What is the interest rate of using margin

The annualized interest rate on the financing is 6.8% 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 = interest-bearing amount * 6.8% p.a. / 365, minimum charge HK$0.01. 

Example:

A customer's account settlement amount is 0, borrow 50,000 HKD to buy 00700.HK, 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.

B customer's account settlement amount is 0, borrow 1,000 USD to buy AAPL.US, on T day, the account settlement amount will be 0, after the settlement on T+1 day, the account settlement amount will be -1,000 USD, then interest starts to accrue.

There are two ways to repay the negatvie balance：

1. Selling Shares: The funds obtained from the sale of stocks will be settled on T+2, so on T and T+1 after the sale of shares, the account will still be in arrears and you will be charged interest.

2. Deposits: The Client's deposits will repay the arrears first, you will not be charged interest after you repay the debit.