Differences

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--- ibkr_notes [2022/10/13 04:11] – [Excess funds sweep] raju
+++ ibkr_notes [2023/12/19 16:16] (current) – [excess funds sweep] raju
@@ Line 3: / Line 3: @@
 open the chart -> settings button at the top right -> Outside RTH -> drag to the right
-==== Excess funds sweep ====
+==== excess funds sweep ====
-IBKR Mobile -> Settings button at the top left -> Account Mangement -> Trading Permissions -> Settings (at the top left) -> Excess Funds Sweep -> Scroll to the bottom -> Excess Funds Sweep Method -> Sweep to Securities Account
+IBKR Mobile -> Settings button at the top left -> Settings -> Account Settings -> Trading Permissions -> Settings (at the top left) -> Excess Funds Sweep -> Scroll to the bottom -> Excess Funds Sweep Method -> Sweep to Securities Account
 Notes:
@@ Line 17: / Line 17: @@
     * None. I can't think of any situation where choosing this option would make sense.
   * If you change the sweep method, it will take one business day to go into effect.
+tags | which sweep is better securities or commodities?
+==== Opt out of internalization ====
+  * Login to the portal -> Navigate to User ("Head/Shoulders" icon) -> settings -> Trading -> click on the “Internalization” link -> Check "Internalization Opt-Out" -> Save
+==== interest rate calculation ====
+For the daily interest, IBKR uses 360 days. For example, if the principal is \$53,073.35, rate is 3.33%, the interest would be \$4.91
+<code>
+$ ipython
+Python 3.10.4 | packaged by conda-forge | (main, Mar 30 2022, 08:38:02) [MSC v.1916 64 bit (AMD64)]
+Type 'copyright', 'credits' or 'license' for more information
+IPython 8.4.0 -- An enhanced Interactive Python. Type '?' for help.
+In [1]:
+p = 53073.35
+r = 3.33
+interest = round(p * (r/100) * (1/360), 2)
+print(interest)
+.91
+</code>
 ===== dummy =====
+==== tasks ====
+  * [[cost basis report in IBKR]]
 ==== useful links ====
+  * https://ibkr.info/article/1851 - Cash Sweeps
   * comparison of different trading platforms - https://www.interactivebrokers.com/en/index.php?f=13868
+  * https://pennies.interactivebrokers.com/cstools/contract_info/v3.10/index.php - search for contract information
+  * https://ibkr.com/fundstatus - check the status of a recent fund transfer
+==== interest rates ====
+  * https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php - Interest rates
+  * https://www.interactivebrokers.com/en/pricing/reference-benchmark-rates-int.php - reference benchmark rates
 ==== links I came across ====
+  * https://www.ibkrguides.com/reportingreference/reportguide/interestaccruals_default.htm - Interest Accruals
+  * https://www.interactivebrokers.com/en/general/calendar/calendar.php - international trading calendar
+  * https://ibkr.info/article/1445 - Key Margin Definitions
   * https://www.interactivebrokers.com/en/trading/margin-rates.php - Interest charged on "Margin Loans"
-  * https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php - Interest rates
   * https://www.interactivebrokers.com/en/software/am3/am/reporting/deliveredstatements.htm
   * https://www.elitetrader.com/et/forums/interactive-brokers.92/ - to discuss software and services from Interactive Brokers
+==== fundamental data ====
+IBKR gets the fundamental data from GFIS (Global Financial Information Services)