Question about Interactive Brokers Interest - Aussie Stock Forums

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  1. #1
    Seneca60BC's Avatar
    Join Date
    Oct 2006
    Brisbane, Australia

    Default Question about Interactive Brokers Interest


    What do they mean with the following terms?

    Under Interest Paid:

    Interest Paid on Long Cash Balances

    Interest Paid on Short Sale Proceeds Cash Balances

    Under Interest Charged:

    Interest Charged on Short Cash Balances



  2. #2

    Default Re: Question about Interactive Brokers Interest

    IB pays interest on long balances, and charges interest on short balances, the rate is based on LIBOR benchmark. Therefore, very competitive compared to the other brokers.

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