Swap Points Table

Valid from 2020.04.20–2020.04.26. Swap points are published in the minimum

quotation step for the financial instrument.

Instrument Long swap Short swap

EURUSD.pro -4.0579 -1.4783

CADCHF.pro -0.8208 -3.8093

CADJPY.pro -1.7200 -3.1432

CHFJPY.pro -4.8043 -2.0393

EURCAD.pro -7.3332 -2.2960

EURCHF.pro -2.6445 -3.7550

EURGBP.pro -3.7907 -1.1034

EURJPY.pro -4.1764 -2.5027

GBPCAD.pro -5.6837 -5.3181

GBPCHF.pro -1.1584 -6.1526

GBPJPY.pro -2.7051 -4.9231

GBPUSD.pro -2.7187 -3.6006

USDCAD.pro -4.6970 -3.4058

USDCHF.pro -1.0223 -4.3452

USDJPY.pro -2.2743 -3.2917

AUDCHF.pro -0.8397 -3.6591

AUDCAD.pro -3.2659 -3.4660

AUDJPY.pro -1.6583 -3.0880

AUDNZD.pro -6.8329 -3.6217

AUDUSD.pro -1.6453 -2.3710

CHFPLN.pro -3.4875 -0.0358

EURAUD.pro -8.8330 -2.8421

EURCZK.pro -1.7240 -0.4018

EURHUF.pro -2.4312 -0.0393

EURNOK.pro -4.1451 -2.6301

EURNZD.pro -13.7172 -1.9424

EURPLN.pro -3.3297 -0.1760

EURSEK.pro -4.2371 -2.4440

EURTRY.pro -243.0427 -29.0845

GBPAUD.pro -7.0928 -6.2511

GBPNZD.pro -12.5401 -5.3728

GBPPLN.pro -3.0130 -0.9954

NZDJPY.pro -1.1964 -4.5511

NZDUSD.pro -1.2116 -3.7530

USDCZK.pro -1.2208 -0.6004

USDHUF.pro -1.7636 -0.3349

USDNOK.pro -2.3043 -3.3728

USDPLN.pro -2.4583 -0.5439

USDSEK.pro -2.4431 -3.1670

USDTRY.pro -213.6863 -33.1296

EURZAR.pro -61.7691 -3.6379

USDZAR.pro -54.1253 -5.0763

SILVER.pro -0.1980 -0.1478

GOLD.pro -2.1939 -1.6358

COPPER.pro -0.0678 -0.0505

EURUSD.std -5.8681 -3.2884

CADCHF.std -1.9662 -4.9549

CADJPY.std -2.9941 -4.4174

CHFJPY.std -6.6581 -3.8933

EURCAD.std -9.8840 -4.8470

EURCHF.std -4.3978 -5.5083

EURGBP.std -5.2337 -2.5464

EURJPY.std -6.1264 -4.4528

GBPCAD.std -8.5894 -8.2242

GBPCHF.std -3.1557 -8.1500

GBPJPY.std -4.9266 -7.1448

GBPUSD.std -4.7809 -5.6628

USDCAD.std -7.0456 -5.7545

USDCHF.std -2.6365 -5.9595

USDJPY.std -4.0699 -5.0871

AUDCHF.std -1.8679 -4.6873

AUDCAD.std -4.7618 -4.9621

AUDJPY.std -2.8020 -4.2316

AUDNZD.std -8.5850 -5.3741

AUDUSD.std -2.7069 -3.4326

CHFPLN.std -4.1991 -0.7478

EURAUD.std -11.6748 -5.6842

EURCZK.std -2.1788 -0.8567

EURHUF.std -3.0206 -0.6291

EURNOK.std -6.0222 -4.5087

EURNZD.std -16.7047 -4.9307

EURPLN.std -4.0784 -0.9249

EURSEK.std -6.0466 -4.2544

EURTRY.std -249.3168 -35.3614

GBPAUD.std -10.3301 -9.4889

GBPNZD.std -15.9437 -8.7772

GBPPLN.std -3.8657 -1.8486

NZDJPY.std -2.2841 -5.6390

NZDUSD.std -2.2213 -4.7628

USDCZK.std -1.6394 -1.0193

USDHUF.std -2.3063 -0.8779

USDNOK.std -4.0326 -5.1024

USDPLN.std -3.1476 -1.2334

USDSEK.std -4.1090 -4.8338

USDTRY.std -219.4635 -38.9077

EURZAR.std -63.4736 -5.3431

USDZAR.std -55.6946 -6.6462

SILVER.std -0.3244 -0.2744

GOLD.std -3.5942 -3.0378

COPPER.std -0.1110 -0.0937

AUDCAD -4.7618 -4.9621

AUDCHF -1.8679 -4.6873

AUDJPY -2.8020 -4.2316

