Interactive Brokers va changer sa méthode de calcul de marge pour les obligations

Pour ceux qui ont des obligations chez Interactive Brokers, le calcul de marge va changer le 14/08 donc il faut surveiller vos marges de près

Corporation Bonds (Revised Margin Calculations)

Dear IB Trader,

Effective August 14, 2014, Interactive Brokers will begin to implement new margin calculations for Corporate Bonds, which will utilize the credit-rating data from both Moody’s and/or Standard & Poor’s Rating Agencies. The Standard & Poor’s ratings are replacing the ratings currently obtained from TRACE (Trade Reporting and Compliance Engine).

The margin requirement of corporate bonds currently is determined by the proprietary Value At Risk (VAR) methodology and the individual bond rating from either Moody’s and/or TRACE. As a result of removing the credit ratings from TRACE and replacing them with the Standard & Poor’s ratings, it is possible that your margin requirement may change, as TRACE may have a rating of a bond that Standard & Poor’s does not (or vice versa).

Bond Credit Rating
    Grade
Moody’s rating from Aaa to Baa3 and/or S&P rating from AAA to BBB-
    Investment
Moody’s rating from Ba1 to B3 and/or S&P rating from BB+ to B-
    Speculative
Moody’s rating from Caa1 to CA and/or S&P rating from CCC+ to C
    Junk
Bonds that have defaulted or that are not rated by Moody’s or S&P
    Default

Traders are strongly encouraged to closely monitor their margin requirements and manage any resulting risk accordingly.

Interactive Brokers Customer Service

Mots-clés : interactive brokers, marge, obligation