Investors need to pay certain interest to securities companies for margin financing and securities lending. The annual interest rates of margin financing and securities lending of different securities companies are different.

1. The financing interest rate is calculated by multiplying the interest rate stipulated in the margin financing contract signed by the securities company and the investor by the actual financing amount and the number of days occupied. The financing interest shall be collected by the securities company from the investor's credit fund account or the way agreed in the contract when the investor repays the financing.

2. The calculation method of the cost of securities lending is to multiply the rate of securities lending varieties specified in the margin financing contract signed by the securities company and investors by the market value of securities lending and the number of days occupied on the day when securities lending occurs. When the investor repays the securities lending, the securities company will collect it from the investor's credit fund account together or in the way agreed in the contract.

The calculation formula is as follows:

Financing interest = actual amount of funds used × number of days used × financing annual interest rate /360

Securities lending fee = actual amount of securities used × number of days used × annual interest rate of securities lending /360

Actual amount of securities used = actual amount of securities used × selling transaction price

Note: The actual use days are calculated according to natural days, excluding the head and tail, and those less than one day are calculated according to one day.

Tips: The above instructions are for reference only and do not make any suggestions. There are risks in entering the market, so investment needs to be cautious.

Reply time: February 2, 20221. Please refer to the latest business changes announced by Ping An Bank in official website.