Working Example Client borrowed 10,000 securities of 00a0ABC securities on 00a02 July. He bought back 00a010,000 of ABC securities on 4 July 00a0and returned them on 9 July. 00a0Assuming (a) borrowing fee is 6% p.a. and (b) average of closing prices between 2 July and 9 July is $5, 00a0total cost incurred for an SBL loan will be calculated as follows: Admin Fee = $21.40 CDP Settlement Fee = $0.75 (buy & sell contracts) Borrowing Fee = [6% 00a0 365days x 8 days loan x 00a010,000 securities 00a0x $5 (average of closing price between 2 July and 9 July)] = $65.75 Therefore, Total cost = $21.40 + $0.75 + $65.75 = $87.90 Note: Charges & fees are inclusive of GST.