IB margin rate

Discussion in 'Retail Brokers' started by sd4, Jun 28, 2005.

  1. sd4

    sd4

  2. JackR

    JackR

    You add the interest shown in the Benchmark chart to the interest shown in the Margin chart.

    In the Benchmark chart Under USD - Libor you'll see 3.046%.

    Under the Margin chart (USD) for less than $100K the adder is 1.5%.

    Add the two together and you've got the daily rate.
     
  3. Ebo

    Ebo

    .04546 X 10,000
    ---------------------
    360

    = $1.26/day
     
  4. sd4

    sd4

    thx all
     
  5. alanm

    alanm

    Quote from JackR:
    ...Add the two together and you've got the daily rate.


    It's the annual rate. Divide by ~365 to get the daily rate.
     
  6. JackR

    JackR

    I noticed my error but Ebo had already posted the actual single day, non-compounded answer.

    I'm not sure if IB uses 360 or 365/366 as a divisor.