For questions about interest rate issues, please use the Inquiry Ticket or Chat system located in the Support menu of Account Management.
For all below examples assume benchmark rates as follows:
| Benchmark (BM) | Rate |
|---|---|
| US Dollar Fed Funds Effective | 1.70% |
| EONIA (Euro Overnight Index Average) | 2.080% |
| CHF LIBOR (Overnight Rate) | (0.70)% |
| GBP LIBOR (Overnight Rate) | 4.439% |
When you hold excess positive cash balances, we'll pay interest as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| 10,000 | 10,000 | 10,000 | |
| Commodity Margin Deficit | 5,000 | ||
| Adjusted Balance | 10,000 | 5,000 | 10,000 |
| Adjusted for Securities Balance | |||
| Cash for Interest | 10,000 | 5,000 | 10,000 |
| Combine Securities + IBUKL | 20,000 | ||
| Commodity | 5,000 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 10,000 | 0.00 | 0.00 | 0.00 |
| Next 10,000 | 0.33 | 0.00 | 0.00 |
| Pay/Charge to Securities | 0.17 | ||
| Pay/Charge to UKL | 0.17 | ||
| Pay/Charge to Commodity | 0.00 | * interest is not paid to free cash held in the commodity sub-account |
When you hold a positive cash balance in your securities account and a negative cash balance in the IBUKL segement, interest will be paid as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| 25,000 | 5,000 | (10,000) | |
| Commodity Margin Deficit | 5,000 | ||
| Adjusted Balance | 25,000 | 0.00 | (10,000) |
| Adjusted for Securities Balance | |||
| Cash for Interest | 25,000 | 0.00 | (10,000) |
| Combine Securities + IBUKL | 15,000 | ||
| Commodity | 0.00 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 10,000 | 0.00 | 0.00 | 0.00 |
| Next 5,000 | 0.17 | 0.00 | 0.00 |
| Pay/Charge to Securities | 0.17 | ||
| Pay/Charge to UKL | 0.00 | ||
| Pay/Charge to Commodity | 0.00 |
If both the securities and UKL segments have negative cash and the commodity segment holds excess cash, interest will be calculated as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| (30,000) | 150,000 | (10,000) | |
| Commodity Margin Deficit | 10,000 | ||
| Adjusted Balance | (30,000) | 140,000 | (10,000) |
| Adjusted for Securities Balance | 40,000 | ||
| Cash for Interest | 10,000 | 100,000 | (10,000) |
| Combine Securities + IBUKL | 0.00 | ||
| Commodity | 100,000 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 10,000 | 0.00 | 0.00 | 0.00 |
| Next 0 | 0.00 | 0.00 | 0.00 |
| Pay/Charge to Securities | 0.00 | ||
| Pay/Charge to UKL | 0.00 | ||
| Pay/Charge to Commodity | 0.00 | * interest is not paid to free cash held in the commodity sub-account |
If the securities segment holds excess cash and the commodities segment holds negative cash, interest will be calculated as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| 50,000 | (10,000) | 0.00 | |
| Commodity Margin Deficit | 0.00 | ||
| Adjusted Balance | 50,000 | (10,000) | 0.00 |
| Adjusted for Securities Balance | (10,000) | ||
| Cash for Interest | 40,000 | 0.00 | 0.00 |
| Combine Securities + IBUKL | 40,000 | ||
| Commodity | 0.00 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 10,000 | 0.00 | 0.00 | 0.00 |
| Next 30,000 | 1.00 | 0.00 | 0.00 |
| Pay/Charge to Securities | 1.00 | ||
| Pay/Charge to UKL | 0.00 | ||
| Pay/Charge to Commodity | 0.00 |
When you have positive funds in the commodity segment but do not meet the 10,000 payment threshold for interest in the securities segment, interest will be calculated as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| 2,500 | 200,000 | 0.00 | |
| Commodity Margin Deficit | 10,000 | ||
| Adjusted Balance | 2,500 | 190,000 | 0.00 |
| Adjusted for Securities Balance | |||
| Cash for Interest | 2,500 | 190,000 | 0.00 |
| Combine Securities + IBUKL | 2,500 | ||
| Commodity | 190,000 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 10,000 | 0.00 | 0.00 | 0.00 |
| Next 0 | 0.00 | 0.00 | 0.00 |
| Pay/Charge to Securities | 0.00 | ||
| Pay/Charge to UKL | 0.00 | ||
| Pay/Charge to Commodity | 0.00 | * interest is not paid to free cash held in the commodity sub-account. |
When you have an excess positive cash balance in CHF, daily interest will be calculated as follows:
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| 220,000 | 0.00 | 10,000 | |
| Commodity Margin Deficit | 0.00 | ||
| Adjusted Balance | 220,000 | 0.00 | 10,000 |
| Adjusted for Securities Balance | |||
| Cash for Interest | 220,000 | 0.00 | 10,000 |
| Combine Securities + IBUKL | 230,000 | ||
| Commodity | 0.00 |
| Securities Settled Cash | Commodities Settled Cash | UKL Settled Cash | |
|---|---|---|---|
| First 100,000 | 0.00 | 0.00 | 0.00 |
| Next 130,000 | (3.43) | 0.00 | 0.00 |
| Pay/Charge to Securities | (3.28) | ||
| Pay/Charge to UKL | (0.15) | ||
| Pay/Charge to Commodity | 0.00 |
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".
Your capital is at risk and your losses may exceed the value of your original investment.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.
Cryptoassets are unregulated in the UK. Interactive Brokers (U.K) Limited ("IBUK") is registered with the Financial Conduct Authority as a cryptoassets firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
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products are only covered by the UK FSCS in limited circumstances.
Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page.
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