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 20231127 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20231127
AED
Reference Benchmark AED
5.295%
20231127
AUD
Reference Benchmark AUD
4.345%
20231127
BGN
Reference Benchmark BGN
3.554%
20231127
BRL
Reference Benchmark BRL
12.150%
20231127
CAD
Reference Benchmark CAD
4.950%
20231127
CHF
Reference Benchmark CHF
1.574%
20231127
CNH
Reference Benchmark CNH
4.171%
20231127
CZK
Reference Benchmark CZK
6.912%
20231127
DKK
Reference Benchmark DKK
3.508%
20231127
EUR
Reference Benchmark EUR
3.906%
20231127
GBP
Reference Benchmark GBP
5.180%
20231127
HKD
Reference Benchmark HKD
5.117%
20231127
HUF
Reference Benchmark HUF
11.164%
20231127
ILS
Reference Benchmark ILS
4.623%
20231127
INR
Reference Benchmark INR
9.700%
20231127
JPY
Reference Benchmark JPY
(0.117)%
20231127
KRW
Reference Benchmark KRW
3.500%
20231127
MXN
Reference Benchmark MXN
11.405%
20231127
NOK
Reference Benchmark NOK
4.112%
20231127
NZD
Reference Benchmark NZD
5.425%
20231127
PLN
Reference Benchmark PLN
5.679%
20231127
RON
Reference Benchmark RON
5.935%
20231127
RUB
Reference Benchmark RUB
15.170%
20231127
SAR
Reference Benchmark SAR
5.879%
20231127
SEK
Reference Benchmark SEK
3.886%
20231127
SGD
Reference Benchmark SGD
3.806%
20231127
TRY
Reference Benchmark TRY
32.079%
20231127
ZAR
Reference Benchmark ZAR
8.066%
20231127
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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