Shares Subject To The Spanish Financial Transaction Tax

The following table lists the companies included in the scope of the Spanish Financial Transaction Tax as of December 2020. Based on the Spanish declaration, companies meeting the following qualifications would fall within the scope of the FTT:

  • The shares must have been admitted to trading on a regulated market which may be the Spanish market, a market of another European Union Member state or an equivalent market in a third country
  • The company's market capitalization must exceed EUR 1,000 million as of December 1 of the year preceding the year that the acquisition takes place (reviewed annually)

The list of companies provided below is being done on a best efforts basis and may be subject to ammendments at any time and without notification.

The list of ADRs which are subject to the Spanish Financial Transaction Tax are detailed at the bottom of this page.

Company Name Symbol Exchange
ACS ACTIVIDADES CONS Y SERV ACS BM
ACERINOX SA ACX BM
ACERINOX SA ACXN MEXI
AENA SME SA AENA BM
AENA SME SA AENAN MEXI
CORPORACION FINANCIERA ALBA ALB BM
ALMIRALL SA ALM BM
AMADEUS IT GROUP SA AMS2 BM
ACCIONA SA ANA BM
APPLUS SERVICES SA APPS BM
BANCO BILBAO VIZCAYA ARGENTA BBVA BM
BANCO BILBAO VIZCAYA ARGENTA BBVA MEXI
BANKIA SA BKIA BM
BANKIA SA BKIAN MEXI
BANKINTER SA BKT BM
BANKINTER SA BKTN MEXI
BANCO SANTANDER SA BNC LSE
CAIXABANK S.A CABK BM
CONSTRUCC Y AUX DE FERROCARR CAF BM
CONSTRUCC Y AUX DE FERROCARR CAFEN MEXI
PROSEGUR CASH SA CASH2 BM
PROSEGUR CASH SA CASHN MEXI
CIE AUTOMOTIVE SA CIE BM
CIE AUTOMOTIVE SA CIEAN MEXI
CELLNEX TELECOM SA CLNX BM
CELLNEX TELECOM SA CLNXN MEXI
INMOBILIARIA COLONIAL SOCIMI COL BM
AMREST HOLDINGS SE EAT WSE
AMREST HOLDINGS SE EAT BM
AMREST HOLDINGS SE EATN MEXI
EBRO FOODS SA EBRO BM
EDP RENOVAVEIS SA EDPR BVL
EUSKALTEL SA EKT1 BM
EUSKALTEL SA EKTN MEXI
ENDESA SA ELE BM
ENDESA SA ELE1N MEXI
ENAGAS SA ENG BM
FAES FARMA SA - FAE BM
FOMENTO DE CONSTRUC Y CONTRA FCC BM
FLUIDRA SA FDR BM
FLUIDRA SA FDRN MEXI
FERROVIAL SA FER BM
SIEMENS GAMESA RENEWABLE ENE GAM BM
NATURGY ENERGY GROUP SA GAS BM
GRUPO CATALANA OCCIDENTE SA GCO BM
GRUPO CATALANA OCCIDENTE SA GCON MEXI
GESTAMP AUTOMOCION SA GEST BM
GESTAMP AUTOMOCION SA GESTN MEXI
GRIFOLS SA GRF BM
GRIFOLS SA - B GRF.P BM
INTL CONSOLIDATED AIRLINE-DI IAG LSE
INTL CONSOLIDATED AIRLINE-DI IAG BM
INTL CONSOLIDATED AIRLINE-DI IAGN MEXI
IBERDROLA SA IBE BM
IBERDROLA SA IBEN MEXI
INDRA SISTEMAS S.A. IDR BM
INDUSTRIA DE DISENO TEXTIL ITX BM
INDUSTRIA DE DISENO TEXTIL ITXN MEXI
CIA DE DISTRIBUCION INTEGRAL LOG BM
MAPFRE SA MAP BM
MELIA HOTELS INTERNATIONAL MEL BM
MELIA HOTELS INTERNATIONAL MELN MEXI
MERLIN PROPERTIES SOCIMI SA MRL BM
NH HOTEL GROUP SA NHH BM
PHARMA MAR SA PHM BM
PHARMA MAR SA PHM1N MEXI
PROSEGUR COMP SEGURIDAD PSG BM
RED ELECTRICA CORPORACION SA REE BM
RED ELECTRICA CORPORACION SA REEN MEXI
REPSOL SA REP BM
REPSOL SA REPSN MEXI
LABORATORIOS FARMACEUTICOS R ROVI BM
BANCO DE SABADELL SA SAB2 BM
BANCO SANTANDER SA SAN MEXI
BANCO SANTANDER SA SAN WSE
BANCO SANTANDER SA SAN1 BM
SACYR SA SCYR BM
SIEMENS GAMESA RENEWABLE ENE SGREN MEXI
SOLARIA ENERGIA Y MEDIO AMBI SLR BM
TELEFONICA SA TEF BM
TELEFONICA SA TEF1N MEXI
TELEFONICA SA TEFOF PINK
MEDIASET ESPANA COMUNICACION TL5 BM
MEDIASET ESPANA COMUNICACION TL5N MEXI
UNICAJA BANCO SA UNI2 BM
VIDRALA SA VID BM
VISCOFAN SA VIS BM
VISCOFAN SA VISCN MEXI
ZARDOYA OTIS SA ZOT BM
ZARDOYA OTIS SA ZOTN MEXI

 

The following is a list of ADRs which are subject to the Spanish Financial Transaction Tax.

