Sonray Global calculates interest on credit and debit cash balances using daily rates applied to end-of-day settled cash balances. The interest methods conform to international standards. To access the actual benchmarks used, please select the link below:

Interest and Short Stock Rates

In overview, Sonray Global uses internationally recognized benchmarks1 for overnight deposits. We then apply a spread around the benchmark interest rate (“BM”) in tiers such that larger cash balances, whether positive or negative, are given increasingly favorable treatment for determination of the actual interest credits or debits. The effective rates on credit balances, debit balances, and credit balances as a result of short stock positions are shown in the following tables. For additional details and examples of Sonray Global's interest calculations, please click here.

Sonray Global reports interest on a daily, monthly, and annual basis in the Activity Statements. Monthly interest payments/charges are posted to accounts, and reported in statements, at the end of the first full week of the following month (usually between the 6th and 9th of the following month).