Margin deposits should accrue interest.

Letter of credit deposit is the amount of money that an enterprise that does not use the letter of credit settlement method deposits into the bank's special letter of credit deposit account in accordance with regulations to obtain a letter of credit. When an enterprise applies to a bank for issuance of a letter of credit, it must submit an application for opening a letter of credit, a letter of commitment from the applicant for the letter of credit and a purchase and sale contract to the bank in accordance with regulations.

It is also the detailed account of other monetary funds "Other monetary funds-Letter of credit margin". The calculation is as follows: When the enterprise fills out the "Letter of Credit Application" and deposits the L/C deposit with the bank, it should return the "Letter of Credit Application" receipt stamped by the bank. The account "Other Monetary Funds - Letter of Credit Margin" is debited, and the account "Bank Deposit" is credited. The enterprise receives the notification from the issuing bank. According to the supplier's letter of credit settlement voucher and the attached invoice, "Material Purchase" or "Raw Materials", "Inventory Goods", "Taxes Payable - Value-Added Tax Payable (Input Tax)" and other accounts are debited, and "Material Purchase" or "Raw Materials" are debited. "Other Monetary Funds—Letter of Credit Security Deposit" account;

When transferring the unused letter of credit security deposit back to the bank where the account was opened, the "Bank Deposit" account will be debited and credited to "Other Monetary Funds—Letter of Credit Security Deposit" "suject.

Therefore, margin deposits should accrue interest.

Extended information:

The calculation formula of margin deposit is as follows:

Margin deposit = product sales revenue - product sales cost - amortized sales tax and surcharges - Period expenses after amortization

Product sales revenue = domestic sales revenue + export sales revenue

Product sales cost refers to the sales cost corresponding to product sales revenue.

The sales tax and surcharges after apportionment = the enterprise’s main business taxes and surcharges Apportionment ratio (allocation based on sales)

Apportionment ratio (%) = sales of the product/sales of all products produced by the enterprise (including the product) × 100%.

Baidu Encyclopedia-Margin Deposit