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Old 17.04.2008, 22:11
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Transfering Shares!

Hi guys,

Is there any possibility that my freind send/transfer Shares (say UBSN) to my Safekeeping Account via e-banking? And later, I can transfer again to someone else (like we transfer money from one account to another)? If yes, will there be any transfering charges?

All infos are very much appreciated.
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Old 17.04.2008, 23:52
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Re: Transfering Shares!

Unusual idea! Why would you want to bypass the stock exchange?
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Old 18.04.2008, 00:33
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Re: Transfering Shares!

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Unusual idea! Why would you want to bypass the stock exchange?
I know. But one of my relatives is asking my favour to do this for him. SO, is there any possibility?
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Old 18.04.2008, 00:35
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Re: Transfering Shares!

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I know. But one of my relatives is asking my favour to do this for him. SO, is there any possibility?
Not via ebanking and yes there are fees attached.
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Old 18.04.2008, 00:41
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Re: Transfering Shares!

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Not via ebanking and yes there are fees attached.
Thanks for your prompt response. But would you mind telling me more about other possibilities and amount of fees attached?

Thanks
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Old 18.04.2008, 00:46
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Re: Transfering Shares!

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Thanks for your prompt response. But would you mind telling me more about other possibilities and amount of fees attached?

Thanks
yes, Shorrick - just how much would you charge?

Despo - maybe you want to speak with your bank?
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Old 18.04.2008, 00:47
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Re: Transfering Shares!

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Thanks for your prompt response. But would you mind telling me more about other possibilities and amount of fees attached?

Thanks
I could but as these vary from bank to bank it would be pretty pointless. Your friend has to ask his banking institution what their charges are on the sending side and you have to ask yours whether they charge anything on the receiving side.
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Old 18.04.2008, 11:00
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Re: Transfering Shares!

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yes, Shorrick - just how much would you charge?
A lot, but then we provide a premium dedicated ultimate service level
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Old 18.04.2008, 19:19
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Re: Transfering Shares!

Hmm.
Don't think the fine folks in Bern would be very happy with your transaction(s).
By law any "exchanges" of shares must pass through the stock exchange - where you will be charged the usual assortment of stamp duties.

Anyway - nothing really prevents you to ask your bank to transfer to this-and-that account XY number of shares.
A point must be made in the sense that if your account receives a money credit which might hint to the fact that you have actually engaged in a OTC (over the counter) sale of the aforementioned securities - well, your bank might get a little peed off

Paul
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Old 18.04.2008, 21:27
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Re: Transfering Shares!

Off-exchange transactions do occur when a bulk sale is done. Such transactions must be reported retrospectively to the exchange.

It is probably cheaper to split into 2 transactions. Your friend can sell the shares electronically. You can then buy those simultaneously.

An alternate very expensive method is for your friend to demand physical delivery of the original certificates, then hand over to you, and you carry those to your bank, etc.
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Old 18.04.2008, 22:10
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Re: Transfering Shares!

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Off-exchange transactions do occur when a bulk sale is done. Such transactions must be reported retrospectively to the exchange.

It is probably cheaper to split into 2 transactions. Your friend can sell the shares electronically. You can then buy those simultaneously.

An alternate very expensive method is for your friend to demand physical delivery of the original certificates, then hand over to you, and you carry those to your bank, etc.
I'm sorry that's not quite correct. Anyone can instruct for shares to be delivered to another account. That does not involve physical delivery to the client - but rather from the custodian of one financial institution to the other.
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Old 20.04.2008, 00:21
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Re: Transfering Shares!

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Off-exchange transactions do occur when a bulk sale is done. Such transactions must be reported retrospectively to the exchange.

It is probably cheaper to split into 2 transactions. Your friend can sell the shares electronically. You can then buy those simultaneously.

An alternate very expensive method is for your friend to demand physical delivery of the original certificates, then hand over to you, and you carry those to your bank, etc.
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I'm sorry that's not quite correct. Anyone can instruct for shares to be delivered to another account. That does not involve physical delivery to the client - but rather from the custodian of one financial institution to the other.
Thanks for the inputs. But I am still in confusion. My freind told me that there won't be any problem doing it. But I don't see kind of such option in my direct net(e-banking from Credit Suisse) that allows me to transfer share(s) except Buy or sell.

Any more precise infos are very much appreciated.
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Old 20.04.2008, 10:38
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Re: Transfering Shares!

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Thanks for the inputs. But I am still in confusion. My freind told me that there won't be any problem doing it. But I don't see kind of such option in my direct net(e-banking from Credit Suisse) that allows me to transfer share(s) except Buy or sell.
I don't see where the confusion is - you have been told you cannot do it via e-banking...

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Any more precise infos are very much appreciated.
You (or whomever does the transfer) have to instruct your bank in writing, identifying the shares to be transferred, the account number of the counterparty, the bank of the counterparty and the relevant custodian account of said bank (which depends on the shares transferred). This would have been explained to you by your banker - if only you bothered calling him by the way.

You will then probably find that the fees charged to retail clients are such that you're better off selling at market, transferring the cash and buying at market on the buying side.
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Old 20.04.2008, 21:30
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Re: Transfering Shares!

i may have missed the point but why don t u just open an on-line brokerage account?
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