FX Handling and your IBUKL Stocks and Shares ISA

Once you close a security position which is denominated in a currency other than your Base Currency, the proceeds will remain in that non-Base Currency and subject to exchange rate risk until such time you either perform a currency conversion…

In your ISK account we will automatically convert currencies when trading non-SEK denominated securities, as well as sale proceeds. To do this, we will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceeds of a sell order. For opening orders we will base the exchange rate off the spot exchange rate at the time of trade plus our 0.03% fee. For closing orders any non-SEK balances will be closed at the end of the trading day at the closing exchange rate of the day plus our 0.03% fee…

Interactive Brokers will automatically convert currencies when trading non-GBP denominated securities. To do this, Interactive Brokers will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceed of a sell order. Interactive Brokers will base the exchange rate off the spot exchange rate at the time of trade 0.03% fee…

The IBUKL Stocks and Shares ISA can only be funded in and hold GBP currency cash balances.

• When trading non-GBP denominated securities, an auto FX conversion happens at the time of execution.
• When receiving dividends, an auto FX conversion to GBP happens upon receipt of the dividend…