Rollover takes place when the settlement of a trade is rolled forward to the next value date with the cost of this process based on the USD interest rate. On the Bacera Bullion Limited Live Trading platform, rollover applies to all open positions at 04:00 Beijing/HK time、16:00EST (On daylight saving), 05:00Beijing/HK time、16:00 EST (Off daylight saving) - the end of the Bacera Bullion Limited trading day. Rollover charges/credits are shown in the 'RVL' column as a US dollar amount. A negative number represents a charge and a positive number shows a rollover credit. These figures are usually posted at 04:00 Beijing/HK time、16:00EST (On daylight saving), 05:00Beijing/HK time、16:00 EST (Off daylight saving).

The spot Gold and silver market is traded on a 2-business day value date. For trades executed on Monday, the value day, or day of delivery, is Wednesday. However, if a position is opened on Monday and held until Tuesday, then the next value day will be that Thursday.

For positions that are held after 04:00 Beijing/HK time、16:00EST (On daylight saving), 05:00Beijing/HK time、16:00 EST (Off daylight saving) on a Wednesday, the value delivery date is the following Monday, provided that there are no holidays in any of the participating markets before that Monday. This implies two extra days of rollover charges / credits when the delivery is rolled over the weekend. Thus, positions that remain open on the Bacera Bullion Limited Live Trading platform at 04:00 Beijing/HK time、16:00EST (On daylight saving), 05:00Beijing/HK time、16:00 EST (Off daylight saving) on Wednesday incur a triple amount of rollover charges/credits.

For positions rolled over at 04:00 Beijing/HK time、16:00EST (On daylight saving), 05:00Beijing/HK time、16:00 EST (Off daylight saving) on Friday, the value day moves from Tuesday to Wednesday, implying a single day rollover charge/credit.

It is important to understand that every opened position has a value day. Whenever the deal is not closed on the same trading day, the trade is subject to rollover.