Margin Interest Rates
margin interest rate
When calculating rates, keep in mind that GPS uses a blended rate based on the tiers below. For example, for a balance over USD 1,000,000, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. When determining the quoted spread, GPS will use the set benchmark rate or a benchmark rate of 0 for all benchmark rates less than 0.
GPS accrues interest on a daily basis and posts actual interest monthly on the third business day of the following month.
The tiers on which interest is based may change from time to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates.
The current data reflects the interest rate based on BM as of 01/16/2023
USD
| Range | Interest charged |
| 0 – 100,000 | 7.83% |
| 100,001 – 1,000,000 | 7.33% |
| 1,000,001 – 5,000,000 | 7.08% |
| 5,000,001 – 200,000,000 | 6.83% |
| > 200,000,000.00 | 6.83%* |
*In the case of balance range exceeding $200,000,000.01, there may be an additional charge of 1% on the spread if financing is not arranged in advance. The bracket for interest calculation may vary from time to time without prior notice to clients. Such adjustments are periodic and intended to reflect changes in exchange rate.
EURO
| Range | Interest charged | |
| 0 – 90,000 | 5.404% | |
| 90,000 – 900,000 | 4.904% | |
| 900,000 ≤ 44,000,000 | 4.654% | |
| 44,000,000 ≤ 180,000,000 | 4.404% | |
| > 180,000,000 | 4.404%* |
*In the case of balance range exceeding €180,000,000, there may be an additional charge of 1% on the spread if financing is not arranged in advance. The bracket for interest calculation may vary from time to time without prior notice to clients. Such adjustments are periodic and intended to reflect changes in exchange rate.
HKD
| Range Interest charged | ||
| 0 ≤ 780,000 6.808% | ||
| 780,000 ≤ 7,800,000 6.308% | ||
| 7,800,000 ≤ 780,000,000 5.808% | ||
| > 780,000,000 5.808%* |
*In the case of balance range exceeding HKD $780,000,000, there may be an additional charge of 1% on the spread if financing is not arranged in advance. The bracket for interest calculation may vary from time to time without prior notice to clients. Such adjustments are periodic and intended to reflect changes in exchange rate.