Quote:
Originally Posted by rocketman7
Dave,
It's Thursday about 9:30 PDT, and several (but not all) of the currencies show a "Roll B" and "Roll S" of 0.00. I assume this is because of the weekend but can you clarify the Wednesday triple interest and then what happens on Thurs/Fri? Thanks,
rocketman7
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Hey Rocketman7,
Good catch man you are really paying attention to the platform which is good to see.
There are is always normally going to be 7 days worth of interest paid or received in any week. Normally it goes:
Monday 1 Days Worth
Tuesday 1 Days Worth
Wednesday 3 Days Worth
Thursday 1 Days Worth
Friday 1 Days Worth
The exception to the above is when there is a holiday and the banks are closed. In these cases the rollover schedule will be modified based on when trades settle in the country that is having a banking holiday.
To be upfront its pretty difficult for even me to keep up with how the roles change when there is a holiday so I use the below schedule which is updated every month from Dailyfx.com:
http://www.dailyfx.com/story/currenc...lover.2008.xls
When they post the schedule for may it can be found in the lower right hand corner of the homepage of Dailyfx.com which is by the way a great site for free FX commentary.
Best Regards,
Dave