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FOP

Trading Term

FOP stands for Free of Payment and is a type of position transfer used to deliver long US stock positions from another US bank or broker that is a member of the Depository Trust Company (DTC). An FOP deposit transfers positions from a DTC-member US bank or broker to your IBKR account. An FOP withdrawal transfers positions from your IBKR account to a DTC-member US bank or broker.

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