Transferring out securities to Issuer Sponsored holdings

To transfer managed funds or securities out of a Wrap IDPS account to Issuer Sponsored holdings when there’s NCBO, you need to provide:

For full transfer: Account closure form with asset transfer section completed with the following: 

• Desired registration name and address under which the assets will be held, including state and postcode
• Signed by the account holder/s.

For partial transfer: Letter of instruction completed with the following: 

• Request to transfer assets to be held under issuer holdings/with the share registry
• List of assets and number of units to be transferred
• Desired registration name and address under which the assets will be held, including state and postcode
• Signed by the account holder/s.

Before you submit the request

• When transferring assets out to Issuer Sponsored Holdings, each asset will be transferred to be held with its issuing share registry, under the registration name and address listed on the instruction provided for the transfer. Once the transfer is complete, a Holding Statement for each asset, will be sent to the registered address, detailing the asset, the number of units and the new SRN for the client’s holding with the share registry
• If the receiving client already has an SRN for a particular asset with the share registry, the relevant asset can be transferred to this same SRN. To do this, the SRN will need to be provided on the signed instruction, in addition to the registered name and address.

To transfer securities out of a Wrap IDPS account to Issuer Sponsored holdings when there’s CBO, you need to provide:

1. Letter of instruction, completed with the following:

• Request to transfer assets to be held under issuer holdings/with the share registry
• List of assets and number of units to be transferred
• Desired registration name and address under which the assets will be held, including state and postcode
• Signed by the account holder/s.

2. Original Australian Standard Transfer form for each asset to be transferred, and completed with the following:

• Asset name, Security code and number of units to be transferred
• Seller: name of the client’s Wrap account (including account number) and signed by the account holder/s
• Buyer: desired registration name and signed by the account holder/s.
• The consideration value.

To transfer securities out of a Wrap IDPS account to Issuer Sponsored holdings when there’s a change in legal ownership, you need to provide:

1. Letter of instruction, completed with the following:

• Request to transfer assets to be held under issuer holdings/with the share registry
• List of assets and number of units to be transferred
• Desired registration name and address under which the assets will be held, including state and postcode
• Signed by the account holder/s.

2. Original Australian Standard Transfer form for each asset to be transferred, and completed with the following:

• Asset name, Security code and number of units to be transferred
• Seller: name of the client’s Wrap account (including account number) and signed by the account holder/s
• Buyer: desired registration name and signed by the account holder/s.
• Consideration: NCBO.