Thank you for choosing Tiger Brokers. We arepleased to confirm that we can facilitate the transfer of US shares holdingfrom Depository Trust Company(DTC, which is equivalent to broker sponsoredholdings in Australia). Please follow the instructions below to transfer/saleyour shares:
1. Receipt of Notification: Once your CDIstocks are nearing delisting on ASX, you will receive a notification from theshare registry. This notification will contain detailed information about thedelisting, timeframes, and the available action options.
2. Action Options: Typically, thenotification will present several action options, and you can choose the onethat best suits your needs:
a) For example, opting for the sale facility to sell your stocks.
b) Alternatively, transferring the stocks to another brokerage thatsupports trading in the shares on US market, such as Tiger Brokers AU. If youchoose to continue holding the stocks, as a CHESS holder, you need to:
i. Contact your sponsoring brokerto convert the CDIs to an issuer-sponsored olding. Normally this can be donevia sending a signed request to your broker to transfer your CDI holding frombroker sponsored to issuer sponsored holding. Once this is done and youreceived your issuer sponsored holding statement via email/post;
ii. Complete the CDI cancellationform sent by the share registry to convert the CDIs to common stock, allowingyou to continue trading on the U.S. market. In the form, you are required toprovide accurate DTC information to ensure the transfer of your stocks to TigerBrokers Australia. Upon completion, you will receive an electronic version ofthe U.S. stocks' holding statement in Australia. Our DTC information is asfollows:"
You will receive the DTC holding statement from theShare Registry with the holding number. This process normally takes two workingdays.
iii. Transfer your shares to TigerBrokers:
1) Log into Tiger Trade APP, click on ‘Portfolio’>’More’>’Shares’>follow the instructions andcomplete the online transfer form;
2) Transfer in US stocks:
i. Transfer US shares from: OtherBrokers
ii. Delivery Broker Name: DTC
iii. Account number: Holding numberfrom the DTC holding statement.
3) Complete stock information:Stock symbol, quantity, and cost basis, and submit the online form.
4) We will email you the prefilledform, please sign, take a picture, and upload the following:
a) Signed transfer form.
b) DTC holding statement.
We will completethe transfer in 4~5 working days once we receive your documents. Please notethe above transfer process applies to DTC transfer only.
If you havealready completed the steps to convert CDIs to common stock, including CDIcancellation and submitting certified documents to the share registry, you canthen contact Tiger Brokers AU, providing us with the holding statement receivedfrom the share registry. We will assist you to proceed with the account openingand stock transfer process.
If you have any questions or need furtherassistance during this process, feel free to contact us.
