Two factors contribute to the daily cost/revenues related to short selling of stocks and bonds at IBKR:
Cost to Borrow USD, HKD and EUR Stock Examples1,2
Key:
General Collateral stocks are highly liquid securities readily available to borrow and lend in the Securities Lending market. Note: General Collateral stock may become Hard-to-Borrow due to changing market conditions.
Hard-to-Borrows are securities that may not be readily available to transact in the Securities Lending market due to factors such as low liquidity, elevated demand for borrow, heightened volatility or regulatory restrictions.
Accounts with NAV of USD 100,000 (or equivalent) or more are paid interest at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. There will be no interest paid on the first USD 100,000.
The interest calculator is based on information that we believe to be accurate and correct, but neither Interactive Brokers Ireland Limited nor its affiliates warrant its accuracy or adequacy and it should not be relied upon as such. Neither IBKR nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this calculator.
| Currency | Tier | Rate Paid |
|---|---|---|
| USD | 0 - 100,000 | 0% |
| 100,000.01 - 1,000,000 | 3.330% (BM - 1.25%) | |
| 1,000,000.01 - 3,000,000 | 4.080% (BM - 0.5%) | |
| 3,000,000.01 + | 4.330% (BM - 0.25%) | |
| AUD | 0 - 150,000 | 0% |
| 150,000.01 + | 2.106% (BM - 2.25%) | |
| CAD | 0 - 130,000 | 0% |
| 130,000.01 - 1,300,000 | 1.843% (BM - 1.75%) | |
| 1,300,000.01 - 3,000,000 | 2.493% (BM - 1.1%) | |
| 3,000,000.01 + | 2.693% (BM - 0.9%) | |
| CHF | 0 - 90,000 | 0% |
| 90,000.01 + | 0.000% (BM - 2.25%) | |
| EUR | 0 - 90,000 | 0% |
| 90,000.01+ | 0.919% (BM - 2.25%) | |
| GBP | 0 - 80,000 | 0% |
| 80,000.01+ | 2.455% (BM - 2.25%) | |
| HKD | 0 - 780,000 | 0% |
| 780,000.01 | 1.562% (BM - 2.25%) | |
| JPY | All | 0% |
| MXN | 0 - 2,000,000 | 0% |
| 2,000,000.01+ | 6.971% (BM - 4%) | |
| SEK | 0 - 900,000 | 0% |
| 900,000.01+ | 0.468% (BM - 2.25%) |
Disclosures
Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations or solicitation for a particular course of action, service or product. This information is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives, and requirements and, if required, seek professional financial advice before making any financial decisions.
This page does not consider all fees that might be applicable to your transaction and you should not rely on it to assess the total charges you may pay. Borrow fee rates and short sale proceeds are calculated based on settled stock positions. Costs for borrowing certain stocks may be elevated due to supply and demand dynamics in the Securities Lending market. Please note, these dynamics may lead to negative rebate rates if the borrow fee rate exceeds the short proceeds interest earned. Stock borrow fee rates may also vary by program or arrangement. Clients introduced through another broker may pay a different stock borrow fee at the election of the client’s introducing broker. Clients should contact their introducing broker about the rates that will apply to their account. The rates displayed on this page are for illustrative purposes only and are subject to change.
Past performance is not a reliable guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest.