Financial Education
Question #87
Change in 5 Day Margin exposure and interest.
Exposure Current exposure 3 times ( 1 time client money + 2 times funded by fincare services) Now 5 times exposure( 1 time client money + 4 times funded by fincare services) Interest We have changed our interest rate from 12% to 14% and additional GST applicable 18%. 14%*18% = 2.52% total 14%+2.52% = 16.52%.
Found this helpful? Share with others!