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how do i trade shares for commonwealth bank of australia from uk...
Question
how do i trade shares for commonwealth bank of australia from uk - Posted by jb
Answer
ANSWER 22nd February 2010
Hi JB
You should be able to trade these shares in London just like any other Australian share.
You probably will not have a certificate but you should have an SRN (Security holder Reference Number) showing how many shares you own.
These shares are quite marketable in London so your sterling price should not be a lot different from the price on ASX (after FX conversion).
They should be dealt London delivery, but just tell your broker exactly how they are held for you and he will know what to do. The settlement should be T+3 (3 days). You may have to sign a transfer deed (although not strictly necessary with an electronic shareholding). If you need to check anything with the Registrars the UK contact number is 08 457 697 502
Hope this helps, if not do not hesitate to contact us again.
Hi JB
You should be able to trade these shares in London just like any other Australian share.
You probably will not have a certificate but you should have an SRN (Security holder Reference Number) showing how many shares you own.
These shares are quite marketable in London so your sterling price should not be a lot different from the price on ASX (after FX conversion).
They should be dealt London delivery, but just tell your broker exactly how they are held for you and he will know what to do. The settlement should be T+3 (3 days). You may have to sign a transfer deed (although not strictly necessary with an electronic shareholding). If you need to check anything with the Registrars the UK contact number is 08 457 697 502
Hope this helps, if not do not hesitate to contact us again.
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