Company Name Symbol Exchange
ACERINOX SA-UNSPON ADR ANIOY PINK
ACS ACTIVIDADES CONS-UNS ADR ACSAY PINK
AENA SME SA-ADR ANYYY PINK
AMADEUS IT GROUP-UNSP ADR AMADY PINK
BANCO BILBAO VIZCAYA-SP ADR BBVA NYSE
BANCO DE SABADELL-UNSPON ADR BNDSY PINK
BANCO SANTANDER SA-SPON ADR SAN NYSE
BANKIA SA-UNSP ADR BNKXY PINK
BANKINTER SA-SPONS ADR BKNIY PINK
CAIXABANK- UNSPON ADR CAIXY PINK
CELLNEX TELECOM SAU-UNSP ADR CLLNY PINK
EBRO FOODS SA -UNSP ADR EBRPY PINK
ENAGAS-UNSPONSORED ADR ENGGY PINK
ENDESA SA-UNSP ADR ELEZY PINK
FERROVIAL SA-UNSPONSORED ADR FRRVY PINK
FOMENTO DE CONST-UNSPON ADR FMOCY PINK
GRIFOLS SA-ADR GRFS NASDAQ
GRIFOLS SA-SPON ADR GIKLY PINK
IBERDROLA SA-SPONSORED ADR IBDRY PINK
INDITEX-UNSPON ADR IDEXY PINK
INDRA SISTEMAS SA-UNSP ADR ISMAY PINK
MAPFRE SA-UNSP ADR MPFRY PINK
NATURGY ENERGY GROUP SA-ADR GASNY PINK
PROSEGUR CASH SA - UNSP ADR PGUCY PINK
RED ELECTRICA COR-UNSPON ADR RDEIY PINK
REPSOL SA-SPONSORED ADR REPYY PINK
TELEFONICA SA-SPON ADR TEF NYSE
TELEFONICA SA-SPON ADR TNE2 IBIS
TELEFONICA SA-SPON ADR TEFN MEXI
ABENGOA SA-UNSPON ADR ABGOY PINK
ABERTIS INFRAESTR-UNSPON ADR ABRTY VALUE
ATRESMEDIA CORP DE -UNSP ADR ATVDY PINK
BOLSAS Y MERCADOS ESP-UN ADR BOLYY VALUE
DISTRIBUIDORA INT-UNSP ADR DIDAY PINK
GAMESA CORP TECN-UNSPON ADR GCTAY PINK
PROMOTORA DE INFORMA-ADR PRISY PINK

 

Information Regarding the Spanish Financial Transaction Tax

Overview

This document provides an overview of how the Spanish Financial Transaction Tax (FTT) will be handled by Interactive Brokers.

Effective January 16, 2021, a new tax will be implemented on the purchase of certain Spanish securities.

Tax Rate

The announced tax is 0.20%.

Scope

The FTT will be applied to shares of Spanish companies whose market capitalisation exceeds EUR 1,000 million as of December 1 of the year preceding the year that the acquisition takes place. The shares must have been admitted to trading on a regulated market which may be the Spanish market, a market of another European Union Member state or an equivalent market in a third country. The Spanish Ministry of Finance will publish a list of Spanish companies with a market cap exceeding this threshold by December 31 each year. The Ministry of Finance will review and republish the list the first month the FTT is in place.

The following cases are subject to the Spanish FTT:

  • Shares acquired on an exchange transaction
  • Shares acquired on the execution or settlement of fixed-income securities which may be converted or exchanged for shares
  • Shares acquired as a result of execution or settlement of financial derivatives (i.e. stock option exercise/assignment)
  • Shares acquired from the execution of finance contracts defined in article 2.1 of Order EHA3537/2005 (contracts not traded on official secondary markets for which a credit institution receives money or securities from customers assuming a repayment obligation)

Accrual

Tax becomes payable on the settlement date of the transaction

Tax Base

There will be a special calculation for intra-day transactions. Therefore, only the net settlement will be taxed.

