Interactive Brokers introduces three programs for Japanese clients
Interactive Brokers ($IBKR) launched three programs through its Japanese subsidiary: revised margin financing, income on eligible foreign-currency cash and a securities-lending service. Under the margin approach, interest is charged on the amount borrowed rather than the entire position value. The cash program uses overnight currency swaps when the relevant foreign-currency rate exceeds the yen rate. The stock-lending program pays participating clients half of the market-based borrow rate on eli
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