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 as 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 20231201 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20231201
AED
Reference Benchmark AED
5.077%
20231201
AUD
Reference Benchmark AUD
4.170%
20231201
BGN
Reference Benchmark BGN
3.713%
20231201
BRL
Reference Benchmark BRL
12.150%
20231201
CAD
Reference Benchmark CAD
4.971%
20231201
CHF
Reference Benchmark CHF
1.602%
20231201
CNH
Reference Benchmark CNH
2.446%
20231201
CZK
Reference Benchmark CZK
6.892%
20231201
DKK
Reference Benchmark DKK
3.515%
20231201
EUR
Reference Benchmark EUR
3.942%
20231201
GBP
Reference Benchmark GBP
5.219%
20231201
HKD
Reference Benchmark HKD
4.621%
20231201
HUF
Reference Benchmark HUF
11.174%
20231201
ILS
Reference Benchmark ILS
4.634%
20231201
INR
Reference Benchmark INR
9.700%
20231201
JPY
Reference Benchmark JPY
(0.202)%
20231201
KRW
Reference Benchmark KRW
3.500%
20231201
MXN
Reference Benchmark MXN
10.992%
20231201
NOK
Reference Benchmark NOK
4.211%
20231201
NZD
Reference Benchmark NZD
5.340%
20231201
PLN
Reference Benchmark PLN
5.616%
20231201
RON
Reference Benchmark RON
5.804%
20231201
RUB
Reference Benchmark RUB
14.900%
20231201
SAR
Reference Benchmark SAR
5.749%
20231201
SEK
Reference Benchmark SEK
3.992%
20231201
SGD
Reference Benchmark SGD
3.839%
20231201
TRY
Reference Benchmark TRY
28.092%
20231201
ZAR
Reference Benchmark ZAR
8.455%
20231201
Prior Period Benchmark Rates

IBKR accrues interest daily and posts actual interest monthly on the third business day of the following month. For detailed examples on how we calculate interest, open the Interest Paid to You and Interest Rates Charged to You on Margin Loan Balances sections on this page.


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