快照市场数据

背景

符合一定要求的IBKR客户可选择提交单次请求,要求接收某个金融产品的实时报价。该服务被称为“快照报价”。传统报价服务会持续更新实时报价,而快照报价不会,这是它与传统报价服务的不同之处。对于不经常交易且不希望根据延时报价下单的客户,快照报价的价格更有竞争力。有关该报价服务的更多信息如下。

 

报价项目

快照报价包括以下数据:        

  • 最后价格
  • 最后交易量
  • 最后交易所
  • 当前买价-卖价
  • 每笔当前买价-卖价的交易量
  • 每笔当前买价-卖价的交易所

 

可用服务

服务 限制 每条报价请求的价格(美元)1
AMEX(B/CTA网络)   $0.01
ASX Total 不支持ASX24
仅限非专业订阅用户
$0.03
Bolsa de Madrid   $0.03
加拿大交易所集团(TSX/TSXV) 仅限非专业订阅用户且IB加拿大的客户除外 $0.03
CBOT实时   $0.03
CME实时   $0.03
COMEX实时   $0.03
Eurex Core 仅限非专业订阅用户 $0.03
Euronext基础版 仅限非专业订阅用户

包括Euronext股票、指数、股票衍生品及指数衍生品。
$0.03
德国ETF和指数 仅限非专业订阅用户 $0.03
香港(HKFE)衍生品   $0.03
香港证券交易所(股票、权证、债券)   $0.03
约翰内斯堡证券交易所   $0.03
蒙特利尔衍生品 仅限非专业订阅用户 $0.03
NASDAQ(C/UTP网络)   $0.01
Nordic衍生品   $0.03
Nordic股票   $0.03
NYMEX实时   $0.03
NYSE(A/CTA网络)   $0.01
OPRA(美国期权交易所)   $0.03
上海股票交易所5秒快照(通过HKEx)   $0.03
深圳股票交易所3秒快照(通过HKEx)   $0.03
SIX瑞士交易所 仅限非专业订阅用户 $0.03
即期市场德国(Frankfurt/Xetra) 仅限非专业订阅用户 $0.03
STOXX指数实时数据 仅限非专业订阅用户 $0.03
多伦多证券交易所 仅限IB加拿大的非专业订阅用户 $0.03
多伦多证券交易所创业板 仅限IB加拿大的非专业订阅用户 $0.03
英国伦敦证券交易所(IOB)股票   $0.03
英国伦敦证券交易所股票   $0.03

 1成本基于单笔快照报价请求,且若基础货币不是美元,则会以与美元等值的基础货币收取。

 

资格要求

  • 账户净资产至少须达到10美元或等值方可使用快照报价服务。
  • 用户必须运行TWS 976.0或以上版本方可使用快照报价功能。

 

定价详情

  • 报价采用后付费模式,通常在提供快照服务次月的第一周收取。账户现金或含贷款价值的净资产如不足以支付月费,则账户头寸将面临清算。
  • AMEX(B/CTA网络)、NASDAQ(C/UTP网络)和NYSE(A/CTA网络)的月费有上限,如用户订阅了快照数据组服务,且当月报价请求的合计成本达到了实时数据服务的价格,则该月剩余时间用户无需支付额外费用即可使用实时数据服务。在达到快照数据费用门槛后,系统将于美国东部时间下一工作日的18:30左右切换为实时报价。月末,实时报价服务会自动终止,次月快照费用则重新开始累计。每项服务的费用均单独累计,一项服务的报价请求不得与另一项服务合并来应用上限。详情请见以下表格。
服务 每条报价请求的价格(美元) 非专业订阅用户上限(请求数/总成本)2 专业订阅用户上限(请求数/总成本)3
AMEX(B/CTA网络) $0.01 150/$1.50 2,300/$23.00
NASDAQ(C/UTP网络) $0.01 150/$1.50 2,500/$25.00
NYSE(A/CTA网络) $0.01 150/$1.50 4,500/$4,500

 2要求订阅美国证券快照和期货价值数据组。
 3要求订阅美国证券快照数据组。

 

请求快照报价

桌面版交易——标准模式TWS:

如您已能看到延时数据且启用了快照报价,则您可在“代码行动”栏下看到“快照”按钮:

 

点击“快照”按钮后会出现报价详情窗口。一旦系统收到了该产品的NBBO(全国最佳买卖价)报价,报价详情窗口会即刻生成一个时间戳并显示NBBO信息:


 

在报价详情窗口中点击刷新链接会更新NBBO报价。 

举例:

在上例中,GOOG是一家在纳斯达克(C/UTP 网络)上市的公司。每请求一次报价(一次快照)的费用为0.01美元。

  • 非专业用户最多可再请求149条GOOG或任意其它在纳斯达克(C/UTP 网络)上市的股票的快照数据,超过149条将切换为实时报价。
  • 专业用户最多可再请求2449条GOOG或任意其它在纳斯达克(C/UTP 网络)上市的股票的快照数据,超过2449条将切换为实时报价。

您请求快照数据产生的费用不会超过上限。一旦达到上限,该月剩余时间将不会产生新的费用,且您将收到该产品的实时数据。

 

桌面版交易——TWS魔方:

如您已能看到延时数据且启用了快照报价,选择监控标签下的某一行后,“定单输入”窗口会显示请求快照数据的选项。

 


 

点击+快照链接后会出现报价详情窗口。一旦系统收到了该产品的NBBO报价,报价详情窗口会即刻生成一个时间戳并显示NBBO信息:

 


 

在报价详情窗口中点击刷新链接会更新NBBO报价。

客户端:

如您已能看到延时数据且启用了快照报价,在买价/卖价下的“定单委托单”窗口内,您将看到快照链接:

 

 

点击快照链接后会出现报价详情窗口。一旦系统收到了该产品的NBBO报价,报价详情窗口会即刻生成一个时间戳:

