Initiating Security Transfers on behalf of endclients

In the fast-paced world of finance, facilitating security transfer requests for end clients is crucial for maintaining trust and optimizing asset management. Gathering relevant client information is a key element to smoothly and efficiently executing their instructions.

This article delves into the essential steps and considerations for performing incoming or outgoing stock transfer requests to or from a bank/broker. Users assigned the role called UserRole.+ Manage Sec Transfers on Owned Clients, will see an ‘Initiate new transfer’ button once they select the specific client from the client tree and navigate to Portfolio followed by Security Transfers.

 

Incoming Transfers 

When the user selects incoming transfers, they will be requested to complete the following fields:

Once all the fields are completed, please confirm the details are correct and press submit. 

Please note:

• The module will inform you if the price does not correspond with the actual purchase date. 
• The module will inform you if the instrument is not available. 

 

Saving Drafts 

The Incoming Transfers module allows the user to save their drafted request. You can proceed with the draft by navigating to your client, selecting Portfolio, then Security Transfers and press on Initiative Security Transfers. 

At the top of the module, you will see a notice stating whether you wish to continue with the draft or delete it. 

 

 

Outgoing Transfers 

When the user selects outgoing transfers, they will be requested to complete the following fields:

Once all the fields have been completed, please acknowledge the two statements and press submit. 

Tracking requests 

After the transfer request has been submitted, you'll be able to monitor the progress directly within the platform. The article Tracking the status of transfer requests will guide you on how to do so effectively.