Swap Points Table

Valid from 2020.06.08–2020.06.14 Swap points are published in the minimum

quotation step for the financial instrument.

Instrument Long swap Short swap

EURUSD.pro -4.3918 -1.4117

CADCHF.pro -0.4988 -3.4917

CADJPY.pro -1.8140 -2.9255

CHFJPY.pro -4.7358 -1.5472

EURCAD.pro -6.7696 -2.0606

EURCHF.pro -2.4464 -3.5941

EURGBP.pro -3.7685 -1.1521

EURJPY.pro -4.6687 -2.5061

GBPCAD.pro -4.8353 -4.5369

GBPCHF.pro -0.7629 -5.6301

GBPJPY.pro -2.9849 -4.6279

GBPUSD.pro -2.8684 -3.2438

USDCAD.pro -3.7603 -3.1278

USDCHF.pro -0.5616 -4.1186

USDJPY.pro -2.3100 -3.2829

AUDCHF.pro -1.0271 -3.4553

AUDCAD.pro -3.5104 -2.9906

AUDJPY.pro -2.3351 -2.9509

AUDNZD.pro -3.9241 -3.3898

AUDUSD.pro -2.2113 -2.1537

CHFPLN.pro -2.2294 -0.3002

EURAUD.pro -7.6806 -3.5488

EURCZK.pro -1.2033 -0.5319

EURHUF.pro -2.3664 -0.0668

EURNOK.pro -4.0136 -2.0368

EURNZD.pro -7.5956 -2.3079

EURPLN.pro -2.2519 -0.6222

EURSEK.pro -4.3021 -2.4838

EURTRY.pro -296.4961 61.3318

GBPAUD.pro -5.6689 -6.3582

GBPNZD.pro -5.3664 -5.1332

GBPPLN.pro -1.7174 -1.3505

NZDJPY.pro -1.5668 -2.4994

NZDUSD.pro -1.5042 -1.7765

USDCZK.pro -0.6732 -0.7000

USDHUF.pro -1.5883 -0.3551

USDNOK.pro -2.0088 -2.7052

USDPLN.pro -1.3394 -0.9330

USDSEK.pro -2.2754 -3.0943

USDTRY.pro -251.2321 47.7018

EURZAR.pro -49.6343 -2.2122

USDZAR.pro -41.1523 -3.5907

SILVER.pro -0.2311 -0.1627

GOLD.pro -2.2115 -1.5540

COPPER.pro -0.0740 -0.0519

EURUSD.std -6.2741 -3.2940

CADCHF.std -1.6958 -4.6888

CADJPY.std -3.1746 -4.2862

CHFJPY.std -6.6301 -3.4417

EURCAD.std -9.2926 -4.5838

EURCHF.std -4.2585 -5.4062

EURGBP.std -5.2442 -2.6278

EURJPY.std -6.7285 -4.5659

GBPCAD.std -7.6459 -7.3477

GBPCHF.std -2.7815 -7.6489

GBPJPY.std -5.2794 -6.9226

GBPUSD.std -4.9652 -5.3408

USDCAD.std -5.9942 -5.3619

USDCHF.std -2.1661 -5.7232

USDJPY.std -4.1337 -5.1066

AUDCHF.std -2.1477 -4.5759

AUDCAD.std -5.0707 -4.5508

AUDJPY.std -3.6089 -4.2246

AUDNZD.std -5.7079 -5.1739

AUDUSD.std -3.3752 -3.3178

CHFPLN.std -2.9047 -0.9760

EURAUD.std -10.3757 -6.2440

EURCZK.std -1.6462 -0.9752

EURHUF.std -2.9389 -0.6397

EURNOK.std -5.7587 -3.7825

EURNZD.std -10.4801 -5.1926

EURPLN.std -2.9862 -1.3569

EURSEK.std -6.0345 -4.2167

EURTRY.std -302.8840 54.9426

