How are overnight borrow rates calculated?

When holding any short position overnight, an overnight borrow fee will apply. This fee will be charged every day you hold a short position overnight and until the short position is covered. You can see an estimate of the fee by logging into your client portal and going to: Tools > Overnight Borrow Calculator.

The overnight borrow estimator will include all holidays or weekdays, where a fee will apply. It is important to check the overnight borrow calculator every day you plan on holding your short position overnight.