Due to daily mark-to-market, Futu will, after daily settlement, pay additional funds to the clearing house or similar institutions with respect to any open contract.
If you have available funds (cash + floating profit/loss - margin requirement) below zero in your account, and thus have insufficient settlement currency to pay any additional fund, your futures account will be charged interest.
Interest may be charged if:
1. positions are established with non-contracted currency;
2. losses are incurred when positions have not been closed out;
3. losses are incurred when positions have been closed out;
4. a higher margin requirement is demanded by the exchange or Futu.
The financing interest rate for each currency is as follows:
Currency |
Financing Interest Rate |
USD |
4.80% |
HKD |
6.80% |
RMB (offshore) |
8.80% |
JPY |
2.80% |
In addition, according to the rules of the Hong Kong Futures Exchange (HKFE) and the rules of HKFE Clearing Corporation (HKCC), if you hold a position in a contract of the HKFE and fail to meet a margin call or price adjustment request for two or more consecutive times, with the total amount involved exceeding HK$150,000, Futu reserves the right to exchange the currency in your account to avoid unnecessary interest charges.
Note: Actual interest charges shall be subject to the daily statements.