How are rollover fees calculated?
Rollover fees are unpaid performance fees (PF) that are carried forward to subsequent billing cycles.
For example, if the closed amount of a trade was 0.35 and the open amount was -16.83; and the previous rollover was 7.761 and previous open amount was -25.87:
A 30% PF of closed amount 0.35 is 0.105 (= fee due), but the client had a rollover of 7.761 from before. Therefore, to calculate how much they will pay from that rollover you calculate the difference between previous and current open amount:(-25.87) - (-16.83) = -9.04. Of which, 30% PF gives 2.712. The copier is charged this on top of the current fee due for this specific interval: 2.712+0.105=2.817.
The new rollover is calculated by subtracting this intervals rollover from the previous rollover: 7,761-2,712 = 5.049.
For example, if the closed amount of a trade was 0.35 and the open amount was -16.83; and the previous rollover was 7.761 and previous open amount was -25.87:
A 30% PF of closed amount 0.35 is 0.105 (= fee due), but the client had a rollover of 7.761 from before. Therefore, to calculate how much they will pay from that rollover you calculate the difference between previous and current open amount:(-25.87) - (-16.83) = -9.04. Of which, 30% PF gives 2.712. The copier is charged this on top of the current fee due for this specific interval: 2.712+0.105=2.817.
The new rollover is calculated by subtracting this intervals rollover from the previous rollover: 7,761-2,712 = 5.049.