Funds on hold refers to the fund frozen because of the pending orders and the unsettled fees. The funds on hold will use some of the buying power.
After the transaction, there will be a certain amount of transaction fees, including stock trading fees (commission, settlement fees, platform usage fees, SFC fees, trading activity fees), and options trading fees (commission, options regulatory fees, options clearing fees, SFC fees, trading activity fees).
The Funds on Hold mentioned above will be deducted after the next trading day's settlement, e.g., the U.S. stock transaction costs incurred on Friday will be deducted after the following Monday's settlement.
Note: The transaction fees in the market are estimated and may differ from the actual fees, please refer to the actual statement report.
The interest generated because of using margin will be added to the Funds on Hold.
The interest will be deducted from the account at the end of each month and this part of Funds on Hold will be zeroed out.
The amount of the pending order will be included in the Funds on Hold.
If a customer buys 100 shares of BABA at $200, while the order is pending, there will be $20,000 Funds on Hold. When the order is filled or canceled, the Funds on Hold will be cleared to zero.
When subscribing for new shares, there will be Fund on hold (including interest) because of the subscription.
The funds will be frozen during the subscription period and will be deducted on the closing day of the subscription.