Do you send Cost basis information to the receiving institution for an outbound Free of Payment Transfer of Global Securities transfer?

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

When securities are transferred to your account, cost basis information (acquisition date and price) may not arrive immediately. Until this information is received:…

A Free of Payment Transfer of Global Securities requires both the delivering and receiving institution to communicate with each other to agree on the delivery of your securities.

Both financial institutions (your current financial institution holding your securities and the receiving financial institution) require from you a transfer order that is matching:…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution for assets sent via Free of Payment of Global Securities. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

IBKR is not connected to the German Taxbox system to transfer cost basis relevant data on security transfers.

To update cost basis for your transferred securities to your account from your German Financial Institution please click here: How do I update cost basis information for transferred securities via basic FOP method?…