PB Clients are normally charged the following fees:
Prime Brokerage Commission Fees
Accrued Interest on Loans (if applicable)
Instant transfer fees (if any) - for more info on this please see here.
Please speak with your Sales Rep regarding the appropriate fee structure for your business needs.
Prime Brokerage Commission Fees
Bequant charges a client the difference between a pre agreed upon fee and the fee that partner exchanges charge Bequant.
Example: Binance charges Bequant VIP9 rates. Client has agreed on VIP6 rates. Bequant will charge client (VIP6 minus VIP9) rates on the traded monthly volume. At the end of the month Bequant will send the client an invoice, with the appropriate commission.
There are two main methods of Prime Brokerage fees collection:
Automated fee charging - fees are being collected straight away at a time of transaction processing in trade's currency related to the trade. If by any reason the fee cannot be collected this will be included in the client's invoice which will be sent within the first days of the upcoming month.
For Portfolio based fee schemes clients are being charged monthly. Invoice is normally sent within the first days of the upcoming month.
For more information on how to check your fee plan please check the article.
Accrued Interest on Loans (if applicable)
The Loan interest accrued to the date can be checked on Bequant PRO portal by going to the Loans page. Please select Active loans and then rely on the information in Accured interest column.