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.
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.
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.
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.
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.
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.
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.
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.htm
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