ib: Ok. Let me assist you with this further. Can you please login to the Client portal?
ib: From the menu, select 'transfer & pay' > transfer positions.
ib: On the next page, select the method as 'Select Incoming'
ib: Method that you can choose to transfer positions is 'Basic FOP'.
ib: Please select that and put in all the required details.
You can submit this information and select the type of transfer as 'Full' or 'partial'.
Once you submit the request, our position transfer team will get in touch with them and get the transfer completed.
After you put all the details, on the Confirmation screen, click View Form to access and print the Customer Account Transfer - Letter of Authorization
Sign the Letter of Authorization and send it to your third-party (carrying) broker.
ib: If you have bought the ETF, select 'Long'.
ib: If you are short on that ETF, select 'Short'.
ib: We have all the information of the transfer which you have submitted.
And the transfer will be taken care of by our position transfer team.
Please send the form to the contra broker on priority.
Transfers are generally completed within 3-5 business days, but this depends on your third-party broker. FOP notices are valid for five business days before expiring. Once the notice has expired IBKR will not accept the shares.
ib: Time to arrive is 2-5 business days*.