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Sri Lanka Equity Forum » Stock Market & Forum Help » How to transfer shares to another broker company?

How to transfer shares to another broker company?

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keeper

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Please advice me? Can i transfer through Emailing or faxing?

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
There are some forms involved it, contact ur new broker he will give u the relevant forms

keeper

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Gaja wrote:There are some forms involved it, contact ur new broker he will give u the relevant forms
Thanks Gaja

smallville

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Gaja wrote:There are some forms involved it, contact ur new broker he will give u the relevant forms
Also, if u wanna speed up the process, its better to tell ur former advisor and get it signed from them personally. Otherwise they could take time..
Also keep some of ur investment shares with the former broker to keep them in good faith. Later on u can also get that transfer if you want Wink

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
Emailing or faxing .....to whom ?

There is a procedure. As s I remember
1.There is   a special form  for this purpose.
2. You can get it from your broker , fill it (your account, details of shares you are holding ) and get the signature /seal of existing broker , consenting the transfer.  
3. Hand over this form to your new broker , They  also has to fill ( your new account no . etc ) sign and lodge with CDS.
4. CDS has to effect the transfer , it may take one or two days .

keeper

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks all of you my friends......

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