Renesource Capital - News

    Renesource Capital

    397.50 4.50/10
    66% of positive reviews
    Real

    Information update on SWAP rates for TRY currency pairs

    Dear Customers!

    Taking into account increased volatility of interbank rate markets and Turkish lira (TRY) currency markets, Renesource Capital risk department has taken a decision to update and increase open position carryover rates (SWAP, Rollover, TomNext) starting from 28th March, 2019.

    Currency pair

    SWAP, points

    SWAP, pips

    Long position

    Short position

    Long position

    Short position

    USDTRY

    -900

    22.2

    -0.009

    0.000222

    Please be informed, that once market conditions normalize (volatility indicators in interbank rate and currency markets stabilize), open position carryover rates (SWAP, Rollover, TomNext) will be reviewed.

    High volatility in interbank rates and on Turkish lira (TRY) currency pairs may result in significant price gaps, widened spreads and slippages, which may cause negative equity on client accounts (negative balance).

    It is strongly advised that Clients maintain appropriate and sufficient amount of margin on their trading accounts at all times. Volatility can trigger Margin Call and following Stop Out (Stop Loss) orders on your trading account. We recommend that Clients use Stop orders to limit risks.

    Events mentioned above may create market conditions where orders are difficult to execute and execution price of the order received significantly differs from the selected or quoted price due to market movement. Renesource Capital cannot guarantee that order execution will happen at rates, that will not result in negative balance on clients’ accounts, thereby Clients can lose more than they have invested, which may result in a necessity to deposit additional funds (assets) in order to fulfill margin requirements or cover negative balance (Agreement Ref. Num. A.I.22, D.I.8 and D.I.10).

    If you have any questions, please contact your Account Manager or email us at forex@renesource.com.

    We appreciate your understanding,

    Kindest regards,

    Renesource Capital


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree