Is a short stock position opened and closed the same day subject to stock borrow fees?

Accounts owned by the same beneficial owner are considered consolidated when determining the ability to sell a stock short. If account A is long 100 shares and account B is short 100 shares, a new order to sell shares in either account A or account B will be considered a short sale, as overall the accounts hold a 0 position. The new sell order would be subject to any applicable locate requirements…

Forex trades executed after 17:00 ET are considered the next-day's trades for settlement date purposes. Clients initiating a short Forex position on any given day would therefore need to close that position prior to 17:00 ET that same day in order to avoid interest charges on borrowed funds…

When you sell stock short, unless you arrange for a pre-borrow, the actual borrow does not take place, nor are borrowing costs incurred, until the trade settles. Similarly, when you close out the position, the borrow is not returned, and therefore any borrow costs remain, until settlement date. Settlement date is generally 2 business days after the trade date, which can result in fees being charged over a weekend or holiday…

Stock borrow fees begin at the point of short sale settlement, which for U.S. stocks is T+1 (unless you arrange for a pre-borrow, in which case it begins at the date of pre-borrow). Once settled, it is industry convention to charge borrow fees every day including weekends and holidays…