Examples

For questions about interest rate issues, please use the Inquiry Ticket or Chat system located in the Support menu of Account Management / Client Portal. When determining the quoted spread, IBKR will use the set benchmark rate or a benchmark rate of 0 for all benchmark rates less than 0.

For all below examples assume benchmark rates as follows:

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Example 1 - Interest Charged To You (USD)

When you borrow money, we'll charge you daily interest on your borrowed money as follows:

Statement Reflects

Interest Calculation

Reference Benchmark USD: 5.32%

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Example 2 - Interest Charged to You on a Negative Cash Balance

When you have a negative (debit) cash balance in your combined securities and commodities account and a negative (debit) balance in your UKL account, we'll charge you daily interest on the net debit balance as follows:

Statement Reflects

Calculate interest on universal account balance -160,000

Reference Benchmark GBP: 4.91%

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Example 3 - Interest Charged to You (EUR) on a net Negative Cash Balance

When your combined security and commodity accounts are negative (debit) and your UKL account is positive (credit) leading to a combined negative (debit) universal account balance interest will be calculated as follows:

Statement Reflects

Calculate interest on a net negative (debit) balance of 10,000

Reference Benchmark EUR: 3.40%

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Example 4 - Interest Calculation on Negative CHF Cash Balance

When you borrow money in CHF, interest will be calculated as follows:

Statement Reflects

Interest Calculation

Reference Benchmark CHF: 1.32%