AUDNZD -8.5850 -5.3741

AUDUSD -2.7069 -3.4326

CADCHF -1.9662 -4.9549

CADJPY -2.9941 -4.4174

CHFJPY -6.6581 -3.8933

CHFPLN -41.9914 -7.4785

EURAUD -11.6748 -5.6842

EURCAD -9.8840 -4.8470

EURCHF -4.3978 -5.5083

EURCZK -21.7876 -8.5675

EURGBP -5.2337 -2.5464

EURHUF -30.2060 -6.2911

EURJPY -6.1264 -4.4528

EURNOK -60.2224 -45.0870

EURNZD -16.7047 -4.9307

EURPLN -40.7839 -9.2486

EURSEK -60.4655 -42.5439

EURTRY -249.3168 -35.3614

EURUSD -5.8681 -3.2884

EURZAR -634.7359 -53.4308

GBPAUD -10.3301 -9.4889

GBPCAD -8.5894 -8.2242

GBPCHF -3.1557 -8.1500

GBPJPY -4.9266 -7.1448

GBPPLN -38.6574 -18.4862

GBPUSD -4.7809 -5.6628

NZDJPY -2.2841 -5.6390

NZDUSD -2.2213 -4.7628

USDCAD -7.0456 -5.7545

USDCHF -2.6365 -5.9595

USDCZK -16.3944 -10.1930

USDHUF -23.0630 -8.7791

USDJPY -4.0699 -5.0871

USDNOK -40.3258 -51.0241

USDPLN -31.4762 -12.3342

USDSEK -41.0897 -48.3381

USDTRY -219.4635 -38.9077

USDZAR -556.9459 -66.4623

USDMXN -78.1686 13.7993

XAGUSD -0.3244 -0.2744

XAUUSD -3.5942 -3.0378

COPPER -0.1110 -0.0937

AUDCAD.stp -3.2659 -3.4660

AUDCHF.stp -0.8397 -3.6591

AUDJPY.stp -1.6583 -3.0880

AUDNZD.stp -6.8329 -3.6217

AUDUSD.stp -1.6453 -2.3710

CADCHF.stp -0.8208 -3.8093

CADJPY.stp -1.7200 -3.1432

CHFJPY.stp -4.8043 -2.0393

CHFPLN.stp -3.4875 -0.0358

EURAUD.stp -8.8330 -2.8421

EURCAD.stp -7.3332 -2.2960

EURCHF.stp -2.6445 -3.7550

EURGBP.stp -3.7907 -1.1034

EURJPY.stp -4.1764 -2.5027

EURNOK.stp -41.4514 -26.3010

EURNZD.stp -13.7172 -1.9424

EURPLN.stp -3.3297 -0.1760

EURSEK.stp -42.3708 -24.4403

EURTRY.stp -243.0427 -29.0845

EURUSD.stp -4.0579 -1.4783

GBPAUD.stp -7.0928 -6.2511

GBPCAD.stp -5.6837 -5.3181

GBPCHF.stp -1.1584 -6.1526

GBPJPY.stp -2.7051 -4.9231

GBPNZD.stp -12.5401 -5.3728

GBPPLN.stp -3.0130 -0.9954

GBPUSD.stp -2.7187 -3.6006

NZDUSD.stp -1.2116 -3.7530

USDCAD.stp -4.6970 -3.4058

USDCHF.stp -1.0223 -4.3452

USDHKD.stp -44.1335 2.7987

USDJPY.stp -2.2743 -3.2917

USDNOK.stp -23.0431 -33.7281

USDPLN.stp -2.4583 -0.5439

USDSEK.stp -24.4315 -31.6701

USDTRY.stp -213.6863 -33.1296

XAGUSD.stp -1.9800 -1.4776

XAUUSD.stp -21.9388 -16.3575

3M -1.2901 -0.7433

AMAZON -20.9312 -12.0548

AIG -0.2157 -0.1243

APPLE -2.4924 -1.4358

AT&T -0.2751 -0.1585

BABA -1.8467 -1.0636

BOEING -1.3549 -0.7805

CHEVRON -0.7680 -0.4424

CISCO -0.3744 -0.2157

CITI -0.4001 -0.2306

COCACOLA -0.4235 -0.2439

EBAY -0.3301 -0.1901

EXXONM -0.3808 -0.2194

FACEBOOK -1.5796 -0.9099

GE -0.0602 -0.0347

GMOTORS -0.1981 -0.1142

GOOGLE -11.2721 -6.4921

IBM -1.0585 -0.6097

INTEL -0.5319 -0.3064

J&J -1.3387 -0.7716

JPMORGAN -0.8375 -0.4824

MCDONALD -1.6392 -0.9441

MICROSFT -1.5736 -0.9070

PFIZER -0.3252 -0.1873

P&G -1.0986 -0.6327

STBUCKS -0.6795 -0.3914

WALMART -1.1640 -0.6705

