The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
How to complete an Off Market Transfer
An Off Market Transfer (OMT) is a private arrangement to transfer legal ownership of shares from one entity to another, generally resulting in a change of beneficial owner.
OMTs may incur fees:
- If the stock is leaving nabtrade, the seller will attract a $55.00 transfer fee per holding
- If the stock is being transferred between nabtrade accounts, the seller will attract a $27.50 transfer fee per holding
- If transferring to or from another broker, a fee may also be payable to that broker.
Note: International stocks can only be transferred via OMT between nabtrade accounts. nabtrade is unable to facilitate OMTs of international stock between brokers.
To perform an Off Market Transfer, download the Off Market Transfer form and return to us via forms@nabtrade.com.au
IMPORTANT: When making a request for the Off Market Transfer of shares to another nabtrade account, ensure both, the Seller(s) and the Buyer(s) have signed the Off Market Transfer form.
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