Funding Reference

Settlement Instructions

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 IB 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) and 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 IB to another broker, RVP is from another broker to IB. 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 IB 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.

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.