0515 -3.1122
AMADEUS -3.7386 -5.6703
INDITEX -1.5673 -2.3766
ACERINOX -0.4844 -0.7369
AENA -9.2360 -14.0085
BANKIA -0.0984 -0.1492
IAG -0.3509 -0.5322
SACYR -0.1463 -0.2224
TECNICAS -1.2830 -1.9515
BOGDANKA -40.5079 -8.5808
BUDIMEX -152.5271 -32.1781
CCC -127.9734 -26.9819
MBANK -449.2082 -94.8658
ASSECOPL -59.2910 -12.5375
SANTANDERPL -360.2718 -75.9879
EUROCASH -25.3005 -5.3392
KGHM -97.7848 -20.6130
LOTOS -109.8693 -23.1968
MILLENNI -6.9757 -1.4742
NETIA -5.1597 -1.0964
ORANGEPL -7.2134 -1.5219
PEKAO -121.9764 -25.7067
PGE -9.5250 -2.0070
PGNIG -5.5104 -1.1617
PKNORLEN -119.6568 -25.2300
PKOBP -44.5701 -9.3960
CDPROJEKT -289.7789 -61.0668
PZU -41.6395 -8.7763
CYFRPLST -31.6369 -6.6692
ALIOR -31.2975 -6.6072
HANDLOWY -58.2726 -12.3230
CIECH -39.2067 -8.2948
INGBSK -223.1332 -47.0515
JSW -21.0913 -4.4620
PKPCARGO -26.5338 -5.6014
TAURON -1.9360 -0.4081
LPP -9453.7397 -1993.8493
DINO -174.9485 -36.9012
ASHR.ETF -0.3389 -0.0576
DBA.ETF -0.1907 -0.0324
DBC.ETF -0.1853 -0.0315
EEM.ETF -0.5131 -0.0872
EFA.ETF -0.8074 -0.1371
EWA.ETF -0.2700 -0.0459
EWW.ETF -0.5357 -0.0910
EWY.ETF -0.7134 -0.1212
EWZ.ETF -0.5352 -0.0909
FXI.ETF -0.4987 -0.0847
GLD.ETF -1.6927 -0.2875
HYG.ETF -1.0309 -0.1751
IVV.ETF -3.6558 -0.6208
IYR.ETF -1.1181 -0.1899
OIH.ETF -0.1392 -0.0236
SLV.ETF -0.2008 -0.0341
SPY.ETF -3.6352 -0.6173
SSO.ETF -1.6158 -0.2744
SVXY.ETF -0.7028 -0.1193
TBT.ETF -0.2977 -0.0506
VNQ.ETF -1.1193 -0.1901
VXXB.ETF -0.2239 -0.0380
XHB.ETF -0.5471 -0.0929
XLB.ETF -0.7003 -0.1189
XLE.ETF -0.7044 -0.1196
XLF.ETF -0.3455 -0.0587
XLI.ETF -0.9521 -0.1617
XLP.ETF -0.7257 -0.1232
XLU.ETF -0.7611 -0.1292
XLV.ETF -1.1265 -0.1913
XLY.ETF -1.4439 -0.2452
BITCOIN -168.2400 -87.7212
BTCUSD -628.4710 -548.0657
ETHUSD -124.8425 -108.9269
LTCUSD -41.0691 -35.8476
BCHUSD -19.8900 -17.4059
XRPUSD -20.0190 -17.4654
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 0,40%
Other FX + FX(.std) oraz COPPER, XAGUSD, XAUUSD, COPPER.std,
GOLD.std, SILVER.std 0,70%
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
