This program offers no benefit to accounts with a single currency or all currency balances that are either long or short.Īn FX swap is a transaction strategy wherein one enters into a currency trade for one value date (typically the date following the trade date, in FX jargon, 'Tomorrow', or 'TOM') and reverses the transaction on the subsequent date (typically, trade date + 2 days, or 'NEXT'). These transactions can improve the overall interest rate benefits/costs for clients with large long/short positions in a multi-currency account. Potentially Improve Your Cash Portfolio Returns on Large Cash BalancesĬlients holding large cash positions with both substantial long and short balances may benefit from a special cash investment program offered by IBKR that utilises forex exchange transactions known as FX swaps.Įligible IBKR clients can subscribe to an auto-swap program that authorises IBKR to execute transactions systematically in the foreign exchange market. Your first three reclassifications are processed on a daily basis while subsequent reclassifications happen on a quarterly basis. You can switch between the IBKR Lite and IBKR Pro plan at any time. We understand your investment needs change over time.
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