Investing in the gold T+D business in the bank, in addition to paying the deposit and handling fee to the bank, sometimes it is necessary to pay the extension fee and overdue fee.
Because gold t+d business is traded by margin trading, customers can choose to deliver on the same day of contract trading or postpone delivery, so the mechanism of deferred compensation fee (referred to as "deferred fee") is introduced.
Deferred fee is the financing cost of funds or gold objects generated by customers due to delayed delivery, and the payment direction of deferred fee is determined according to the comparison of the declared delivery quantity.
The calculation formula of extension fee is: extension fee = position × settlement price of the day × extension rate.
If an investor holds an extended contract beyond the time limit announced by the Gold Exchange, the Gold Exchange may charge an overdue fee for the extended position according to the market position.
Overdue fee = overdue position × settlement price of the day × overdue rate.
Gold T+D bank charges are as follows: