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Custody fees
Custody fees
Custody fee is accrued daily based on the account state as of the previous closed business day.
Note! Custody fee is not accrued for short positions or assets with a zero balance.
Accrued amounts are accumulated and charged in a single transaction at the end of the billing period specified in the tariff settings:
- month;
- quarter;
- half-year;
- year.
The system determines the transaction value date based on the selected billing period, the broker's operating calendar, and the calculated future charge date.
If the calculation includes weekends, the accrual created on the next business day may cover several calendar days. For example, an accrual created on Monday may be calculated for Friday, Saturday, and Sunday.
To process custody fees, click Make custody fees and specify the date and time when they should be processed.
To process or cancel a single transaction, click Make custody fees or Cancel in its row.
When several transactions are selected, a button for processing or cancelling them appears at the bottom of the screen.
If the client fully closes all positions in instruments for which a custody fee is configured, the accrued fee for the current incomplete billing period may be charged early.
After the early charge, the accumulated accruals are reset. If the client purchases such assets again during the same billing period, the calculation starts again based on the actual number of custody days.
The following columns are available for these transactions:
| Name | Description |
|---|---|
| Account | Account for which the fee was calculated |
| Instrument | Instrument for which the fee was accrued |
| Asset amount | Instrument amount as of the previous closed business day |
| Quote amount | Instrument amount as of the previous closed business day, calculated in its quote currency and rounded to two decimal places |
| Amount | Calculated custody fee amount |
| Trade ID | Identifier of the trade created when the transaction was processed |
| Trade date | Transaction creation date |
| Value date | Scheduled custody fee charge date |
| Status | Custody fee status |
| Details | Parameters used to calculate the custody fee |
| Comment | Transaction comment, usually containing the accrual date or period |
Hover over Show in the Details column to view information about the accrual parameters and custody fee calculation.
Depending on the instrument type, the details may include:
| Name | Description |
|---|---|
| Instrument type | Asset type for which the fee was calculated. For example, Equity |
| Setting, % | Annual custody fee rate specified in the tariff |
| Custody fee, % (p.a.) | Custody fee rate calculated for the actual number of accrual days |
| Days | Number of calendar days included in the custody fee calculation |
| EOD rate | Instrument rate as of the end of the previous closed business day |
| Price multiplier | Instrument price multiplier used to calculate the custody fee |
Status comments: Ready - the transaction is ready to be processed Exists - the transaction has been processed Close the previous day - previous operating days must be closed before the transaction can be processed