Margin Reference Benchmark Rates

Margin Trading

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 20240523 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20240523
AED
Reference Benchmark AED
5.166%
20240523
AUD
Reference Benchmark AUD
4.269%
20240523
BGN
Reference Benchmark BGN
3.780%
20240523
BRL
Reference Benchmark BRL
10.400%
20240523
CAD
Reference Benchmark CAD
4.843%
20240523
CHF
Reference Benchmark CHF
1.392%
20240523
CNH
Reference Benchmark CNH
2.234%
20240523
CZK
Reference Benchmark CZK
5.129%
20240523
DKK
Reference Benchmark DKK
3.518%
20240523
EUR
Reference Benchmark EUR
3.927%
20240523
GBP
Reference Benchmark GBP
5.182%
20240523
HKD
Reference Benchmark HKD
3.960%
20240523
HUF
Reference Benchmark HUF
7.006%
20240523
ILS
Reference Benchmark ILS
4.177%
20240523
INR
Reference Benchmark INR
6.850%
20240523
JPY
Reference Benchmark JPY
(0.007)%
20240523
KRW
Reference Benchmark KRW
3.500%
20240523
MXN
Reference Benchmark MXN
11.136%
20240523
NOK
Reference Benchmark NOK
4.449%
20240523
NZD
Reference Benchmark NZD
5.335%
20240523
PLN
Reference Benchmark PLN
5.704%
20240523
RON
Reference Benchmark RON
5.724%
20240523
RUB
Reference Benchmark RUB
15.850%
20240523
SAR
Reference Benchmark SAR
5.924%
20240523
SEK
Reference Benchmark SEK
3.573%
20240523
SGD
Reference Benchmark SGD
3.642%
20240523
TRY
Reference Benchmark TRY
30.841%
20240523
ZAR
Reference Benchmark ZAR
8.114%
20240523
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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