When do you charge the Short Margin Interests?

Short Margin Interest is charged on a daily basis, however, sometimes it could take 2-3 days for the interest to be visible in your report (due to weekends, bank holidays, etc.).

Short Margin Interest is calculated on a case-by-case basis depending on stock availability and prevailing prime brokers’ interest rates and in rare cases might be subject to changes.

Short Margin Interest (SMI) is settled on a T+1 basis. On Thursdays, the SMI charge is tripled (x3).