Calculation formula:
interest = the amount owed on the account after settlement * daily interest rate
short margin fee of single stock = the closing price*102% (rounded up)*short selling interest rate / 360
Explanation:
1.Huasheng withholds the margin trading interest on the day after daily liquidation. All the withholding interest will be aggregated at the end of the month to generate financing flow and securities borrowing flow. You can view the daily interest details in the flow details.
2.On the last trading day before the non-trading day, Huasheng will withhold the margin interest on the day and the non-trading day.
Example 1: Today is Tuesday and tomorrow is a normal trading day, Huasheng will withhold the interest of today.
Example 2: Today is Friday, and the next two days are weekend holidays, Huasheng will withhold the interest of today and weekend.
Example 3: Today is September 30 (trading day), and October 1 to October 3 is the National Day holiday (non-trading day). Huasheng will withhold interest on that day and National Day holiday on September 30.
3.The settlement time of Hong Kong stocks and US stocks is T+2, and the settlement time of A shares is T+1. After the stocks are sold, unsettled accounts still have arrears and generate interest.