 

 

在报价详情窗口中点击刷新链接会更新NBBO报价。

 

网络交易——网络交易者(WebTrader):

如您已能看到延时数据且启用了快照报价,在“市场”标签下的“额外数据”栏上您将看到“快照”数据:

 


 

点击“快照”按钮后会出现报价详情窗口。一旦系统收到了该产品的NBBO报价,报价详情窗口会即刻生成一个时间戳:

 

移动交易——移动IBKR应用:

在报价界面点击任意产品代码会扩展报价框。如您已能看到延时数据且启用了快照报价,您将看到“快照”链接:


点击“快照”链接后会出现报价详情窗口。一旦系统收到了该产品的NBBO(全国最佳买卖价)报价,报价详情窗口会即刻生成一个时间戳并显示NBBO信息:

 

 

风险费用计算概述

简介

IBKR的全球风险管理流程包括每天对客户的投资组合进行压力测试,以评估当价格变动超出保证金保障范围时,投资组合的风险敞口。此类压力测试旨在识别那些尽管满足保证金要求,但当IBKR预测的极端情境发生时,损失将超出净资产的账户。为加强客户对其潜在风险敞口的理解,IBKR实施了每日风险费用,当账户报告的日末无保障风险超过一定水平时将收取该费用。

 

当前风险费用概述

目前,风险费用适用于股票、股票波动率、原油和精炼油产品。盈透证券会基于预先设定幅度的市场涨跌模拟所有账户的盈亏情境。对于每种预先设定的情境,系统会计算合计损益,然后用这些情境中损失最大的值减去账户的净清算价值,以确定是否存在无保障的损失。如存在,则无保障的部分将被收取每日风险费用。

 

风险费用计算方法的变动(自2018年3月19日起实施)

我们将变更当前的风险费用计算方法,以便更全面地考虑更多市场情境,比如之前未考虑的不同产品产品类型间的相关性。新的计算方法基于蒙特卡罗模拟,该方法会考虑成千上万种市场情境,然后预测您的投资组合在板块价格变化时的风险敞口(板块如个股和石油、天然气、肉、糖、可可、金属、外汇和加密货币等),接着再根据其它产品的板块相关性将评估应用于其它产品。

 

管理风险费用

当系统发现某个账户需支付风险费用,我们将向客户发送通知,告知其该费用的情况并给账户持有人一周时间,让其调整头寸或净资产;一周后,如仍存在该费用,则费用将生效。 为帮助客户尽量避免或减少该费用,IBKR在账户管理中向客户提供每日风险费用计算报告,该报告会列明费用详情并举例说明根据目前已有的信息,如何调整已有头寸能减少风险费用。

 

主要风险因素

系统将基于主要风险因素对投资组合进行压力测试及重评估,这些风险因素由指数或ETF代表,而投资组合中的所有其它产品将根据其与主要风险因素的相关性调整。

下表总结了每种风险因素、代表指数或ETF,以及我们对每种风险因素进行压力测试的上限和下限。

风险因素
产品
下限
上限
股票
SPX
-30.00%
20.00%
个股
 
-50%
50%
可可
CHOC
-31.80%
47.40%
棉花
COTN
-50%
50%
加密货币
NYXBT
-100%
93.90%
天然气
UNG
-19.70%
84.90%
工业金属
DBB
-29.50%
29.30%
COW
-15.00%
21.40%
USO
-18.80%
62.00%
贵金属
DBP
-28.70%
32.30%
SGG
-34.50%
52.30%
国债
TLT
-19.80%
15.60%
小麦
OD7S
-40.90%
64.70%
大豆 SOYB -22.6% 27.4%
玉米 CORN -23.5% 41.5%

 

外汇风险因素
下限
上限
AUD
-18.10%
18.10%
CAD
-13.70%
13.70%
CHF
-13.90%
13.90%
CNH
-8.20%
8.20%
CNY
-6.70%
6.70%
CZK
-9.50%
9.50%
DKK
-7.90%
7.90%
EUR
-9.90%
9.90%
GBP
-13.00%
13.00%
HKD
-8.00%
8.00%
HUF
-20.50%
20.50%
ILS
-8.80%
8.80%
INR
-12.40%
12.40%
JPY
-16.80%
16.80%
KRW
-18.00%
18.00%
MXN
-16.70%
16.70%
NOK
-12.90%
12.90%
NZD
-14.60%
14.60%
PLN
-31.40%
31.40%
RUB
-27.80%
27.80%
SEK
-13.20%
13.20%
SGD
-6.30%
6.30%
TRY
-40.10%
40.10%
USD
-9.30%
9.30%
ZAR
-19.00%
19.00%

 

有关风险费用计算报告的更多信息,请见知识库文章3113

 

Exposure Fee Calculations Overview

Introduction

IBKR's global risk management routine includes a daily execution of computations through which each client’s portfolio is stress tested to determine its exposure to a series of prices changes beyond that protected by margin. These stress tests serve to identify accounts that, while margin compliant, project losses which exceed the account’s equity were these scenarios to be realized and which IBKR regards as excessive. In an effort to increase client awareness as to their potential exposure, IBKR has implemented a daily Exposure Fee, that is assessed to any account reporting end of day uncovered risk in excess of specified levels.

