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:
|Reference Benchmark USD||5.32%|
|Reference Benchmarch EUR||3.40%|
|Reference Benchmarch CHF||1.32%|
|Reference Benchmarch GBP||4.91%|
When you borrow money, we'll charge you daily interest on your borrowed money as follows:
|Ending Settled Cash||-600,000|
Reference Benchmark USD: 5.32%
|Tier Balance||Tier Spread||Cash||Interest in USD||Calculation|
|0 - 100,000||1.50%||-100,000||18.94||100,000 x (5.32% + 1.50%)/360|
|100,000.01 - 1,000,000||1.00%||-500,000||87.78||500,000 x (5.32% + 1.00%)/360|
|1,000,000.01 - 50,000,000||0.75%||0||0.00|
|50,000,000.01 - 200,000,000||0.50%||0||0.00|
|Total Debit Interest Charged||106.72|
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:
|Ending Settled Cash||-160,000|
Reference Benchmark GBP: 4.91%
|Tier Balance||Tier Spread||Cash||Interest in GBP||Calculation|
|0 - 80,000||1.50%||-80,000||14.05||80,000 x (4.91%+1.50%)/365|
|80,000.01 - 800,000||1.00%||-80,000||12.95||80,000 x (4.91%+1.00%)/365|
|800,000.01 - 38,000,000||0.75%||0||0.00|
|38,000,000.01 - 150,000,000||0.50%||0||0.00|
|Total Debit Interest Charged||27.00|
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:
|Ending Settled Cash||-10,000|
Reference Benchmark EUR: 3.40%
|Tier Balance||Tier Spread||Cash||Interest in EUR||Calculation|
|0 - 90,000||1.50%||-10,000||1.36||10,000 x (3.40%+1.50%)/360|
|90,000.01 - 900,000||1.00%||0||0.00|
|900,000.01 - 44,000,000||0.75%||0||0.00|
|44,000,000.01 - 180,000,000||0.50%||0||0.00|
|Total Debit Interest Charged||1.36|
When you borrow money in CHF, interest will be calculated as follows:
|Ending Settled Cash||-600,000|
Reference Benchmark CHF: 1.32%
|Tier Balance||Tier Spread||Cash||Interest in CHF||Calculation|
|0 - 90,000||1.50%||-90,000||7.05||90,000 x (1.32%+1.50%)/360|
|90,000.01 - 900,000||1.00%||-510,000||32.86||510,000 x (1.32%+1.00%)/360|
|900,000.01 - 46,000,000||0.75%||0||0.00|
|46,000,000.01 - 180,000,000||0.50%||0||0.00|
|Total Debit Interest Charged||39.91|
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".
Your capital is at risk and your losses may exceed the value of your original investment.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.
Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.
Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.
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