If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more.

Europe to Europe Bonds Margin Requirements

Europe Fixed Income Margin Overview

Europe Fixed Income Margin Requirements


As a resident of Europe trading bonds in Europe you are subjected to Rules-based margin. The complete margin requirement details are listed in the section below.




Foreign Sovereign Debt Securities 1

Long Positions 2
Initial Margin Requirements Maintenance Margin Requirements
Rated AAA to AA3:
Less than 6 months to maturity 2.5% * Market Value 2% * Market Value
Less than 1 year to maturity 3.75% * Market Value 3% * Market Value
More than 1 year and less than 3 years to maturity 6.25% * Market Value 5% * Market Value
At least 3 years and less than 5 years to maturity 7.5% * Market Value 6% * Market Value
At least 5 years and less than 10 years to maturity 10% * Market Value 8% * Market Value
At least 10 years and less than 20 years to maturity 12.5% * Market Value 10% * Market Value
20 years or more to maturity 15% * Market Value 12% * Market Value
Zero coupon bonds with 5 years or more to maturity Min (Market Value, 1.25 * Maintenance) Max (Specified Maintenance Amount 3, 3% * Face Value)
Rated A1 - BAA2 18.75% * Market Value 15% * Market Value
Rated Ba1-B3 Min (Market Value, 1.25 * Maintenance) Min (25% Market Value, 10% Face Value)
Rated Caa1-C Min (Market Value, 1.25 * Maintenance) Min (50% Market Value, 20% Face Value)
Defaulted 100% * Market Value 100% * Market Value
Not Rated 100% * Market Value 100% * Market Value



Additional Europe Margin Requirements for Residents of Europe


Use the following links to view any of our other Europe margin requirements:

Stocks

Options

Futures & FOPs

SSF - Single Stock Futures

Mutual Funds

CFDs

Forex

Metals


You can change your location setting by clicking here


Further Reading


To learn more about trading on margin, go to our Education Center:

Go

Disclosures
  1. End of Day Initial Margin is applied to Margin accounts at the standard rate of 50% * Market Value. No End of Day Initial Margin is applied for Portfolio Margin Accounts.
  2. Short positions are not currently supported and will incur margin of 100% of the market value.
  3. Based on the remaining years to maturity:
    • At least 5 and less than 10 = 8% * Market Value
    • At least 10 and less than 20 = 10% * Market Value
    • 20 years or more = 12% * Market Value

  • Interactive Brokers Australia currently offers margin lending to all clients EXCEPT Self- managed Superannuation Fund account holders ("SMSF"). Click here for more information. For clients of Interactive Brokers Australia who are classified as retail, margin loans will be capped at AUD$25,000 (subject to change in IBKR Australia’s sole discretion). Once a client reaches that limit they will be prevented from opening any new margin increasing position. Closing or margin-reducing trades will be allowed.
  • IBKR house margin requirements may be greater than rule-based margin.