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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:



Futures & FOPs

SSF - Single Stock Futures

Mutual Funds




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Further Reading

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


  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

  • IBKR house margin requirements may be greater than rule-based margin.

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". For a copy click here.

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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