In asphalt trading, "overnight fee" is also called overnight fee, warehouse interest, extension fee and extension fee, which is the financing cost of funds or objects generated by investors due to delay in delivery.

Overnight fee = overnight position multiplied by the settlement price of the day multiplied by the overnight handling fee rate (the overnight handling fee rate is generally about 1/10000).

Spot asphalt is a day-end settlement system. If there is no position sheet within the settlement time, there will be no overnight fee, and if there is a position sheet, the overnight fee will be paid.

For example, the settlement time of a platform is from 4 am to 6 am (closed during this period). An investor opened his position on July 26th, 1965 14:00, and closed his position at 3:50 the next morning. Since there is no position sheet at the time of settlement, investors do not need to pay the overnight fee.

For example, the settlement time of a platform is from 4 am to 6 am (closed during this period).

An investor opened his position on July 26th, 20 16 14:00, but he still didn't open his position at 4: 00 the next morning. The investor must pay the overnight fee because he holds the order again at the settlement time.

The overnight fee will be deducted directly at the time of settlement.