AOFEX margin will officially calculate borrowing service fee from 8:00 January 10, 2020(GMT + 8).
AOFEX margin daily interest rate is 0.098%,Calculation rules are as follows:
1. Interest = Unreturned amount × Daily interest rate (0.098%) × Days (less than 24 hours will be 1 day and daily interest will be calculated at 0:00)
2. Interest calculation rules: Simple interest shall be calculated at daily interest rate.Less than 24 hours will be 1 day. Based on the actual borrowing time of users, it is calculated once when borrowing. After that, interest is automatically calculated at daily 0 o'clock (GMT + 8).
3.Users can repay loans in advance, and the interest will be returned in priority.
4.If loan interest is not returned, the risk rate will be accounted.If interest is not deducted for a long time, interest may not be returned for a long period of time, which may cause user's isolated margin account risk rate to fall below the liquidation line and the account will be increased risk of forced liquidation. Users are requested to repay interest regularly or have sufficient available balance in margin account.
January 9, 2020