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FOP Transfers

The Transfer Positions screen lets you use a Free of Payment (FOP) transfer to move long US stock, warrant and US Bond positions from another US bank or broker that is a member of the DTC to your account, (inbound transfer) or from your account to another US bank or broker that is a member of the DTC (outbound transfer).

Inbound FOP transfers are notifications only. You must instruct your third-party broker to transfer the assets to your IB account using the authorization form we provide at the end of the FOP transfer request procedure.

When you select FOP as the transfer method on the Position Transfers page, you can:

• Enter an FOP transfer, in which all of your assets are transferred from a third-party broker to your account (inbound), or from your IB account to a third-party broker.
• Save new broker information, which lets you save and reuse third-party broker information for future FOP transfers.

Your Account Name, Tax Identification Number and Customer Type (i.e. individual, joint, Roth IRA), must exactly match the third-party broker account in order for the transfer to take place.

About Saved Broker Information

If you want to use your third-party broker for an FOP transfer AND save it in our system for future use, you must complete two tasks:

1. Initiate a new FOP transfer, but choose to save the new broker information. No transfer is performed in this step.
2. Initiate a new FOP transfer using the saved broker information. This is where you select the assets to transfer.

Note: You cannot simultaneously save new broker information and perform a transfer. The transfer must either be performed without saving the broker information, or the transfer must be performed after the broker information is saved.

For more information

• Funding Reference