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Interest and Financing: Overview
Place Trade uses internationally recognized benchmarks on overnight deposits as a basis for determining interest rates. We then apply a spread around the benchmark interest rate ("BM") in tiers where larger cash balances receive increasingly better rates, to determine an effective rate.
Place Trade accrues interest on a daily basis and posts actual interest monthly on the 3rd business day of the following month. For detailed examples on how we calculate interest, click here.
Combined overall interest rate on larger balances: Interest rates are charged per tier and therefore you will have a combined overall interest rate if you hold a higher balance (that covers more than one tier). We do not charge a single tier rate for higher balances.
Click here to view our Examples of Interest Calculations Page
Examples are shown for informational purposes only. Rates are subject to change without notice.
Minimum interest rates on credit cash balances is 0%. Interest charges will never be applied to credit cash balances.
Costs for position borrowing of stocks with special considerations (for example, hard to borrow instruments) are usually higher than for normal availability stocks. These additional costs will be passed on in the form of lower short stock credit interest. Please note that this may lead t a net debit short stock credit interest in the event that the costs to borrow exceed the interest earned. In order to view the indicative short stock interest rates for a specific stock, Place Trade recommends that clients utilize the Short Stock (SLB) Availability tool located under TraderWorkstation (TWS)/Tools.
*3: The same rate applies to all balance amounts for ILS; there are no tiers.
*2: The same rate applies to all balance amounts for INR; there are no tiers.
Options involve risk and are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options" before investing in options. For a copy click here. There is no guarantee of execution. Orders will be routed to US options exchanges.
Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.