To arrange the delivery of your securities via "Free of Payment of Global Securities", it typically takes a few business days once the involved financial institutions are in contact but the delivery of some assets are more complex than others and depends as well on the depository the securities are held and if the financial institution holds the securities at the same depository which can add additional time to complete the transfer. Keep in mind that communication between the financial institutions happens solely via email and may require multiple exchanges of communication in order to share required settlement information and agree on a settlement date.
The following products/depositories usually takes longer than others:
- Funds (ie. Funds held at ALLFUNDS Depository)
- Transfers where a "cross border delivery" between different depositories is required (ie. When the financial Institution does not hold the security at same depository.)
- Cross Border deliveries between EU and APAC depositories.
Please Note
- IBKR has no influence on the speed of their initial contact (inbound) or response on our communication (outbound) and we ask you to please contact your financial institution for updates on the status of your transfer.
- Timing may vary widely and strongly depends on your financial institution.
- IBKR will provide status on your transfer under Transaction Status & History.
- No transfer will take place until the delivering and receiving institutions are in contact.