Certificated Transactions
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Processing of transactions where shares are still held in paper format.
Unlike a number of our competitors, we recognise that certain clients still prefer to hold share certificates and may still hold certificates representing holdings which they have had for many years.
Our systems have been created to cope with certificated trades, in addition to the more flexible electronic nominee services. It is not necessary for the certificates to be held by ourselves.
We may accept telephone instructions from existing clients, who will be sent a contract note and transfer form on the day of a sale transaction, which is then simply signed and returned to us with the covering share certificate. Certificated trades do take longer to process through the settlement system and such sales are usually undertaken on a T+10 basis, i.e., settlement two weeks after the bargain date. It is possible to arrange shorter settlement periods, providing the stock can be delivered in a timely manner.
We apply an extra charge for certificated transactions due to the additional administration and to provide for a recorded delivery service for Share Certificates dispatched to you.
Disclaimer: You should be aware that the price and value of any investments and the income, if any, from them can fluctuate and may fall against your interests. You may get back less than the amount originally invested.
Information on past performance, where given, is not necessarily a guide to future performance. Exchange rate fluctuations may have an adverse effect on the value of financial instruments quoted in a currency other than your agreed settlement currency. The investment and services offered may not be suitable for all investors. Investors with any doubts as to the merits of an investment should seek advice from a suitably qualified professional advisor. You should also be satisfied that the product is suitable for you in the light of your circumstances and financial position.If you are unsure about the suitability of an investment please contact us for advice.