 

Current Exposure Fee Overview

The current Exposure Fee calculation is intended to reflect a more comprehensive set of market scenarios in addition to price dependencies among all products types. The calculation is based upon a Monte Carlo simulation which incorporates thousands of market scenarios and projects the exposure of your portfolio assuming sector-based price changes (e.g., individual stock and sectors such as oil, gas, meat, sugar, cocoa, metals, foreign exchange & crypto-currencies), and then applying this evaluation to all other products based upon their respective sector correlation.

 

Managing the Exposure Fee

At the initial point an account is detected as being subject to the Exposure Fee, a communication will be sent out explaining the fee and affording the account holder one week to adjust positions and equity before the Fee, if still applicable, will take effect. To assist with avoidance or mitigation of the Fee, IBKR provides a daily Exposure Fee Calculation report via Account Management which details the Fee and provides examples of hypothetical adjustments to existing positions which, if implemented, are projected to reduce the Fee given information then available.

 

Primary Risk Factors

Each portfolio will be re-valued based upon stressing each primary risk factor, which is represented by a future contract, index or ETF, and all other product(s) in the portfolio will adjusted based upon their correlation associated with that primary risk factor.

Below is a summary of each risk factor, the representing Future Contract, Index or ETF, and the upper and lower range in which we stress each risk factor.

Risk Factors Product Lower Bound Upper Bound
Equity S&P 500 Index (SPX) -30.00% 20.00%
Australia Equity S&P 500 / ASX 200 Index Australia Index (AP) -30.00% 20.00%
United Kingdom Equity FTSE 100 Index (Z) -30.00% 20.00%
European Equity   Dow Jones Euro STOXX50 Index (ESTX50) -30.00% 20.00%
Hong Kong Equity   Hang Seng Index (HSI) -30.00% 20.00%
Japanese Equity Nikkei 225 Index -30.00% 20.00%
Individual Stocks -50.00% 50.00%
Oil (Crude Oil) Light Sweet Crude Oil Futures -32.00% 62.00%
Oil (Brent Oil) Brent Crude Oil Futures -30.00% 60.00%
CO2 ICE ECX EUA Futures -74.30% 59.50%
Treasury iShares 20+ Year Treasury Bond ETF (TLT) -19.80% 15.60%
Treasury1 iShares 1-3 Year Treasury Bond ETF (SHY) -1.80% 1.20%
Italian Govt Bond Euro-BTP Italian Government Bond -13.00% 13.00%
BAX 3 Month Canadian Bankers' Acceptance Futures -0.40% 0.40%
EuroBund Euro Fund (10 Year Bond - GBL) -7.60% 8.60%
JGB Japanese Government Bonds (JGB) -2.20% 2.20%
Live Cattle Live Cattle (LE) -30.00% 30.00%
Feeder Cattle Feeder Cattle (GF) -30.00% 30.00%
Hogs Lean Hogs Index (HE) -30.00% 30.00%
Ind. Metals. NYMEX Cooper Index (HG) -25.30% 22.10%
Prec. Metals SPDR Gold Shars (GLD) -20.70% 34.50%
Silver NYMEX Silver Index (SI) -26.20% 28.80%
Wheat ETFS Wheat (OD7S) -40.90% 64.70%
Corn Teucrium Corn Fund (CORN) -23.50% 41.50%
Soybean Teucrium Soybean Fund (SOYB) -22.60% 27.40%
Rice Rough Rice Futures (ZR) -22.60% 27.40%
Cocoa iPath Bloomberg Cocoa Subindex Total Return (NIB) -28.60% 37.40%
Gas Henry Hub Natural Gas Futures (NG) -18.80% 62.00%
Crypto The NYSE bitcoin Index (NYXBT) -100.00% 93.90%
Sugar iPath Bloomberg Sugar Subindex Total Return (SGGFF) -34.50% 52.30%
Cotton ETFS Cotton (COTN) -50.00% 50.00%
Coffee iPath Bloomberg Coffee Subindex Total Return (JJOFF) -30.00% 50.00%
Lumber Random Length Lumber (LB) -30.00% 30.00%
Milk Milk Class III Index (DA) -15.00% 15.00%
Orange Juice FC Orange Juice "A" (OJ) -35.00% 35.00%

 

