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 20231204 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20231204
AED
Reference Benchmark AED
5.077%
20231204
AUD
Reference Benchmark AUD
4.202%
20231204
BGN
Reference Benchmark BGN
3.646%
20231204
BRL
Reference Benchmark BRL
12.150%
20231204
CAD
Reference Benchmark CAD
5.032%
20231204
CHF
Reference Benchmark CHF
1.627%
20231204
CNH
Reference Benchmark CNH
2.171%
20231204
CZK
Reference Benchmark CZK
6.891%
20231204
DKK
Reference Benchmark DKK
3.567%
20231204
EUR
Reference Benchmark EUR
3.936%
20231204
GBP
Reference Benchmark GBP
5.216%
20231204
HKD
Reference Benchmark HKD
4.339%
20231204
HUF
Reference Benchmark HUF
11.253%
20231204
ILS
Reference Benchmark ILS
4.578%
20231204
INR
Reference Benchmark INR
9.700%
20231204
JPY
Reference Benchmark JPY
(0.188)%
20231204
KRW
Reference Benchmark KRW
3.500%
20231204
MXN
Reference Benchmark MXN
11.085%
20231204
NOK
Reference Benchmark NOK
4.208%
20231204
NZD
Reference Benchmark NZD
5.326%
20231204
PLN
Reference Benchmark PLN
5.676%
20231204
RON
Reference Benchmark RON
5.865%
20231204
RUB
Reference Benchmark RUB
14.780%
20231204
SAR
Reference Benchmark SAR
5.309%
20231204
SEK
Reference Benchmark SEK
3.928%
20231204
SGD
Reference Benchmark SGD
3.658%
20231204
TRY
Reference Benchmark TRY
29.083%
20231204
ZAR
Reference Benchmark ZAR
8.582%
20231204
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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