GOLDMAN -1.6164 -0.9313

UPS -0.9056 -0.5216

ALCOA -0.0668 -0.0385

AMERICANEXP -0.7699 -0.4435

BOA -0.2049 -0.1181

CATERPILLAR -1.0250 -0.5904

SNAP -0.1142 -0.0658

DISNEY -0.9399 -0.5414

FORD -0.0450 -0.0260

FEDEX -1.1001 -0.6336

HARLEY-DAVI -0.1705 -0.0983

HP -0.0856 -0.0493

NIKE -0.7921 -0.4564

PEPSI -1.2117 -0.6982

PM -0.6870 -0.3957

TWITTER -0.2350 -0.1354

VISA -1.4938 -0.8605

PAYPAL -0.9865 -0.5683

TESLA -6.6380 -3.8254

NETFLIX -3.7283 -2.1473

LYFT -0.2585 -0.1490

PINTEREST -0.1568 -0.0903

UBER -0.2540 -0.1463

BASF -2.6746 -3.5908

DTELEKOM -0.7430 -0.9977

ALLIANZ -9.8766 -13.2599

BAYER -3.4606 -4.6465

BEIERSDO -5.6024 -7.5214

DAIMLERC -1.6781 -2.2532

DBANK -0.3499 -0.4698

SIEMENS -4.7278 -6.3482

LUFTHANS -0.5026 -0.6751

CECONOMY -0.1269 -0.1710

ADIDAS -13.0039 -17.4783

BMW -3.0260 -4.0647

COMMERZBANK -0.1884 -0.2532

CONTINENTAL -4.2338 -5.6892

HENKEL -4.5837 -6.1556

RWE -1.4996 -2.0153

THYSSEN -0.3436 -0.4626

VOLKSWAGEN -7.9933 -10.8165

BARCLAYS -0.6783 -0.5539

GSK -12.5122 -10.2133

M&S -0.7313 -0.6003

RBS -0.7917 -0.6478

ROLLS-ROYCE -2.5106 -2.0502

RIOTINTO -28.2177 -23.0282

SHELL -10.1887 -8.3188

STAN -2.9881 -2.4404

TESCO -1.7796 -1.4525

UNILEVER -31.7746 -25.9363

VODAFONE -0.8294 -0.6770

SANTANDER -0.1133 -0.1522

TELEFONICA -0.2403 -0.3230

BBVA -0.1535 -0.2062

IBERDOLA -0.5282 -0.7093

REPSOL -0.4477 -0.6012

CAIXABANK -0.0941 -0.1265

REDELECTRIC -0.9028 -1.2126

GRIFOLS -1.8115 -2.4339

BANKINTER -0.2051 -0.2759

MAPFRE -0.0988 -0.1334

ACS -1.2156 -1.6324

AMADEUS -2.6974 -3.6238

INDITEX -1.4724 -1.9778

ACERINOX -0.3800 -0.5113

AENA -7.1157 -9.5669

BANKIA -0.0549 -0.0741

IAG -0.1545 -0.2079

SACYR -0.0931 -0.1265

TECNICAS -0.7602 -1.0267

BOGDANKA -18.8137 -11.1507

BUDIMEX -153.6164 -90.5233

CCC -38.8097 -22.8640

MBANK -183.3041 -108.2630

ASSECOPL -55.0603 -32.5397

SANTANDERPL -134.1123 -78.9671

EUROCASH -18.0197 -10.5932

KGHM -62.3614 -36.6655

LOTOS -54.9912 -32.3370

MILLENNI -2.6943 -1.5864

NETIA -3.4175 -2.0274

ORANGEPL -5.9548 -3.5023

PEKAO -46.8789 -27.5726

PGE -3.7921 -2.2301

PGNIG -3.1992 -1.8804

PKNORLEN -52.5921 -30.8975

PKOBP -18.8741 -11.0949

CDPROJEKT -291.1808 -171.1123

PZU -26.5118 -15.5805

CYFRPLST -21.1438 -12.4685

ALIOR -12.8891 -7.5926

HANDLOWY -32.0178 -18.8548

CIECH -28.4795 -16.8021

INGBSK -116.5068 -68.5260

JSW -11.4436 -6.7259

PKPCARGO -11.9096 -7.0047

TAURON -1.0253 -0.6032

LPP -4888.9726 -2881.4384

DINO -156.5663 -92.1037

ASHR.ETF -0.2380 -0.1371

DBA.ETF -0.1202 -0.0693

DBC.ETF -0.1006 -0.0580

EEM.ETF -0.3197 -0.1841

EFA.ETF -0.4914 -0.2831

EWA.ETF -0.1484 -0.0855

EWW.ETF -0.2484 -0.1433

EWY.ETF -0.4474 -0.2578

EWZ.ETF -0.2223 -0.1281

FXI.ETF -0.3384 -0.1950

GLD.ETF -1.3969 -0.8046

HYG.ETF -0.7148 -0.4117

