Commission charges are levied on each transaction based on the full traded value and are subjected to GST. Minimum commission applies.
Finance charges are computed on 100% of the marked-to-market contract value based on number of overnight calendar days that the contract is being held.
Commission Illustration
Bought (Long) 10,000 shares @ $8.00
Assuming commission of 0.20%
Long finance charges = 5.5% p.a
Commission = $80,000 * 0.20% = $171.20 (inclusive of GST)
Assuming you hold the contract for 10 days
Finance Charges = 80,000 * 5.5% * 10 days / 365 days = $120.55
There are no finance charges if you liquidate the position within the same day.