Forex Risk Factor Lower Bound Upper Bound
AUD -18.10% 18.10%
BGN -6.80% 6.80%
BRL -17.00% 17.00%
CAD -13.70% 13.70%
CHF -13.90% 13.90%
CNH -8.20% 8.20%
CNY -6.70% 6.70%
CYP -7.20% 7.20%
CZK -9.50% 9.50%
DKK -7.90% 7.90%
EEK -5.50% 5.50%
EUR -9.90% 9.90%
GBP -13.00% 13.00%
HKD -8.00% 8.00%
HRK -7.00% 7.00%
HUF -20.50% 20.50%
ILS -8.80% 8.80%
INR -12.40% 12.40%
ISK -9.90% 9.90%
JPY -16.80% 16.80%
KRW -18.00% 18.00%
LTL -7.20% 7.20%
LVL -7.00% 7.00%
MTL -7.20% 7.20%
MXN -16.70% 16.70%
NOK -12.90% 12.90%
NZD -14.60% 14.60%
PLN -31.40% 31.40%
RON -6.90% 6.90%
RUB -27.80% 27.80%
SEK -13.20% 13.20%
SGD -6.30% 6.30%
SIT -7.20% 7.20%
SKK -7.20% 7.20%
TRY -40.10% 40.10%
TWD -14.20% 14.20%
USD -9.30% 9.30%
ZAR -19.00% 19.00%


For additional information concerning this Exposure Fee Calculation report, please see KB3113.

French Withholding Tax Reclaim

European withholding taxes on dividends are taxed at source. This means that the tax is withheld by the depository prior to remittance of the distribution to IB and the subsequent credit of the net distribution to the accounts of any IB's customer.

As outlined in the customer agreement, IB holds all shares in street name. For this reason the rate between the dividend paying country (France) and the receiving country (IB LLC US) is 28% for 2020 (reduced from 30% for 2019). While you may hold an account with Interactive Brokers UK, IBUK in turn acts as an introducing broker for Interactive Brokers LLC. As such, Interactive Brokers LLC is the street facing holder of shares. See the below link to the IB Customer Agreement for further clarification. In case the link does not work, find the Forms and Disclosures link at the bottom of the Interactive Brokers website and select Agreements followed by Customer Agreements and IB UK Limited Customer Agreement:

https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration.formSampleView?file=registration_1/uk_customer_agreement.html

On French stock dividends, IB can facilitate the process of dividend tax reclaim. To reclaim taxes you are required to complete Forms 5000 and 5001. Please return the completed forms to IB initially as an attachment to an Inquiry Ticket. Upon receipt, IB will review the forms and confirm if they can be accepted. Once reviewed, the original forms should be sent to:

Interactive Brokers UK Ltd
Att. Esther and Heinz
Gotthardstrasse 3
CH-6301 Zug
Switzerland
 
In Form 5000 you have to fill out only the first page.
 
At point I please select "Normal procedure".
At point II please complete with your personal details.
At point III please write your signature
At point IV is required your Tax ID Number and the Signature/Stamp of your local Tax Office.
 
 
In Form 5001 complete the second page with the corresponding shares and dividend details (incl. ISIN). Please ensure the completed form is signed.
 
 
Please note the forms 5000 and 5001 provided to IB should be those for the French tax authorities. In the box on the top left of the forms you can see the version of the forms. They need to be the ones 'for the use of the French tax authorities', and not the versions 'to be kept by the beneficiary' or 'for the use of the foreign tax authorities'.
 
Upon receipt of the original forms, IB will forward the documents to our custodian for the French market. Upon receipt of the refunded withholding tax, IB will credit the account.
 
Please note that an external fee of 125 EUR per each dividend is charged by Euroclear for processing the reclaim. This fee is charged regardless of whether the refund is successful or not.
 
The process of tax reclaims is handled on a best effort basis and could take several months (6 to 12).
 
The deadline to request a French Tax Reclaim is two years from the end of the year of the dividend payment event with an exception for residents of the Netherlands (three years) and Germany (four years).
 
Please send IB the original forms before the end of October of the deadline year to ensure that Euroclear will have the documents. Documents received by Euroclear after 15 November of the reclaim deadline year will be processed on a best efforts and will incur a higher fee of 200 euros per dividend payment.
 
French ADR Withholding Tax Reclaim
 
IB does not support ADR Tax Reclaims. GlobeTax can be a solution to reclaim the ADR Withholding Tax. Please see the contact details below:
 
GlobeTax
Sarah Roberts
+1-212-364-9045

 

为何美国期权的佣金收费各有不同?

IB的期权佣金费用包含两部分:

1. 归于IB的执行费用。 对于智能传递定单,该费用为每份合约$0.70美元,给定月份超出100,000份合约的定单,每份合约可低至$0.15美元(参见网站了解直接传递定单费用、低价期权优惠费率和最低定单费用); 

2. 第三方交易所、监管和/或交易费用。

就第三方费用而言,某些美国的期权交易所会有一个流动性费用/折扣结构,在与IB的执行费用以及其他监管和/或交易费用一起应用时,可能会导致各个定单总的每份合约佣金费用各不相同。 这是由交易所部分的计算所造成的。交易所部分的计算最终结果可能是向客户支付款项而非收取费用,其取决于一些不受IB控制的因素,包括客户的定单属性以及现行买-卖报价。

采用这种流动性费用/折扣模式的交易所会对消耗流动性的定单(即适销定单)收取费用,而对添加流动性的定单(即非适销的限价定单)提供折扣返点。费用会因交易所、客户类型(如公众客户、经纪交易商、公司、做市商和专业交易者)和期权底层证券的不同而不同,公众客户折扣通常介于$0.10 - $0.42之间,而公众客户费用则介于$0.15 - $0.50之间。 

