The Swap Points used are based on Tom/Next swap prices from Tier-1 banks with a mark-up/down corresponding to 0.35% added to, or subtracted from, daily market overnight interest rates, plus the interest component described under 'Interest on unrealised Profit and Loss' below.
The accumulated swap points and interest component are added or deducted to the previous opening price of the position.
To provide full transparency to clients Saxo Bank publishes once a day the swap points used for the tom/next rollover. See 'Historic Swap points' below.
Please be advised that Saxo Bank A/S will be performing a general rate adjustment of the Swap Points, effective as of 1 October 2014. The swap interest mark-up/down will increase by 0.1% on both legs of the open FX spot position.