GBPAUD.std -8.6711 -9.3609

GBPNZD.std -8.5797 -8.3469

GBPPLN.std -2.5353 -2.1690

NZDJPY.std -2.7567 -3.6896

NZDUSD.std -2.5915 -2.8641

USDCZK.std -1.0653 -1.0925

USDHUF.std -2.0952 -0.8624

USDNOK.std -3.5540 -4.2510

USDPLN.std -1.9896 -1.5835

USDSEK.std -3.8094 -4.6287

USDTRY.std -256.8883 42.0451

EURZAR.std -51.2137 -3.7924

USDZAR.std -42.5509 -4.9896

SILVER.std -0.3787 -0.3106

GOLD.std -3.6231 -2.9667

COPPER.std -0.1212 -0.0992

AUDCAD -5.0707 -4.5508

AUDCHF -2.1477 -4.5759

AUDJPY -3.6089 -4.2246

AUDNZD -5.7079 -5.1739

AUDUSD -3.3752 -3.3178

CADCHF -1.6958 -4.6888

CADJPY -3.1746 -4.2862

CHFJPY -6.6301 -3.4417

CHFPLN -29.0468 -9.7600

EURAUD -10.3757 -6.2440

EURCAD -9.2926 -4.5838

EURCHF -4.2585 -5.4062

EURCZK -16.4623 -9.7518

EURGBP -5.2442 -2.6278

EURHUF -29.3893 -6.3973

EURJPY -6.7285 -4.5659

EURNOK -57.5870 -37.8252

EURNZD -10.4801 -5.1926

EURPLN -29.8623 -13.5687

EURSEK -60.3450 -42.1667

EURTRY -302.8840 54.9426

EURUSD -6.2741 -3.2940

EURZAR -512.1371 -37.9238

GBPAUD -8.6711 -9.3609

GBPCAD -7.6459 -7.3477

GBPCHF -2.7815 -7.6489

GBPJPY -5.2794 -6.9226

GBPPLN -25.3525 -21.6897

GBPUSD -4.9652 -5.3408

NZDJPY -2.7567 -3.6896

NZDUSD -2.5915 -2.8641

USDCAD -5.9942 -5.3619

USDCHF -2.1661 -5.7232

USDCZK -10.6534 -10.9248

USDHUF -20.9522 -8.6236

USDJPY -4.1337 -5.1066

USDNOK -35.5402 -42.5100

USDPLN -19.8964 -15.8348

USDSEK -38.0938 -46.2867

USDTRY -256.8883 42.0451

USDZAR -425.5086 -49.8957

USDMXN -60.7024 3.8712

XAGUSD -0.3787 -0.3106

XAUUSD -3.6231 -2.9667

COPPER -0.1212 -0.0992

AUDCAD.stp -3.5104 -2.9906

AUDCHF.stp -1.0271 -3.4553

AUDJPY.stp -2.3351 -2.9509

AUDNZD.stp -3.9241 -3.3898

AUDUSD.stp -2.2113 -2.1537

CADCHF.stp -0.4988 -3.4917

CADJPY.stp -1.8140 -2.9255

CHFJPY.stp -4.7358 -1.5472

CHFPLN.stp -2.2294 -0.3002

EURAUD.stp -7.6806 -3.5488

EURCAD.stp -6.7696 -2.0606

EURCHF.stp -2.4464 -3.5941

EURGBP.stp -3.7685 -1.1521

EURJPY.stp -4.6687 -2.5061

EURNOK.stp -40.1360 -20.3676

EURNZD.stp -7.5956 -2.3079

EURPLN.stp -2.2519 -0.6222

EURSEK.stp -43.0207 -24.8382

EURTRY.stp -296.4961 61.3318

EURUSD.stp -4.3918 -1.4117

GBPAUD.stp -5.6689 -6.3582

GBPCAD.stp -4.8353 -4.5369

GBPCHF.stp -0.7629 -5.6301

GBPJPY.stp -2.9849 -4.6279

GBPNZD.stp -5.3664 -5.1332

