For the calculation of Miles, transaction amounts and investments, i.e. the average portfolio value, are always converted into CHF, regardless of the account or transaction currency. In particular:

• For each transaction in stocks and ETFs, you receive 1 mile for every CHF 10 of the total transaction amount, whether buying or selling. The amount is calculated by multiplying the price of the stock by the quantity, excluding fees, and is converted into CHF at the end-of-day exchange rate.
• For each CFD transaction, you receive 25 Miles for every CHF 1 in transaction fees. The amount is converted into CHF at the end-of-day exchange rate. FX fees, interest and third-party fees are not included.
• For Miles credited quarterly based on your portfolio, you receive 1 mile for every CHF 100 invested in stocks and ETFs. The calculation is based on the total net asset value, i.e. the overall weighted average value of the assets held in the customer's portfolio over the quarter, after deducting all associated liabilities and obligations. The amount is converted into CHF at the end of the quarter.

The minimum amount that can be credited is one (1) mile. Fractional miles are not permitted. Any calculated amount below one mile is disregarded. Miles are rounded down to the nearest whole number.