IB有义务将适销的期权定单传递至提供最佳执行价格的交易所,且如果出现多个最佳报价,智能传递在决定将定单传往哪个交易所时会考虑流动性消耗费用(即会将定单传递至费用最低或无费用的交易所)。 因此,只有在提供的价格优于市价至少$0.01时,智能传递才会将市价定单传递至收取更高费用的交易所(鉴于标准期权乘数为100,会产生$1.00的价格改善,大于最高流动性消耗费用)。

有关添加/消耗流动性概念的更多信息以及相关举例,请参见KB201

添加/消耗流动性

Overview: 

本文旨在对交易所费用、添加/消耗流动性费用以及非组合佣金提供正确的理解。

 

添加或消耗流动性的概念既适用于股票,也适用于股票/指数期权。一个定单是消耗流动性还是添加流动性,取决于定单是适销还是非适销。

适销定单会消耗流动性。
适销定单要么是市价定单,要么是限价等于或高于/低于当前市价的买入/卖出限价定单。

1. 对于适销的买入限价定单,限价等于或高于卖价。

2. 对于适销的卖出限价定单,限价等于或低于买价。

举例:
XYZ股票当前卖价尺寸/价格为400股/46.00。您输入一个买入限价定单,即以46.01的价格买入100股XYZ股票。由于定单马上就能执行,其将被视为适销定单。如果交易所会对消耗流动性收费,则客户将需缴纳该费用。


 

非适销定单会添加流动性。
非适销定单是限价低于/高于当前市价的买入/卖出限价定单。

1. 对于非适销的买入限价定单,限价低于卖价。

2. 对于非适销的卖出限价定单,限价高于买价。

举例:
XYZ股票当前卖价尺寸/价格为400股/46.00。您输入一个买入限价定单,即以45.99的价格买入100股XYZ股票。由于定单将被作为最佳买价发布至市场,而不会立即执行,其将被视为非适销定单。
若有人发送了一个适销的卖出定单,从而使您的买入限价定单得以执行,则如果有添加流动性返点,您会收到一定折扣(返点)。

请注意:
1. 所有交易期权的账户均需就消耗/添加流动性缴纳/享受期权交易所费用或返点。
2. 根据IB网站,消耗/添加流动性费用表下只有负数才是折扣(返点)。

https://www.ibkr.com.cn/cn/index.php?f=2356
股票与期权佣金/费用请参见上方链接。

优先级或专业客户定单

2009年4季度,一些美国期权交易所(CBOE;ISE)实施细则将来自被视为“专业”(即拥有的信息和/或技术能供其同经纪交易商一样进行交易的个人或实体)的一批公众客户的定单与零售客户区分开来。根据该等细则,任何不是经纪交易商且在给定月份为自己的受益账户在所有期权交易所下达的日平均期权定单数超过390(无论执行与否)的客户账户都将被分类为专业。自CBOE和ISE最先实施以来,大多数其他美国期权交易所也执行了类似细则将定单区分为“专业”。

代专业客户提交至这些期权交易所的定单在执行优先级方面与经纪交易商待遇相同,且会产生交易费用,从($0.65)的折扣到$1.12的费用不等(取决于期权类别)。 

经纪商需每个季度进行一次审查,确定该季度内哪些客户超过了390个定单的临界值以及哪些客户将在下一个季度被指定为专业。请注意,就该等细则而言,价差定单被视为单个定单,而不是每条边作一个定单。IB将会向受该等细则影响的客户发出通知。此外,IB的智能定单传递在做出传递决定时也会将这些新的交易所费用考虑在内。

更多详细信息,请参见以下链接:

ISE监管通告2009-179

CBOE监管通告RG09-148

Snapshot Market Data

BACKGROUND

IBKR offers eligible clients the option of receiving a real-time price quote for a single instrument on a request basis. This service, referred to as “Snapshot Quotes” differs from the traditional quote services which offer continuous streaming and updates of real-time prices. Snapshot Quotes are offered as a low-cost alternative to clients who do not trade regularly and do not want to rely upon delayed quotes1 when submitting an order. Additional details regarding this quote service is provided below. 

QUOTE COMPONENTS

The Snapshot quote includes the following data:        

  • Last price
  • Last size
  • Last exchange
  • Current bid-ask
  • Size for each of current bid-ask
  • Exchange for each of current bid-ask 

AVAILABLE SERVICES

Service Restrictions Price per Quote Request (USD)2
AMEX (Network B/CTA)   $0.01
ASX Total No access to ASX24.
Limited to Non-Professional subscribers
$0.03
Bolsa de Madrid   $0.03
Canadian Exchange Group (TSX/TSXV) Limited to Non-Professional subscribers who are not clients of IB Canada $0.03
CBOT Real-Time   $0.03
CME Real-Time   $0.03
COMEX Real-Time   $0.03
Eurex Core Limited to Non-Professional subscribers $0.03
Euronext Basic Limited to Non-Professional subscribers

