How often are fees and interest computed?

Fees will be computed and accrued per day. For example, if fees are 2% per annum, each day we will collect 2% divided by 365 (i.e. daily fraction of the annual fees). It is important to keep in mind that just as fees are collected per day, the interest on underlying instruments are also accrued and distributed to the client accounts per day. For example, if interest on the underlying instruments is 14.7% per annum, each day we will accrue and distribute the 14.7% divided by 365 (i.e. the daily fraction of the annual interest). Remember, fees are usually much smaller than the returns on the underlying instruments.