Margin Reference Benchmark Rates

Reference Benchmark Rates

SAC's benchmark for each currency is the reference rate around which our credit, debit, stock loan and other interest rate linked calculations are determined. SAC uses a combination of internationally recognized reference rates (such as Fed Funds), bank deposit rates, and dynamic interbank rates determined from foreign exchange and money markets to calculate an SAC Reference Benchmark rate.

For more information about SAC Reference Benchmark, visit the SAC Knowledge Base.

For information regarding the various external reference rates that contribute to the SAC Reference Benchmark rate see Benchmark Interest Calculation Reference Rate Descriptions.

Prior Period Benchmark Rates

SAC accrues interest daily and posts actual interest monthly on the third business day of the following month. For detailed examples on how we calculate interest, open the Interest Paid to You and Interest Rates Charged to You on Margin Loan Balances sections on this page.