Type | Fees | Charged By |
SGD | 4.8% p.a | moomoo SG |
USD | 4.8% p.a | |
HKD | 6.8% p.a | |
CNH | 6.8% p.a | |
JPY | 4.8% p.a |
Type | Fees | Charged By |
Securities Lending Rate | Each stock has a different annual interest rate for short selling. Please check the daily statement for more information. Intraday reference interest rates are displayed on each terminal | moomoo SG |
1. The financing interest rate may be adjusted periodically to adapt to changes in currency exchange rates.
2. The financing days are calculated based on the period of days. When the cash balance of the account is negative, interest will be generated (ie, interest is collected for holding positions overnight, if repayment is made within the day, no interest will be charged).
3. Interest payments are collected at the end of the month. If the account has arrears after the interest is deducted in the current month, the arrears will be included in the financing amount of the following month.
4. Financing interest calculation formula: financing amount*4.8%*actual financing days/365, minimum $0.01.Assuming that the financing is 10,000 US dollars, the financing is continuous for 10 days, and the interest=$10,000*4.8%*10/365=$13.15.
5. The formula for calculating the interest of securities lending: market value of securities lending * interest rate of short selling * actual securities lending days/365, with a minimum of USD 0.01.
6. Among them, the short-selling interest rate may change every day, and the short-selling interest rate at the time of settlement shall prevail.
7. The market value of securities lending is calculated based on the stock settlement price, the settlement price = closing price * 102%, rounded up.
For example:The closing price is $24.910*102%=$25.4082After rounding up, the settlement price is $26.