A rollover in futures CFD trading adjusts positions held beyond the contract's expiration by closing old contracts and opening new ones for the next month, with the price difference applied based on contract volume. This appears as "Cash Adjustment - Rollover" on statements. To avoid rollover, clients must close positions before expiration.
| Stage | Description |
|---|---|
| Existing futures CFD nears expiry | The current contract approaches its expiration date. |
| Position remains open | If the position is still open past the relevant date, rollover may apply. |
| Old contract closed | The system closes the old futures CFD contract. |
| New contract opened | A new futures CFD contract for the next period is opened. |
| Adjustment recorded | The price difference is reflected as a cash adjustment. |
How it appears on statement
| Statement description | Meaning |
|---|---|
| Cash Adjustment - Rollover | The adjustment related to rolling the futures CFD position into the next contract period. |
Important notes
- Futures CFD products have expiration dates.
- If you do not want your position to be rolled over, close the position before the rollover or expiration date.
- Rollover may result in a debit or credit depending on the price difference between contracts.