Margin Loan Interest

1. Margin Loan Interest accrues on a calendar-day basis and is settled monthly. The applicable Interest rates and thresholds as at the date of this document are set out in the table above. However, the actual rates and thresholds may change from time to time, including following reviews of exchange rate movements and other factors. The rates and thresholds current at a particular time are published on the trading platform.

2. You can find your Financing Amount in the “Financing Amount” field of your Daily Account Statement. The Financing Amount is calculated by reference to the total settled borrowing balance in the relevant currency in your margin account. Interest is calculated separately for AUD, USD and HKD using the respective currency tiers. Positive cash balances in another currency do not offset borrowing for interest calculation purposes, although they are taken into account for margin calculations.

3. Each rate applies only to the portion of the Financing Amount within that tier. For example, assuming an AUD Financing Amount of $700,000 and hypothetical annual margin interest rates of 9%, 8.8% and 8.6% for the respective financing tiers, daily interest is calculated as follows:
($100,000 × 9% + $400,000 × 8.8% + $200,000 × 8.6%) ÷ 365 ≈ $168.22