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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What are IG's interest rates CFD product details?

Take a position on the future direction of a range of global interest rates with IG. Back your judgement or hedge against other investments that could be affected by interest rate changes.

Download all margin for interest rates CFDs here:

Interest rates CFD Margin Tiers (Retail) (100KB)

Interest rates CFD Margin Tiers (Professional) (111KB)

Get live interest rates prices, search for your market and find out more about trading interest rates with IG on our CFD website.

Our interest rates markets are based on underlying futures. We offer mini versions of interest rate futures contracts at 20% of the main contract size and margin requirement.

  • Interest rates
  • Expiry details
  • Notes

Contract and trading hours (local time)

Value of one contract
(per index point)

Normal contract spread

Limited risk premium

Margin Requirement (per contract)

Professional clients Retail clients

US 30-Day Fed Funds Rate

23.00-22.00

$41.67

1.6

2

0.45%

20%

Aus 30-day Interbank Rate
Chicago
17.14-07.00;
08.34-16.30

AUD25

1

2

0.23%

20%

Euribor
London
01.00-21.00

€25

1

2

0.23%

20%

Eurodollar
Chicago
23.00-22.00

$25

1.6

2

0.27%

20%

Euroswiss
London
07.30-18.00

CHF25

1

4

0.23%

20%

Sterling Deposit / Short Sterling
London
07.30-18.00

£12.50

1

2

0.23%

20%

Market name

Contract months

Last trading day [3]

US 30-Day Fed Funds Rate

All months

Last business day of the month

Aus 30-day
Interbank Rate

All months

Last business day of the month

Euribor

Mar, Jun, Sep, Dec

Two business days prior to the third Wednesday of contract month

Eurodollar

Mar, Jun, Sep, Dec

Second business day prior to the third Wednesday of contract month

Euroswiss

Mar, Jun, Sep, Dec

Two business days prior to the third Wednesday of contract month at 11.00 (London time)

Euroyen

Mar, Jun, Sep, Dec

Two business days preceding the 3rd Wednesday of the contract month

Sterling Deposit

Mar, Jun, Sep, Dec

Third Wednesday of contract month at 11.00 (London time)

All the instruments described on this site are Contracts for Difference (CFDs). Our rates give you exposure to changes in the value of interest rates but they are cash settled and cannot result in the delivery of any commodity or instrument.

1. a) CFDs on interest rate futures are quoted with reference to the equivalent expiry contract on the underlying futures market. We do not apply any weighting or biases to our pricing sources.

b) Spreads are subject to variation, especially in volatile market conditions. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

2. For limited risk transactions, a limited risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

3. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the client the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to communicate their roll preferences for any position(s) before it expires.

4. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our trading platform.

5. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. If two values are listed, the first value applies to Trader Accounts and the second to Select Accounts. You can find the applicable tiered margins from the 'Get Info' dropdown section within each market in the trading platform. Please note that higher margins may be required for large positions. See our margins page for more details.

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