Interest and Financing

IB CFD Contract Interest

Contract Interest is calculated daily on all open CFD positions held at the close of the trading session, and is applied based on trade volume as shown below:

IB Share CFDs

		Balance Cutoffs		Contract Interest Charged/Paid on Open CFD Positions
Currency	Position	Tier I	Tier II	Share CFDs Below Tier I	Share CFDs Between Tier I and Tier II	Share CFDs Above Tier II
AUD	Long/Short¹	100,000	1,000,000	3.5% / 0.5% (BM +/- 1.5%)	3.5% / 0.5% (BM +/- 1.5%)	3.5% / 0.5% (BM +/- 1.5%)
CHF	Long/Short¹	90,000	900,000	0.723% / -2.277% (BM +/- 1.5%)	0.223% / -1.777% (BM +/- 1%)	-0.277% / -1.277% (BM +/- .5%)
CZK	Long/Short¹	N/A	N/A	3.13% / -2.87% (BM +/- 3%)	3.13% / -2.87% (BM +/- 3%)	3.13% / -2.87% (BM +/- 3%)
DKK	Long/Short¹	N/A	N/A	1.534% / -1.466% (BM +/- 1.5%)	1.534% / -1.466% (BM +/- 1.5%)	1.534% / -1.466% (BM +/- 1.5%)
EUR	Long/Short¹	75,000	750,000	1.257% / -1.743% (BM +/- 1.5%)	0.757% / -1.243% (BM +/- 1%)	0.257% / -0.743% (BM +/- .5%)
GBP	Long/Short¹	65,000	650,000	1.981% / -1.019% (BM +/- 1.5%)	1.481% / -0.519% (BM +/- 1%)	0.981% / -0.019% (BM +/- .5%)
HKD	Long/Short¹	780,000	7,800,000	1.542% / -1.458% (BM +/- 1.5%)	1.542% / -1.458% (BM +/- 1.5%)	1.542% / -1.458% (BM +/- 1.5%)
JPY	Long/Short¹	N/A	N/A	1.467% / -1.533% (BM +/- 1.5%)	1.467% / -1.533% (BM +/- 1.5%)	1.467% / -1.533% (BM +/- 1.5%)
NOK	Long/Short¹	600,000	6,000,000	1.467% / -1.533% (BM +/- 1.5%)	0.967% / -1.033% (BM +/- 1%)	0.467% / -0.533% (BM +/- .5%)
SEK	Long/Short¹	700,000	7,000,000	0.936% / -2.064% (BM +/- 1.5%)	0.436% / -1.564% (BM +/- 1%)	-0.064% / -1.064% (BM +/- .5%)
SGD	Long/Short¹	130,000	1,300,000	2.467% / -1.533% (BM +/- 2%)	2.467% / -1.533% (BM +/- 2%)	2.467% / -1.533% (BM +/- 2%)
USD	Long/Short¹	100,000	1,000,000	1.871% / -1.12% (BM +/- 1.5%)	1.371% / -0.62% (BM +/- 1%)	0.871% / -0.12% (BM +/- .5%)

IB Index CFDs

Currency	Position	Contract Interest Charged/Paid on Open CFD Positions*
AUD	Long/Short¹	3.5% / 0.5% (BM +/- 1.5%)
CHF	Long/Short¹	0.723% / -2.277% (BM +/- 1.5%)
EUR	Long/Short¹	1.257% / -1.743% (BM +/- 1.5%)
GBP	Long/Short¹	1.981% / -1.019% (BM +/- 1.5%)
HKD	Long/Short¹	1.542% / -1.458% (BM +/- 1.5%)
JPY	Long/Short¹	1.467% / -1.533% (BM +/- 1.5%)
USD	Long/Short¹	1.871% / -1.129% (BM +/- 1.5%)

Note: *Index CFD interest is charged at a uniform rate of BM +/- 1.5% regardless of balance. Index CFD balances are not included in the determination of the applicable rate for Share CFDs.

The relevant benchmark rate used to calculate the contract interest rates above can be found on the Interest Schedule page. Contract interest rates are determined by IB and may be adjusted from time to time at IB's discretion.

Contract interest is always applied in the contract currency of the CFD, and is calculated using the formula:

Contract Interest = I x UPV x N/360 (365 for GBP)
I =	The Contract Interest rate
UPV =	The Underlying Position Value, calculated as the CFD Daily Settlement Price x number of contracts.
N =	The number of days for which the contract interest is being calculated.

Stock Borrow Fee

An additional borrow charge is levied on short CFD Positions, determined for each stock individually based on market borrow rates. IB will provide non-binding, indicative borrow rates to clients. Borrow rates may change without notice over the life of the short position based on market conditions.

Disclosures

For long open positions, your account will be charged interest. For short open positions, your account will generally be paid interest, except in cases where the contract interest rate is negative. When the rate is negative, your account will be charged interest.