Automatic Billing definition

For Advisors A type of client fee schedule in which an IB-calculated fee is automatically billed to the client’s account with blanket client authorization. Advisors can choose one of several methods of automatic billing: Annualized Percentage of Net Liquidation Value Annualized Flat Fee Percent of Profit and Loss (P&L) Fee per trade unit – Non-US advisors can set fee per trade client fees. Commodity-registered advisors in the US and US protectorates can set fee per trade client fees for futures only. Monthly/Quarterly Invoicing – Advisors can submit electronic invoices for client fees. Invoices can be submitted for up to ten clients at a time, but only one invoice can be submitted per client account per day. Advisors can also upload a .csv file that contains multiple client invoices. Advisors determine the fees at the time of the client’s registration and can modify them at any time. Advisor clients are required to acknowledge any fee increase with a signature. For Brokers Automatic billing is available for brokers but is different from advisor automatic billing: Brokers use automatic billing for client fees when they want to submit electronic fee invoices for fully-disclosed client accounts. Brokers specify a monthly or quarterly markup limit, then calculate the markup and submit an electronic invoice for each client account at any time, up to the specified limit. The invoice amount will be automatically transferred from the client account to the broker account. Brokers can submit invoices for up to ten clients at a time, but only one invoice per client account per day.

Automatic Billing

Trading Term

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Interactive Brokers Canada Inc.

Interactive Brokers Australia Pty. Ltd.

Interactive Brokers Hong Kong Limited

Interactive Brokers India Pvt. Ltd.

Interactive Brokers Securities Japan Inc.

Interactive Brokers Singapore Pte. Ltd.