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Fundamental Analysis What is the definition of Rollover Debit?
avatar lily
Question by: lily - 11 Jun 2012, 09:15:56
What is the definition of Rollover Debit?
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Answers (1)
avatar user 317
Answer by: john - 12 Jun 2012, 11:04:39

Interest paid to a forex trader who holds a position overnight. An overnight position is one that is not closed on the same day, and is still open as of 5pm EST. If the interest rate on the currency that the trader purchased is higher than the interest rate on the currency that the trader is selling, she will receive a rollover credit based on the full value of the trade for the difference in interest rates.

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