The overnight interest for Hong Kong stock CFD products is charged according to the annualized 4 of the contract value of the position actually held by the customer, that is, the calculation formula is as follows:
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- Lot size * contract size * market price * long or short overnight interest (4) * trading days / 360 days / HKD/USD exchange rate
Example:
To buy 1 lot of Xiaomi Group stock CFDs and hold the position overnight, the overnight interest is 0.26 US dollars, and the calculation method is as follows:
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- Lot size (1) * contract size (1000) * market price (18.252) * long/short order overnight interest (4) * trading days (1) / 360 days / HKD/USD exchange rate * (take 7.8 as an example) = 0.26
(*Note: The results shown above are for reference only, the calculation will be changed according to the real-time exchange rate conversion, and may differ from the actual interest charged)