GBPPLN.stp -1.7174 -1.3505

GBPUSD.stp -2.8684 -3.2438

NZDUSD.stp -1.5042 -1.7765

USDCAD.stp -3.7603 -3.1278

USDCHF.stp -0.5616 -4.1186

USDHKD.stp -26.4791 -10.1182

USDJPY.stp -2.3100 -3.2829

USDNOK.stp -20.0878 -27.0520

USDPLN.stp -1.3394 -0.9330

USDSEK.stp -22.7538 -30.9433

USDTRY.stp -251.2321 47.7018

XAGUSD.stp -2.3115 -1.6271

XAUUSD.stp -22.1148 -15.5399

3M -1.2453 -1.0780

AMAZON -18.4834 -16.0007

AIG -0.2707 -0.2344

APPLE -2.4673 -2.1361

AT&T -0.2438 -0.2111

BABA -1.6344 -1.4154

BOEING -1.5271 -1.3232

CHEVRON -0.7500 -0.6494

CISCO -0.3560 -0.3082

CITI -0.4380 -0.3792

COCACOLA -0.3653 -0.3163

EBAY -0.3634 -0.3146

EXXONM -0.3949 -0.3421

FACEBOOK -1.7178 -1.4872

GE -0.0586 -0.0508

GMOTORS -0.2278 -0.1973

GOOGLE -10.7207 -9.2846

IBM -0.9826 -0.8507

INTEL -0.4788 -0.4145

J&J -1.0962 -0.9492

JPMORGAN -0.8273 -0.7161

MCDONALD -1.4669 -1.2701

MICROSFT -1.3937 -1.2067

PFIZER -0.2678 -0.2319

P&G -0.8805 -0.7622

STBUCKS -0.6115 -0.5294

WALMART -0.9049 -0.7833

GOLDMAN -1.6224 -1.4044

UPS -0.7942 -0.6875

ALCOA -0.0896 -0.0778

AMERICANEXP -0.8167 -0.7071

BOA -0.2091 -0.1811

CATERPILLAR -1.0052 -0.8703

SNAP -0.1513 -0.1310

DISNEY -0.9282 -0.8037

FORD -0.0546 -0.0474

FEDEX -1.0585 -0.9164

HARLEY-DAVI -0.1892 -0.1638

HP -0.0826 -0.0716

NIKE -0.7638 -0.6615

PEPSI -0.9858 -0.8536

PM -0.5648 -0.4889

TWITTER -0.2595 -0.2247

VISA -1.4839 -1.2859

PAYPAL -1.1615 -1.0056

TESLA -6.5905 -5.7066

NETFLIX -3.1218 -2.7044

LYFT -0.2903 -0.2514

PINTEREST -0.1680 -0.1455

UBER -0.2853 -0.2470

BASF -3.2410 -4.7753

DTELEKOM -0.8546 -1.2590

ALLIANZ -10.7230 -15.7975

BAYER -3.7724 -5.5570

BEIERSDO -5.5047 -8.1097

DAIMLERC -2.2937 -3.3786

DBANK -0.5043 -0.7430

SIEMENS -6.0956 -8.9816

LUFTHANS -0.6263 -0.9236

CECONOMY -0.2038 -0.3009

ADIDAS -14.5819 -21.4820

BMW -3.4421 -5.0715

COMMERZBANK -0.2614 -0.3853

CONTINENTAL -5.6592 -8.3421

HENKEL -4.7947 -7.0658

RWE -1.7132 -2.5237

THYSSEN -0.4369 -0.6444

VOLKSWAGEN -9.0772 -13.3838

BARCLAYS -0.9512 -0.8843

GSK -11.6744 -10.8461

M&S -0.8515 -0.7916

RBS -0.9939 -0.9245

ROLLS-ROYCE -2.7840 -2.5892

RIOTINTO -32.5949 -30.2849

SHELL -10.9528 -10.1798

STAN -3.3039 -3.0714

TESCO -1.6107 -1.4974

UNILEVER -30.8939 -28.7083

