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Long Charge

Arabic translation: تكلفة الاحتفاظ/الامتلاك الطويل الأجل

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:long charge
Arabic translation:تكلفة الاحتفاظ/الامتلاك الطويل الأجل
Entered by: Lamine Boukabour

22:15 Mar 21, 2024
English to Arabic translations [PRO]
Bus/Financial - Finance (general) / FOREX
English term or phrase: Long Charge
Example: How to calculate CFD Swaps:

If US30 is subject to costs of 0.75 for short and -3.25 for long and you have an open position for one week has of 1 lot (100,000 USD).

- Long Charge for 1 week: - 3.25 x 7 = USD -22.75
- Short Credit for 1 week: -0.75 x 7 = USD -5.25

If the your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.

https://www1.equiti.com/support/commission-calculation
Nader Hassan
Qatar
تكلفة الاحتفاظ/الامتلاك طويل الأجل
Explanation:
In the context you provided, "Long Charge" refers to the cost incurred for holding a long position (buying an asset expecting its value to increase) over a certain period, typically calculated as a daily fee applied to the size of the position.

In the example you've given, the long charge for one week is calculated by multiplying the daily charge for holding the position (which is -3.25 in this case) by the number of days in a week (7). This results in a total charge of USD -22.75 for holding the position for one week.
Selected response from:

Lamine Boukabour
Algeria
Local time: 04:24
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +1تكلفة الاحتفاظ/الامتلاك طويل الأجل
Lamine Boukabour


  

Answers


12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
تكلفة الاحتفاظ/الامتلاك طويل الأجل


Explanation:
In the context you provided, "Long Charge" refers to the cost incurred for holding a long position (buying an asset expecting its value to increase) over a certain period, typically calculated as a daily fee applied to the size of the position.

In the example you've given, the long charge for one week is calculated by multiplying the daily charge for holding the position (which is -3.25 in this case) by the number of days in a week (7). This results in a total charge of USD -22.75 for holding the position for one week.

Lamine Boukabour
Algeria
Local time: 04:24
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 141

Peer comments on this answer (and responses from the answerer)
agree  Sajad Neisi
2 hrs
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