Future - Record Transfer by ID Transaction

Considerations

A future is a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. A single stock future is a contract with an underlying of one particular stock, usually in batches of 100. No transmission of share rights or dividends occur.

Use this page to specify future shares to transfer between brokerage accounts.

Click one of the icons above to view either a list of the transactions available for that category, or click the Baseline Holdings icon to access the Add New Baseline Holdings page.

Procedure

From the Manually Record Trades page, click the Future icon to access the Future - Record Transaction page. From this page, select Transfer by ID from the Action drop-down list. The Future - Record Transfer by ID Transaction displays.

1. Select the account from which to transfer shares from the From Account drop-down list. Then select the account to which to transfer those shares from the To Account drop-down list.

Note: The account selected from the From Account drop-down list must be different from the account select from the To Account drop-down list.

2. By default, the Action on this page is set to Transfer by ID. To change this, select a different transaction from the Action drop-down list. The fields that display depend on the transaction that is selected.

3. Enter the date of the transfer in the Transfer Date (mm/dd/yyyy) field. You can also click the Calendar icon and select the appropriate date from the calendar that displays.

4. Enter the single stock future symbol in the Symbol field and select whether it is Long or Short. You can then click Verify to confirm you have entered the correct symbol for the future. To search for a future symbol or create a custom future, click the Future Symbol Lookup link.

Note: Once you click Verify, a grid displays at the bottom of the page (if there are lots available). This grid enables you to select specific shares to transfer between brokerage accounts.

5. Select the type of security from the Security Type drop-down list. By default this field is set to Future for this transaction.

6. Enter the number of shares to transfer in the Shares field. The default information used is the standard 100 shares per contract. If your future has a different set up, enter the number of shares per contract associated with your future in the field provided. It is important that this figure is accurate to ensure correct calculations for this future transaction.

7. Use the grid to select specific shares to transfer between brokerage accounts. Enter the number of shares to transfer in the Shares to Transfer field for the desired lot ID(s). To clear the entered lot information, click the Clear button.

8. To record the Transfer by ID transaction, click the Record button. To record the transaction, and continue to enter additional transactions, click the Record & Repeat button. To leave this page, without recording the transaction, click the Cancel button.

Example

Click here to view an example of the Future - Record Transfer by ID Transaction page.