Swap-Free Holding Cost Calculator in AED
Compare a simple admin-fee schedule with standard overnight financing. These are hypothetical terms, not a Sharia ruling.
How the calculation works
Admin cost = max(0, nights − grace nights) × daily admin fee × lots. Standard cost = nights × standard daily cost × lots. Both converted to AED. Assumes the admin fee begins after the grace period and is not retroactive. Actual schedules can charge all nights retroactively, use calendar days, vary by instrument, or revoke eligibility. Excludes spread and commission.
AED reference: CBUAE · reference exchange rates ↗. Reference rates are not executable customer quotes.
Seven nights with a three-night grace period
At 0.1 lots, seven nights, three admin-free nights and USD 5 per lot per charged night, administration costs USD 2 (AED 7.345). Standard financing at USD 3 per lot per night costs USD 2.10 (AED 7.71225). The hypothetical difference is about AED 0.37; it excludes spread and commission and assumes no retroactive fees.