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Financial advisory
RES5Financial Advisory Services✓Why might a dealing account within a portfolio bond incur debit interest?
Fund units are securities, so dealing in them runs through a dealing account. That account can go overdrawn, for example when charges are deducted while it holds too little cash, and debit interest then accrues on the negative balance. It is not a per-trade fee or an MAS levy, and the bond's segments are not funded by loans.
Debit interest arises only from a negative dealing-account balance, not from a per-trade fee, a regulatory levy or a loan.
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