Margin Reference Benchmark Rates
Reference Benchmark Rates
IBKR's benchmark for each currency is the reference rate around which our credit, debit, stock loan and other interest rate linked calculations are determined. IBKR uses a combination of internationally recognized reference rates (such Fed Funds), bank deposit rates, and dynamic interbank rates determined from foreign exchange and money markets to calculate an IBKR Reference Benchmark rate.
For more information about IBKR Reference Benchmark, visit the IBKR Knowledge Base.
For information regarding the various external reference rates that contribute to the IBKR Reference Benchmark rate, see Benchmark Interest Calculation Reference Rate Descriptions..
| Currency | Description for Effective Date 20240430 | Rate | Effective Date | |
|---|---|---|---|---|
| USD | Reference Benchmark USD
|
5.330% |
20240430 |
|
| AED | Reference Benchmark AED
|
5.114% |
20240430 |
|
| AUD | Reference Benchmark AUD
|
4.328% |
20240430 |
|
| BGN | Reference Benchmark BGN
|
3.790% |
20240430 |
|
| BRL | Reference Benchmark BRL
|
10.650% |
20240430 |
|
| CAD | Reference Benchmark CAD
|
4.726% |
20240430 |
|
| CHF | Reference Benchmark CHF
|
0.831% |
20240430 |
|
| CNH | Reference Benchmark CNH
|
1.497% |
20240430 |
|
| CZK | Reference Benchmark CZK
|
5.175% |
20240430 |
|
| DKK | Reference Benchmark DKK
|
3.577% |
20240430 |
|
| EUR | Reference Benchmark EUR
|
3.246% |
20240430 |
|
| GBP | Reference Benchmark GBP
|
5.369% |
20240430 |
|
| HKD | Reference Benchmark HKD
|
5.512% |
20240430 |
|
| HUF | Reference Benchmark HUF
|
6.750% |
20240430 |
|
| ILS | Reference Benchmark ILS
|
4.220% |
20240430 |
|
| INR | Reference Benchmark INR
|
6.750% |
20240430 |
|
| JPY | Reference Benchmark JPY
|
(0.829)% |
20240430 |
|
| KRW | Reference Benchmark KRW
|
3.500% |
20240430 |
|
| MXN | Reference Benchmark MXN
|
11.023% |
20240430 |
|
| NOK | Reference Benchmark NOK
|
4.348% |
20240430 |
|
| NZD | Reference Benchmark NZD
|
5.582% |
20240430 |
|
| PLN | Reference Benchmark PLN
|
6.193% |
20240430 |
|
| RON | Reference Benchmark RON
|
5.172% |
20240430 |
|
| RUB | Reference Benchmark RUB
|
15.700% |
20240430 |
|
| SAR | Reference Benchmark SAR
|
5.558% |
20240430 |
|
| SEK | Reference Benchmark SEK
|
3.763% |
20240430 |
|
| SGD | Reference Benchmark SGD
|
3.736% |
20240430 |
|
| TRY | Reference Benchmark TRY
|
43.945% |
20240430 |
|
| ZAR | Reference Benchmark ZAR
|
8.406% |
20240430 |
|
| Prior Period Benchmark Rates | ||||
IBKR accrues interest daily and posts actual interest monthly on the third business day of the following month. IBKR calculates the daily interest payable or receivable using the following: EndingSettledCash – ShortStockCollateralValue.
