Do I have to pay interest on a margin short sale if I post full cash collateral?
How much is margin interest on shorts?
The margin interest charged will be 30,000 * 6.49% * 2/360 = $10.82. You will be charged $10.82 at the middle of the next month. For a short position, you need to borrow shares.
Margin Loan (USD) | Annual Margin Rate |
---|---|
500,000.01-1,000,000.00 | 4.99% |
1,000,000.01-3,000,000.00 | 4.49% |
>3,000,000.00 | 3.99% |