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Settlement Instructions

To view specific settlement instructions available for stocks, options, bonds, futures and futures options for your account, please log into Account Management. To contact us with questions or to add, remove or edit this information, contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Learn about general settlement instructions available:

For recurring transfer of funds or securities, you may enter standing settlement instructions that can be used each time a transfer request is made. The following settlement instructions are available at Place Trade (PT) and may be added, deleted or modified through Account Management.

Please see the Settlement Instruction Types or Account Type Settlement Instructions Specifics table below for more details.

 

Settlement Instruction Types

 

     
 
   


Type

   


Description

 
   

Delivery vs. Payment (DVP)

& 

Receive vs. Payment (RVP)

   

DVP and RVP are instructions to deliver US stocks from one Depository Trust Account (DTC) to another in exchange for payment. DVP is from PT to another broker, RVP is from another broker to PT.

Customers specify DVP instructions through Settlement Instructions in Account Management. Customers may enter multiple DVP/RVP instructions.

You must enter an Expiry date, Agent ID, Firm ID, Account ID, and Agent Name.

Instructions will be permanently stored in the PT registration system.

 
         
   


Clearing Member Trade Agreement (CMTA)

   


CMTA is the securities options and US single stock futures equivalent of DVP/RVP and are cleared through the Options Clearing Corporation (OCC). Instructions are entered through Settlement Instructions within Account Management.

 
         
 

GUS

 


GUS settlement instructions are used to give up futures and futures options trades. Instructions are entered through Settlement Instructions within Account Management.

 
         

To view the latest status of any deposit, withdrawal, transfer or bank instruction request, visit the Transaction History page in Account Management.

 
 
     

 

 

 

Account Type Settlement Instructions Specifics

 

     
 
   


Type

   


Description

 
 

 

Advisor Accounts

 

Advisors and advisor clients may electronically enter settlement instructions for their own account only. Advisors may print a settlement instruction PDF which must be sent to their client for signature and mailed to IB for verification.

 
         
   


Proprietary Trading Group / Separate Trading Limit (STL)

   Settlement instructions may only be entered for the master account.  
         
 

Fully Disclosed Broker Accounts

 

Brokers and broker clients may electronically enter settlement instructions for their own account only.

 
         
 

Non-Disclosed and Omnibus Broker Accounts

  Settlement instructions may only be entered for the master account.  
         

To view the latest status of any deposit, withdrawal, transfer or bank instruction request, visit the Transaction History page in Account Management.

 
 
     

For more information on funding your account, please click here.

 

 

 

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