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..


CurrencyDescription for Effective Date 20240327 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20240327
AED
Reference Benchmark AED
5.227%
20240327
AUD
Reference Benchmark AUD
4.555%
20240327
BGN
Reference Benchmark BGN
3.800%
20240327
BRL
Reference Benchmark BRL
10.650%
20240327
CAD
Reference Benchmark CAD
4.886%
20240327
CHF
Reference Benchmark CHF
1.433%
20240327
CNH
Reference Benchmark CNH
5.853%
20240327
CZK
Reference Benchmark CZK
5.929%
20240327
DKK
Reference Benchmark DKK
3.444%
20240327
EUR
Reference Benchmark EUR
3.945%
20240327
GBP
Reference Benchmark GBP
5.238%
20240327
HKD
Reference Benchmark HKD
4.194%
20240327
HUF
Reference Benchmark HUF
8.007%
20240327
ILS
Reference Benchmark ILS
4.431%
20240327
INR
Reference Benchmark INR
6.720%
20240327
JPY
Reference Benchmark JPY
(0.099)%
20240327
KRW
Reference Benchmark KRW
3.500%
20240327
MXN
Reference Benchmark MXN
10.862%
20240327
NOK
Reference Benchmark NOK
4.276%
20240327
NZD
Reference Benchmark NZD
5.480%
20240327
PLN
Reference Benchmark PLN
5.558%
20240327
RON
Reference Benchmark RON
5.958%
20240327
RUB
Reference Benchmark RUB
15.250%
20240327
SAR
Reference Benchmark SAR
5.332%
20240327
SEK
Reference Benchmark SEK
3.852%
20240327
SGD
Reference Benchmark SGD
3.938%
20240327
TRY
Reference Benchmark TRY
44.410%
20240327
ZAR
Reference Benchmark ZAR
8.376%
20240327
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.


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