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Excess Funds Sweep

Your account is authorized to trade both securities products and commodities/futures products and therefore consists of two underlying accounts or account segments: a securities account governed by rules of the U.S. Securities and Exchange Commission (SEC) and a futures account governed by rules of the U.S. Commodity Futures Trading Commission (CFTC). As part of our account service, you have authorized us to automatically transfer funds as necessary between your securities account and your futures account in order to satisfy margin requirements in either account.

Use the Manage Clients > Excess Funds Sweep page to configure how you want us to handle the transfer of excess funds between the two segments of your client's account. You can choose to sweep the funds to either the securities account or the commodities account, or choose not to sweep funds at all.

Note the following:

• All customer deposits are initially received into your securities account and will remain in that account unless you choose to sweep excess funds to your commodities account.
• If you are identified as a securities pattern day trader, then we strongly recommend that you choose to sweep excess funds into your securities account.
• Regardless of your choice, we will generally keep a small buffer of excess margin funds in each account in order to prevent excessive transfers back and forth as your margined securities and futures positions fluctuate in value.

• This feature is not available in IB-India and IB-UKL accounts.

Who can access the Excess Funds Sweep page in the Manage Clients menu?

You can access this page if you are a Broker Master Users with Disclosed and Non-Disclosed Clients.

To set your excess funds sweep method

1. Click Manage Clients > Settings > Excess Funds Sweep.
2. Use the Account Selector to search for client or sub accounts by Account ID, Account Title or Account Alias, then click the check boxes next to each account for which you want to set Excess Funds Sweep options. Click Select Accounts to load the Excess Funds Sweep page with your selected accounts.

To select different accounts on these pages, click the Account Selector tab, click the Reload Accounts button in the Account Selector to clear your selections, and then select different accounts.

3. Read the important information on the page, then select a sweep method for each selected account by clicking one of the radio buttons.

• Do not sweep excess funds
• Sweep excess funds into my securities account
• Sweep excess funds into my commodities account

4. Click Continue. You setting is saved immediately.