IVV.ETF -2.5350 -1.4601

IYR.ETF -0.6715 -0.3868

OIH.ETF -0.7943 -0.4582

SLV.ETF -0.1246 -0.0718

SPY.ETF -2.5269 -1.4554

SSO.ETF -0.9599 -0.5529

SVXY.ETF -0.2918 -0.1682

TBT.ETF -0.1370 -0.0790

VNQ.ETF -0.6708 -0.3864

VXXB.ETF -0.3437 -0.1980

XHB.ETF -0.2888 -0.1664

XLB.ETF -0.4430 -0.2554

XLE.ETF -0.2989 -0.1722

XLF.ETF -0.1975 -0.1138

XLI.ETF -0.5564 -0.3205

XLP.ETF -0.5334 -0.3073

XLU.ETF -0.5336 -0.3075

XLV.ETF -0.8876 -0.5113

XLY.ETF -0.9954 -0.5736

BITCOIN -99.4759 -97.1862

BTCUSD -452.6449 -450.5907

ETHUSD -115.0712 -114.5109

LTCUSD -26.9291 -26.8132

BCHUSD -14.8558 -14.8066

XRPUSD -12.0925 -12.0296

The maximum size of the interest rate margin for calculating swap points has been

specified in the TMS Fee and Commission Table.

To establish the above-mentioned Swap Points, TMS applied a margin in the

amount of:

TMS

The amount of interest rate commission in order to swap points calculation

EURTRY, USDTRY, EURZAR, USDZAR ,USDMXN, EURTRY.stp,

USDTRY.stp, EURTRY.std, USDTRY.std, EURZAR.std, USDZAR.std,

EURTRY.pro, USDTRY.pro, EURZAR.pro, USDZAR.pro

4,00%

Stocks and ETF's 2,50%

Other FX (.pro) + FX (.stp), XAGUSD.stp, XAUUSD.stp, COPPER.pro,

GOLD.pro, SILVER.pro 0,40%

Other FX + FX(.std) oraz COPPER, XAGUSD, XAUUSD, COPPER.std,

GOLD.std, SILVER.std 0,70%

BITCOIN 5,00%

BTCUSD, ETHUSD, LTCUSD, BCHUSD, XRPUSD 23,00%

Formulas for calculating CFD swap points based on currencies, cryptocurrencies, gold,

silver and copper (swap points for CFDs based on cryptocurrencies, gold, silver,

copper, DE30., US100., FR40., US500., GB100., US30., EU50., ES35., IT40. and

CH20. are calculated based on the formula used to determine swap points for currency

instruments, with the reservation, however, that the interest rate is determined only for

one currency in which the underlying instrument is quoted).

𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = −(𝑠𝑝𝑜𝑡𝐵𝐼𝐷 ×(1 + (deposit rate of quoted currency𝐴𝑆𝐾 + markup) ×

1𝑇

)

(1 + (deposit rate of base currency𝐵𝐼𝐷 − markup) ×1𝑇

)− 𝑠𝑝𝑜𝑡𝐵𝐼𝐷) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟

𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = (𝑠𝑝𝑜𝑡𝐴𝑆𝐾 ×(1 + (deposit rate of quoted currency𝐵𝐼𝐷 − markup) ×

1𝑇

)

(1 + (deposit rate of base currency𝐴𝑆𝐾 + markup) ×1𝑇

)− 𝑠𝑝𝑜𝑡𝐴𝑆𝐾) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟

long swap - the value of swap points calculated for long position;

short swap – the value of swap points calculated for a short position;

spot BID,ASK – exchange rate of a given currency pair in the moment of calculating

BID or ASK swap points;

markup – the amount of commission that TMS Brokers imposes on the interest rate;

T - means the number of days according to the convention adopted for a given currency