Includes Euronext equities, indices, equity derivatives and index derivatives.
$0.03
German ETF's and Indices Limited to Non-Professional subscribers $0.03
Hong Kong (HKFE) Derivatives   $0.03
Hong Kong Securities Exchange (Stocks, Warrants, Bonds)   $0.03
Johannesburg Stock Exchange   $0.03
Montreal Derivatives Limited to Non-Professional subscribers $0.03
NASDAQ (Network C/UTP)   $0.01
Nordic Derivatives   $0.03
Nordic Equity   $0.03
NYMEX Real-Time   $0.03
NYSE (Network A/CTA)   $0.01
OPRA (US Options Exchanges)   $0.03
Shanghai Stock Exchange 5 Second Snapshot (via HKEx)   $0.03
Shenzhen Stock Exchange 3 Second Snapshot (via HKEx)   $0.03
SIX Swiss Exchange Limited to Non-Professional subscribers $0.03
Spot Market Germany (Frankfurt/Xetra) Limited to Non-Professional subscribers $0.03
STOXX Index Real-Time Data Limited to Non-Professional subscribers $0.03
Toronto Stk Exchange Limited to Non-Professional subscribers who are clients of IB Canada $0.03
TSX Venture Exchange Limited to Non-Professional subscribers who are clients of IB Canada $0.03
UK LSE (IOB) Equities   $0.03
UK LSE Equities   $0.03

1Delayed quotes are not provided for U.S. stocks in IBLLC accounts or any IBKR account where the client resides in the U.S. due to FINRA regulations.

2Cost is per snapshot quote request and will be assessed in the Base Currency equivalent, if not USD.

 

ELIGIBILITY

  • Accounts must maintain the Market Data Subscription Minimum and Maintenance Equity Balance Requirements in order to qualify for Snapshot quotes.
  • The Users must operate TWS Build 976.0 or higher to access Snapshot quote functionality.

 

PRICING DETAILS

  • Clients will receive $1.00 of snapshot quotes free of charge each month. Free snaphots may be applied to either U.S. or non-U.S. quote requests and charges will be applied, without additional notice, once the free allocation has been exhausted. Clients may review their snapshot usage as of the close of each business day via the Client Portal.
  • Quote fees are assessed on a lag basis, generally in the first week after the month in which Snapshot services were provided. Accounts which do not have sufficient cash or Equity With Loan Value to cover the monthly fee will be subject to position liquidations.
  • The monthly fee for snapshots will be capped at the related streaming real-time monthly service price. At which time the streaming quotes will be provided at no additional cost for the remainder of the month.  The switch to streaming quotes will take place at approximately 18:30 EST the following business day after reaching the snapshot threshold. At the close of the month, the streaming service will automatically terminate and the snapshot counter will reset. Each service is capped independently of the others and quote requests for one service cannot be counted towards the cap of another. See table below for sample details.
Service Price per Quote Request (USD) Non-Pro Subscriber Cap (Requests/Total Cost)2 Pro Subscriber Cap (Requests/Total Cost)3
AMEX (Network B/CTA) $0.01 150/$1.50 2,300/$23.00
NASDAQ (Network C/UTP) $0.01 150/$1.50 2,500/$25.00
NYSE (Network A/CTA) $0.01 150/$1.50 4,500/$45.00

 

REQUESTING SNAPSHOT QUOTES

Desktop Trading - TWS (Classic):

If you have delayed data displayed and subscribed to the snapshot permissions, under the column Ticker Action you would see a button for Snapshot:

 

When clicking the Snapshot button, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:


 

In the Quote Details Window clicking the Refresh link will update the the NBBO quote. 

Example:

In the above case, GOOG is a NASDAQ (Network C/UTP) listed stock. There will be a charge of 0.01 USD per query (a snapshot).

  • Non-Professionals can request another 149 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.
  • Professionals can request another 2,499 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.

You will only be charged for the snapshots until the cap amount. Once the snapshot limit is reached, no further charges will be applied for the rest of the month and will begin receiving streaming quotes for that service.

 

Desktop Trading - TWS (Mosaic):

If you have delayed data displayed and subscribed to the snapshot permissions, when selecting a row in the Monitor tab, the Order Entry window will display an option to request a Snapshot.

 


 

Clicking the +SNAPSHOT link will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol and will populate the NBBO information:

 


 

In the Quote Details Window clicking the Refresh link will update the the NBBO quote.

Client Portal:

If you have delayed data displayed and subscribed to the snapshot permissions, in the Order Ticket window, under the Bid/Ask price you would see a link for Snapshot:

 

 

When clicking the Snapshot link, will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol:

 

 

In the snapshot window clicking the Refresh link will update the the NBBO quote.

 

Web Trading - WebTrader:

If you have delayed data displayed and subscribed to the snapshot permissions, on the Market Tab under the column Additional Data you would see a button for Snapshot:

 


 

When clicking the Snapshot button, will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol:

 

Mobile Trading - IBKR Mobile app:

On the Quote Screen tapping on a Symbol will expand the quote box. If you have delayed data displayed and are subscribed to the snapshot permissions you will see a link for Snapshot:


When tapping the Snapshot link, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:

 

 

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