Brokers

ACATs Transfer (Automated Customer Account Transfer Service):

It allows the transfer of stocks, options, mutual funds, and cash between brokers through an automated service.

Key Details: Total (all assets) or partial (select specific assets). Matching details like account name and tax identification number are crucial.

  1. ATON Transfer (Account Transfer on Notification):

Similar to ACATs but specific for transfers between Canadian and U.S. brokers.

Key Details: Like ACATS, it offers options for total or partial transfers and requires matching details in the account.

  1. DRS Transfer (Direct Registration System):

Facilitates the electronic transfer of stocks and warrants between the Transfer Agent and the trader's account.

Key Details: Requires precise matching in details such as account name, tax identification number, and client type.

  1. DWAC Transfer (Deposit/Withdrawal at Custodian):

Enables the automated transfer of stocks and warrants between a Transfer Agent and the trader's account.

Key Details: Similar to others, account information must match for a successful transfer.

  1. FOP Transfer (Free of Payment):

Moves stock, warrant, and bond positions from or to another U.S. bank or broker that is a DTC member.

Key Details: Inbound transfers are notifications; instructing the external broker is essential to complete the transfer.

  1. Internal Position Transfer:

Allows the transfer of positions between one's accounts within the same broker.

Key Details: Specific rules apply for account detail matching.

  1. Transfer Between Master and Sub Accounts:

Brokers with master and sub-accounts can transfer positions between them.

Key Details: Requires identity confirmation and is processed during regular trading hours.

  1. Depository Switch:

Permits changing the currency of multi-listed stocks at different depositories.

Key Details: Executed by selecting "Depository / Trading Currency Change" and following the procedure.

https://www.ibkrguides.com/brokerportal/transferandpay/transpositions.htmarrow-up-right

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