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FOP Transfers

The Position Transfers page lets you use a Free of Payment (FOP) transfer to move long US stock, warrant and US Bond positions from another US bank or broker that is a member of the DTC to your account, (deposit) or from your account to another US bank or broker that is a member of the DTC (withdraw).

When you select FOP as the transfer method on the Position Transfers page, you can:

• Request an FOP transfer without a Position Instruction, in which you request an FOP transfer without using an FOP Position Instruction.
• Request a FOP transfer using a Position Instruction, in which request an FOP transfer using a previously-created Position Instruction.
• Create a new Position Instruction, which lets you save and reuse third-party broker information for future FOP transfers.

Your Account Name, Tax Identification Number and Customer Type (i.e. individual, joint, Roth IRA), must exactly match the third-party broker account in order for the transfer to take place.

For more information

• Funding Reference