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Fees, margin for shares?

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I am currently looking at Swedbank AB stock, which has a margin of 10%. 
The current share price is at 140 SEK.

D = n x C x i / 365 
n=amount of stocks,
c=closing price
i=market rate +-2.5%
is the formula that IG uses, with 360 being the divisor for markets that are not British, South African or Singaporian.

So if wanted to loan a 1000 shares, the daily interest would be;

1000*140*2.5%-(0.5%*)/360= 7.78 SEK/day?

Is my calculation correct, or am I wrong when it comes to the market rate?
Is it STIBOR I should use, the 12 month or how do you calculate this exactly?

 

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26 minutes ago, zala said:

I am currently looking at Swedbank AB stock, which has a margin of 10%. 
The current share price is at 140 SEK.

D = n x C x i / 365 
n=amount of stocks,
c=closing price
i=market rate +-2.5%
is the formula that IG uses, with 360 being the divisor for markets that are not British, South African or Singaporian.

So if wanted to loan a 1000 shares, the daily interest would be;

1000*140*2.5%-(0.5%*)/360= 7.78 SEK/day?

Is my calculation correct, or am I wrong when it comes to the market rate?
Is it STIBOR I should use, the 12 month or how do you calculate this exactly?

 

Hi, they use the 1 month LIBOR but not sure which one for that currency, UK is around +0.7% but Swed and Euro is -0.5%.

Also there is a borrow premium of 0.9%

See example for shares and ETFs here; 

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

 

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