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Interest will be calculated on the funded amount for the number of days you hold position in MTF. The number of days would start from the exchange pay-in date for the settlement of the respective transaction and charged till the date the funds are actually received i.e Payout date for the settlement.
Interest will be charged for funded amount or Shares as Margin amount blocked against your MTF positions for the number of days you hold said position.
The interest rate will be applicable as per your brokerage plan. You can reduce your MTF interest rate by subscribing to our different prime & prepaid plan.
The interest shall be charged per day basis including non-working days & it will be deducted directly from your bank/trading account. If you want to reduce the I-Sec funding, you can use the “Add Margin” option to add more initial margin to your position.