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:
- The securities identifier (ISIN, CUSIP, Symbol)
- The quantity
- If your assets are listed on different exchanges/currencies, please select the currency in which you purchased and hold the asset currently in your portfolio
- Your account at the current and receiving Financial Institution (Your security portfolio account number)
- Name of Account Holder at Financial Institution (Has to be identical to your IBKR account name)
Follow your Financial Institutions procedure to request the transfer. They may require you to complete forms and/or may require you to enter the request online. Please contact them for additional information as the procedure vary widely by Financial Institution.
IBKR requires you to create a transfer requests in Client Portal. Please follow the steps outlined below:
- How do I submit an inbound position transfer from a bank or broker outside of the U.S. or Canada?
- How do I submit an outbound position transfer to a bank or broker outside of the U.S. or Canada?
Further detailed information on the process:
Please Note
- Your transfer will not make any progress unless both, the delivering and receiving financial institution are in contact.
- Typically the delivering institution initiates the contact, once they are ready to deliver your securities.
- 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.
- IBKR will provide status on your transfer under Transaction Status & History.