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Million Tinkle Internationalwww.fxmillionasia.com

All unsettled orders will be automatically carried forward to next trading days. Any interest arising from unsettled orders will be charged or given to clients’ accounts according to the market interest rate at the time when they are charged.

*Note: Three days of interest will be charged or given if there are unsettled orders after the trading time of Fridays.

Interest Formula

Interest Formula of Gold, SILVER = Contract price x quantity per contract x interest rate x number of contracts x overnight days of unsettled orders / 360 days

Example 1:

A client bought 2 contracts of Gold at the price of 1250 and settled the order 1day later.

The interest of buying Gold was -3.75% and the contract price was 1250.

1250 × 100 × ( - 3.75%) × 2 × 1 ÷ 360 = -US$ 26.04 (Interest payable by client)

Example 2

A client sold 2 contracts of Gold at the price of 1250 and settled the order 1day later.

The interest of selling Gold was +0.75% and the contract price was 1250.

1250 × 100 × ( + 0.75%) × 2 × 1 ÷ 360 = +US$ 5.20 (Interest receivable by client)

Note: The interest rate above is for the calculation in examples only. Please refer to the actual rate released.

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