(eg for USD, the year has 360 days, while for PLN 365 days);

multiplier - the coefficient resulting from the minimum step of quotations, e.g. for

EURUSD, the minimum step of quotations is 0.00001, therefore the multiplier for the

calculation of swap points will be 100 000;

deposit rate of base/quoted currency BID,ASK - for calculating swap points, TMS

EUROPE accepts quotes from the interbank market based on the instruments

presented in the table below:

Currency Bloomberg ticker Day counting

convention (T)

Deposit rate

EUR EUDR1Z CMPN Curncy 360 Euro 1 Week Deposit

USD USDR1Z CMPN Curncy 360 United States Dollar 1 Week Deposit

PLN PZDR1Z CMPN Curncy 365 Polish Zloty 1 Week Deposit

CAD CDDR1Z CMPN Curncy 360 Canadian Dollar 1 Week Deposit

JPY JYDR1Z CMPN Curncy 360 Japanese Yen 1 Week Deposit

GBP BPDR1Z CMPN Curncy 365 British Pound 1 Week Deposit

CHF SFDR1Z Curncy 360 Swiss Franc 1 Week Deposit

AUD ADDR1Z CMPN Curncy 360 Australian Dollar 1 Week Deposit

NZD NDDR1Z CMPN Curncy 360 New Zealand Dollar 1 Week Deposit

CZK CKDR1Z Curncy 360 Czech Koruna 1 Week Deposit

SEK SKDR1Z Curncy 360 Swedish Krona 1 Week Deposit

NOK NKDR1Z Curncy 360 Norwegian Krone 1 Week Deposit

ZAR SADR1Z CURNCY 360 South African Rand 1 Week Deposit

HUF HFDR1Z Curncy 360 Hungarian Forint 1 Week Deposit

RON RNDR1Z CMPN Curncy 360 Romanian Leu 1 Week Deposit

HKD HDDR1Z Curncy 360 Hong Kong Dollar 1 Week Deposit

TRY TYDR1Z CMPN Curncy 360 Turish Lira 1 Week Deposit

MXN MXNI1M CMPN Curncy 360 Mexican Peso 1 Month Froward Implied Yeld

Example.

Calculation for EURUSD

spot BID : 1,2114

spot ASK : 1,2115

T: 360

Markup: 0,65%

deposit rate of base currency BID : -0,5%

deposit rate of base currency ASK : -0,37%

deposit rate of quoted currency BID : 1,74%

deposit rate of quoted currency ASK : 1,82%

𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = − (1,2114 ×(1 + (1,82% + 0,65%) ×

1360

)

(1 + ((−0,5%) − 0,65%) ×1

360)

− 1,2114) × 100000 = −12,1817

𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = (1,2115 ×(1 + (1,74% − 0,65%) ×

1360

)

(1 + ((−0,37) + 0,65%) ×1

360)

− 1,2115) × 100000 = 2,7259

Formulas for calculation of swap points for CFD based on value of shares and ETFs.

𝑙𝑜𝑛𝑔 𝑠𝑤𝑎𝑝 = −spot𝐵𝐼𝐷 ((𝑑𝑒𝑝𝑜𝑠𝑖𝑡 𝑟𝑎𝑡𝑒 + markup) ×1

𝑇) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟

𝑠ℎ𝑜𝑟𝑡 𝑠𝑤𝑎𝑝 = spot𝐴𝑆𝐾 ((𝑑𝑒𝑝𝑜𝑠𝑖𝑡 𝑟𝑎𝑡𝑒 − markup) ×1

𝑇) × 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑖𝑒𝑟

long swap - the value of swap points calculated for long position;

short swap – the value of swap points calculated for a short position;

spot BID,ASK – exchange rate of a given currency pair in the moment of calculating

BID or ASK swap points;

markup – the amount of commission that TMS Brokers imposes on the interest rate;

T - means the number of days according to the convention adopted for a given currency

(eg for USD, the year has 360 days, while for PLN 365 days);

multiplier - the coefficient resulting from the minimum step of quotations, e.g. for

EURUSD, the minimum step of quotations is 0.00001, therefore the multiplier for the

calculation of swap points will be 100,000;

deposit rate of quoted currency BID,ASK - for calculating swap points, TMS Brokers

accepts quotes from the interbank market based on the instruments presented in the

table below:

Currency Bloomberg ticker Day counting convention (T) Deposit rate

USD US0001M Index 360 ICE LIBOR USD 1 Month

EUR EE0001M Index 360 ICE LIBOR EUR 1 Month

PLN WIBR1M Index 365 GPW Benchmark WIBOR PLN 1 Month

GBP BP0001M Index 365 ICE LIBOR GBO 1 Month