VODAFONE -1.0078 -0.9364

SANTANDER -0.1450 -0.2136

TELEFONICA -0.2800 -0.4124

BBVA -0.2036 -0.3000

IBERDOLA -0.5631 -0.8301

REPSOL -0.5581 -0.8224

CAIXABANK -0.1184 -0.1745

REDELECTRIC -0.9350 -1.3777

GRIFOLS -1.5306 -2.2557

BANKINTER -0.2723 -0.4017

MAPFRE -0.1071 -0.1579

ACS -1.5065 -2.2210

AMADEUS -3.0310 -4.4651

INDITEX -1.4981 -2.2078

ACERINOX -0.4575 -0.6753

AENA -7.9538 -11.7212

BANKIA -0.0571 -0.0843

IAG -0.2216 -0.3270

SACYR -0.1186 -0.1769

TECNICAS -0.9639 -1.4252

BOGDANKA -18.2792 -15.1699

BUDIMEX -170.0301 -140.5534

CCC -52.2477 -43.2186

MBANK -196.0789 -162.5962

ASSECOPL -54.8751 -45.4477

SANTANDERPL -144.9573 -119.8110

EUROCASH -14.4507 -11.9378

KGHM -67.8769 -56.0604

LOTOS -48.9447 -40.4447

MILLENNI -2.5373 -2.0990

NETIA -2.9277 -2.4458

ORANGEPL -4.8682 -4.0247

PEKAO -44.5156 -36.7792

PGE -4.6843 -3.8773

PGNIG -3.3278 -2.7522

PKNORLEN -54.0493 -44.6675

PKOBP -18.3693 -15.1637

CDPROJEKT -281.7321 -232.5633

PZU -24.3672 -20.1171

CYFRPLST -20.4336 -16.8664

ALIOR -13.4673 -11.1266

HANDLOWY -31.5288 -26.0674

CIECH -26.4992 -21.9189

INGBSK -119.8093 -99.4400

JSW -15.1188 -12.5074

PKPCARGO -12.5965 -10.4146

TAURON -1.0922 -0.9028

LPP -5885.3699 -4866.7397

DINO -142.0438 -117.2221

ASHR.ETF -0.2127 -0.1842

DBA.ETF -0.1031 -0.0895

DBC.ETF -0.0916 -0.0793

EEM.ETF -0.3043 -0.2635

EFA.ETF -0.4751 -0.4113

EWA.ETF -0.1513 -0.1310

EWW.ETF -0.2623 -0.2271

EWY.ETF -0.4459 -0.3865

EWZ.ETF -0.2342 -0.2028

FXI.ETF -0.3087 -0.2673

GLD.ETF -1.1764 -1.0184

HYG.ETF -0.6289 -0.5444

IVV.ETF -2.3855 -2.0650

IYR.ETF -0.6297 -0.5451

OIH.ETF -1.1492 -0.9948

SLV.ETF -0.1208 -0.1046

SPY.ETF -2.3768 -2.0575

SSO.ETF -0.9957 -0.8621

SVXY.ETF -0.2716 -0.2351

TBT.ETF -0.1312 -0.1136

VNQ.ETF -0.6301 -0.5454

VXXB.ETF -0.2171 -0.1880

XHB.ETF -0.3396 -0.2941

XLB.ETF -0.4452 -0.3854

XLE.ETF -0.3338 -0.2891

XLF.ETF -0.1954 -0.1692

XLI.ETF -0.5569 -0.4823

XLP.ETF -0.4500 -0.3895

XLU.ETF -0.4557 -0.3946

XLV.ETF -0.7686 -0.6654

XLY.ETF -0.9771 -0.8464

BITCOIN -137.3166 -133.5351

BTCUSD -624.8311 -621.0871

ETHUSD -156.6101 -155.7648

LTCUSD -29.8564 -29.7186

BCHUSD -16.3291 -16.2516

XRPUSD -12.9961 -12.9300

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