Transferring positions between two client IDs belonging to same client

There may arise situations where you have a client with multiple client IDs and the client wishes to transfer some of their assets to their other client ID (T+1). In this scenario you must complete the excel file called “Position Move between 2 IDs belonging to the same client”. 

Note this can only be done for Stocks & Bonds 

In the excel template you must state the clients ID and the account number where the instrument is currently held, and to which account you would like to move the position to. 

The excel template can be accessed here.

The ticker, amount, position number, and instrument type are available in the client's portfolio, which can be accessed by going to Client tree, locating the client, and selecting Portfolio.

The module will now display all the positions held in the client's account. Locate the position that the client wishes to move, then click on the three dots and select Position Details.

Once the Position Details are open then you will be able to see the ticker (1), amount (2), position number (3) and the instrument type (4).

Note that if a client holds multiple positions in the same instrument, then you can either choose to leave the position number field blank and mention the full amount (position will be moved at current market price).

If you press > icon to the left of the position and complete the full details in the excel file i.e., Positions ID for all the underlying instrument e.g., Ambu then the position will be move at the actual open price.

Are your related orders cancelled?

In the platform you will be able to view any open orders by selecting Portfolio, and then Orders.

If you have open orders as shown above, then please do cancel them before requesting the move of positions and reinstate them once again on the receiving account.

Once the form is completed then please submit the excel by creating a case to Stock Transfers

Please note 

In some cases a client may needs to transfer their positions between a White label partner and Saxo Bank, please contact your account manager by submitting a case to the Institutional Service informing of the situation before proceeding with the above.