# Fees

## Fees

The total fees charged for the product is 1.10% per annum. This is translated into a Daily Fee and deducted from the exchange rate each day, such that fees are accrued off-chain and not explicitly paid by Lenders.

The breakdown is as follows

<table><thead><tr><th width="190">Term</th><th>Definition</th><th>Payable By / To</th><th>Amount</th></tr></thead><tbody><tr><td>Advisor Fee</td><td>A fee charged by the Advisor (AWR) to cover the costs of advising OpenTrade SPC in buying / selling and managing the portfolio of Loan Collateral.</td><td><ul><li>Payable by the Borrower</li><li>Paid to the Advisor</li></ul></td><td>0.60% per annum</td></tr><tr><td>Platform Fee</td><td>A fee charged by the Platform Provider (Open Trade Technology Ltd) to cover the costs of developing and maintaining the OpenTrade Platform and related expenses.</td><td><ul><li>Payable by the Borrower</li><li>Paid to the Platform Provider</li></ul></td><td>0.50% per annum</td></tr></tbody></table>


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