A fee that totals HKD300 of which HKD270 is the prescribed for registering a Securities Lending and Borrowing Agreement with Inland Revenue (IRD) and a further handling fee of HKD30 is charged by IBKR. This fee is irrevocable once payment is agreed to. The agreement is required to avoid paying stamp tax when shorting shares with IBHK. This is a one time fee and IBKR will perform semi-annual filings with IRD for free on your behalf.
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