Transfer securities from one investor to another

Through the Investor centre, you can process various types of security transfers.

There is also the option to upload a completed transfer application document, which is stored with the transfer record for audit trail purposes.

To process a security transfer from one investor to another:

1. From the menu, go to Transactions and click Transfer securities.
2. Select the Transfer type and the Security from the dropdown menus. Transfer types can be added by clicking Create new transfer type at the bottom of the dropdown menu.  Transfer types can be managed by navigating to Transactions and then to Transaction management.
3. Select seller and Select buyer. You can choose from the dropdown, or type in the field to search by name, HIN or SRN.
4. Enter the Settlement date, the Amount of securities to be transferred and the Cost per security. The total purchase price will be calculated in the green box to the right.
5. Under Attachments, you have the option of uploading a completed transfer application document by clicking Add file, then browsing to select a file from your computer.
6. Click the Next button to review the transaction on the Confirm transaction page.
7. To execute the transaction, click the Confirm transaction button.
8. After the transaction has been confirmed, you can view the result of issuing the securities by going to the Capital Structure or by clicking on the investors name on the confirmation transaction page which will take you to the investors holding details page.

An email notification and attached holding statement will be generated for both the buyer and seller informing them of the details of the transaction.

You can also download a copy of the investor's holding statement. 

Additional Information:

• If the buyer is a new investor to this security, you will need to add them as an investor first.
• If one or both of the investors don't have an email address stored in the system, or have chosen not to receive statements via email, an email notification will be sent to the issuer or registrar (depending on how your profile is configured). This email will include an attached holding statement, which can be printed and mailed to the investor(s) to inform them of the transfer.