How to calculate financing interest?
1.Financing interest: (No distinction between stocks, only currency) Financing interest = financing amount * financing interest rate/360 Financing interest is calculated daily at 23:00 in the market (US stocks at 23:00 in US time, Hong Kong stocks at 23:00 in Hong Kong time) If there is a loan, interest will be calculated and settled (after calculating interest, subtract interest from available balance) .
2.Securities lending interest: Securities lending interest = (stock Closing Price * 102% (rounded up) * number of short holdings * stock lending interest rate (short selling rate)/360. The Closing Price of individual stocks refers to the after-hours closing price, and the interest on short selling is calculated on a daily basis. It is calculated at 23:00 in the market (23:00 in US time for US stocks and 23:00 in Hong Kong time for Hong Kong stocks). If there is borrowing, the interest will be calculated and settled (after calculating the interest, the interest will be subtracted from the available balance). If you buy it on the same day and sell it before 23:00 on the same day, no interest will be charged. Interest will also be calculated during non-opening hours (holidays, Saturdays and Sundays), and interest will be.
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BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.