UKOIL Swap Calculator
Estimate a UKOIL or Brent CFD overnight debit or credit from an entered long or short rate, exact rate unit, contract size, lots and rollover-unit total.
How UKOIL overnight swap is calculated
Money mode = signed account-money rate per lot × lots × rollover units
Brent-price-unit mode = signed price units × contract size × lots × rollover units × conversion
Annual-current-price mode = entered Brent notional × signed annual rate ÷ 360 × rollover units
Every value is entered manually. Verify the exact broker-server symbol, account, direction, unit and schedule before relying on the arithmetic.
Enter the UKOIL financing convention
First confirm that the exact product charges financing. Enter zero when the broker documents no financing; otherwise copy the signed rate for the selected direction and its unit.
Entered UKOIL swap estimate
Entered Oil CFD Account Economics 1.0.0
| Calculation step | Entered arithmetic | Derived result |
|---|
On a small screen, swipe the table sideways to review every column.
How UKOIL overnight swap is calculated
Brent-price-unit mode = signed price units × contract size × lots × rollover units × conversion
Annual-current-price mode = entered Brent notional × signed annual rate ÷ 360 × rollover units
This page does not assume that UKOIL always incurs financing. FXCM documents no financing cost for its expiring UKOIL product, while its separate UKOilSpot schedule identifies overnight rollover. IG describes daily funding for undated commodity products. The exact product structure therefore comes before the formula.
MetaTrader supports swap in points, money, annual interest and reopen modes. The annual-current-price option here uses the documented 360-day convention. A broker rate must not be forced into a formula that uses another unit.
Rollover units are an entered schedule weight. One normal night can be 1 and a documented multi-day charge can be 3. The tool does not infer the weekday, cutoff, holiday calendar or daylight-saving treatment.
A careful UKOIL swap workflow
- Confirm whether the exact product is spot, undated, expiring or otherwise exempt from daily financing.
- Select long or short and copy the matching signed rate from the exact broker-server symbol.
- Identify whether the rate is account money per lot, Brent price units or annual percentage of current-price notional.
- Verify contract size, profit currency and conversion for modes that require them.
- Translate the holding schedule into explicit rollover units, including documented multi-day weights.
- Reconcile any actual debit or credit with the broker statement after the rollover boundary.
Audited worked example
The audited example uses a long 1-lot position, contract size 100, a signed rate of −USD 0.03 per Brent price unit, three entered rollover units and USD-to-USD conversion 1. One normal unit is −USD 3.00 and the three-unit estimate is −USD 9.00.
How to interpret it
The −USD 9.00 result applies only to the entered signed rate and schedule weight. It is not a current broker charge, a promise that this product has swap or a total holding-cost forecast.
Margin, overnight swap and contract rollover answer different questions
Margin is broker-reserved account collateral under an entered calculation convention. Overnight swap or financing is a broker-defined debit or credit for carrying an energy CFD across daily boundaries. A contract rollover adjustment can address a price gap when a futures-linked CFD changes its reference series. None of these amounts is the same as price profit, maximum loss or ownership of physical energy.
| Amount | Primary driver | Timing | Not equivalent to |
|---|---|---|---|
| Required margin | Broker product and account rules | Opening and while exposure remains | Maximum loss or trade cost |
| Overnight swap | Signed rate, unit and daily schedule | Broker rollover boundaries | Contract-series price gap |
| Rollover adjustment | Old/new reference prices and broker policy | Reference-series change | Daily financing or guaranteed neutrality |
Keep the three records separate until each uses the same broker symbol, account currency and observation basis. An undated product can have daily funding without a futures-series cash adjustment, while an expiring oil CFD can close rather than roll.
Assumptions and limits
- No current rate, product structure, cutoff, holiday schedule, Brent price or conversion is fetched.
- Currency-symbol, margin-currency, opening-price and reopen swap modes are not independently modeled.
- Rollover units do not validate a broker weekday, holiday or daylight-saving schedule.
- Rates can be zero, disabled, changed or different by entity, account, suffix, product and direction.
- A positive swap estimate does not establish total profit because market movement and other costs remain separate.
- The output is scenario arithmetic, not an account statement, carry recommendation or financial advice.
Where to verify UKOIL account-economics inputs
Open the specification for the exact symbol on the same broker server and account type. Record calculation mode, trade contract size, tick size and value, quote or profit currency, initial margin, margin rate, swap mode, signed long and short swap values, daily rollover multipliers and any product expiration. MetaQuotes documents the available properties; the broker supplies their current values.
Then determine whether the product is UKOIL, UKOilSpot, Brent, XBRUSD or another cash-style, undated or expiring contract. Check daily funding, series-change or expiry dates, reference prices, spread or markup treatment and whether positions are cash-adjusted, closed and reopened, closed at expiry or not rolled. The label alone does not answer those questions.
For a completed trade, the broker statement is authoritative for account activity. Reconcile each debit or credit using confirmed position size, rate unit, event time and conversion. The calculator is designed to expose assumptions and support that reconciliation; it cannot replace the contractual product terms or determine tax and legal treatment.
Frequently asked questions
- No. An expiring UKOIL product may document no financing, while a spot or undated Brent product can use a separate daily funding schedule. Verify the exact symbol first.
- The formula depends on the entered broker unit: account money per lot, Brent price units times contract size and lots, or annual percentage of current-price notional using a 360-day convention.
- Yes. A zero signed rate produces a zero estimate, but it does not validate the product terms or exclude other costs and expiry treatment.
- Choose the position direction and copy its matching signed rate from the exact server symbol. The page does not infer sign from direction.
- Enter the total documented schedule weight as rollover units. The calculator does not assume which weekday, cutoff or holiday treatment applies.
- No. Daily overnight financing and a futures-series reference change are separate. Use the UKOIL Rollover Adjustment Calculator for an entered series gap.
- No. It is one entered cash-flow component. Brent price movement, spread, commission, rollover, slippage and other costs remain separate.
- Not automatically. Reconcile verified product structure, rate, unit, schedule, contract and conversion with the statement, which remains authoritative.
Sources and methodology
- MetaQuotes — Symbol Properties — Documents CFD margin modes, contract fields, swap modes and daily rollover multipliers.
- MetaQuotes MQL5 AlgoBook — Getting swap sizes — Distinguishes points, money and annual-interest swap modes and the 360-day interest convention.
- HFM — UKOIL contract specification — Publishes one product example with a 100-barrel contract and 0.5% margin requirement.
- FXCM — UKOIL product guide — Documents an expiring UKOIL structure, account-specific margin, no financing cost and closure at expiry.
- IG — Commodities CFD product details — Distinguishes daily commodity funding from automatic rollover of futures-linked positions.
- Financial Conduct Authority — Contract for Differences — Describes retail CFD protections and risk within the FCA regime.
The operational contract is Entered Oil CFD Account Economics version 1.0.0. Independent fixtures cover supported margin conventions, signed financing units, currency conversion and product-specific adjustment boundaries. Sources support the disclosed arithmetic and verification workflow; they do not supply or validate any page input.
Continue the UKOIL planning workflow
Compare exact UKOIL and Brent CFD terms before calculating
Broker product names, contract sizes, margin rules, financing rates, adjustment methods and regional availability can differ. Open the exact entity and account-type specification before transferring a result between brokers.
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