CHESS to Issuer Conversion
Transfer stock from HIN to SRN where there is no change of beneficial owner.
Important - following this conversion, the client will receive their SRN details in the mail. As such, please ensure the client's address is current and correct before processing. We do not reccomend sending large portfolios to SRN due to the risk of mail interception.
To process a HIN to SRN transfer, in TC Ops navigate to Transfers > Transfer Requests in the lefthand menu and then click the "+ Create Transfer" dropdown in the top righthand of the screen. Select "CHESS to Issuer Conversion".
Complete the form as follows:
- Delivering account - Complete details of delivering account at FinClear. Search by
account number/name and the other details will be pre-filled for you. - Transfer Details – SRN Registered address will be pre-populated to match CHESS
registration details. - Securities – List the securities to be transferred, number of units & the Security
Reference Number (SRN) if applicable. If no SRN is entered, a new one will be
generated once the transfer is complete & confirmed to the client by post or
email directly from the share registry.
