The Interest Accruals section shows interest accruals for each currency held and are converted to your base currency using the conversion rates in effect at the time of the transaction. Interest is paid and charged once a month after each month's close. We accrue interest daily during the month. When interest is actually posted to the account, the daily accruals are reversed. Interest accruals are a balance sheet item and are included in the Net Asset Value (NAV) in Base Currency section of the statement.
Interest accruals include the net of debit balance on cash, credit balance on cash, short credit interest on short stock proceeds, interest from stock yield enhancement, borrow fees on short stock positions, and bond accrued interest.
The Interest section lists all interest for your account for the period of the report, sorted by currency. This includes interest accruals, changes to accruals and debit interest. Amounts are totaled at the bottom of the section.
Additional Information
- Interest Accruals and Interest sections in our Reporting Reference Guide.