What is the interest rate for MTF, and does it vary across different holding period?
The interest rate for the Margin Trading Facility (MTF) is 16% per annum, applicable uniformly across various holding periods including BTST (Buy Today Sell Tomorrow), swing trading, and long-term investments. This consistent interest rate simplifies financial planning for traders leveraging the MTF.
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Are there any hidden charges associated with MTF other than interest?
Apart from the 16% interest rate per annum, there are no hidden charges for using MTF. This transparency ensures users can plan their investments without worrying about unexpected costs.
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What is the interest rate for SDL investments?
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How often is interest charged on MTF positions?
Interest on MTF-funded positions is levied weekly, directly reflected in the client's ledger, allowing for straightforward tracking of finance charges.