Our charges for carrying a position each night (aka "rolling", "financing") is:
LONG = SONIA + 2.5%
SHORT = SONIA -2.5% (minus any 'borrow' costs)
The Financing rates in the table below are shown as an annual percentage (365 day year).
The Dividend is shown as a USD amount that you PAY if you are SHORT.
If you are LONG you will RECEIVE 100% (since UK withholding tax is 0%).
Name | Financing LONG (% per year) | Financing SHORT (% per year) |
---|---|---|
Barclays | -2.9 | -2.1 |
BAT | -2.9 | -2.1 |
BP | -2.9 | -2.1 |
EasyJet | -2.9 | -2.1 |
GlaxoSmith | -2.9 | -2.1 |
HSBC | -2.9 | -2.1 |
Lloyds | -2.9 | -2.1 |
RioTinto | -2.9 | -2.1 |
RollsRoyce | -2.9 | -2.1 |
Shell | -2.9 | -2.1 |
Taylor | -2.9 | -2.1 |
TedBaker | -2.9 | -2.1 |
Vodafone | -2.9 | -2.1 |
ReckittBen | -2.9 | -2.1 |
AstraZeneca | -2.9 | -2.1 |
Glencore | -2.9 | -2.1 |
Diageo | -2.9 | -2.1 |
Tesco | -2.9 | -2.1 |
Morrison | -2.9 | -2.1 |
MS | -2.9 | -2.1 |
RoyalMail | -2.9 | -2.1 |
IAG | -2.9 | -2.1 |
BT | -2.9 | -2.1 |
ITV | -2.9 | -2.1 |
Aviva | -2.9 | -2.1 |
LegalGen | -2.9 | -2.1 |
NatGrid | -2.9 | -2.1 |
BAE | -2.9 | -2.1 |
What is short borrowing?
This is the practice of borrowing shares, to then sell them. When borrowing shares there is a cost attached, this will vary dependent on the availability to borrow the underlying share. In most cases there will be no borrowing costs.