Short Position Interest Charges
If your account is holding a short position on the settlement date of the short sale trade, your account will be charged a daily short interest charge for carrying such short settled positions. The rate of the charge for carrying a short position varies, accounting for factors including, but not limited to, the security, its borrow demand, market exposure, and the concurrent market rate. The charge will be based on the entirety of the net short position and may include a mark-up. The charge is disclosed on your month-end statement. Please contact your representative for further information, including a daily report of the short interest charges. Please note that securities on the Easy to Borrow list may also be subject to short interest charges even if located at no cost.”
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If you have any questions about this policy, please write, call, or email us.
4509 Creedmoor Road, Suite 201
Raleigh, NC 27612 United States
Call us: +1 332 230 1184
Email: compliance@gtnamericas.com