Margin rate and charges

The annualized interest rate on the financing is stated in the table above and the financing rate may be adjusted periodically to accommodate changes in currency exchange rates. From the date of settlement of the shares (inclusive) until repayment, interest ceases to accrue, accrues on natural days, and is deducted at the end of the month (interest is charged for overnight positions and not for intraday repayments).

Single natural day financing interest = loan amount * XX% p.a. / 365

Example: A customer's account settlement amount is 0, borrow USD50,000 to buy TSLA, on T day and T+1 day, the account settlement amount will be 0, after the settlement on T+2 day, the account settlement amount will be -50,000, then interest starts to accrue.