What is a corporate nominee service?

What is a corporate nominee service?

What is a ‘corporate sponsored nominee service’? This is a way of holding shares without a share certificate. Instead of registering as a shareholder directly on the register of members, your shares are held on your behalf by a nominee company.

Are Santander shares held electronically?

Your investment in Santander is recorded electronically in CREST in the form of Santander CDIs. In these Conditions the term ‘Shares’ and associated references (‘shareholders’, ‘shareholding’, etc.) refer to Santander CDIs held through a nominee service, except where the context requires otherwise.

What does CSN mean in shares?

Corporate Sponsored Nominee
The Corporate Sponsored Nominee (CSN) service is an easy way for participants to hold shares electronically. As no share certificates are produced, there is no risk of losing certificates. If your shares are held in the CSN, you will still be entitled to any participant benefits.

What happened to Alliance & Leicester shares?

Alliance & Leicester has agreed to be taken over by Spanish banking giant Santander for £1.3bn, raising the possibility of job cuts in the UK. Just hours after A&L admitted that it was in “advanced” takeover talks with an unnamed suitor, Santander announced that a deal had been struck.

How do nominee companies work?

It allows private individuals to hold, purchase, transfer and sell shares through a nominee company, as an alternative to holding shares in their own name. Members retain similar rights and benefits as a private investor, however the nominee company will become the registered owner of the shares.

How do nominee accounts work?

A nominee is a person appointed by the investor who is entitled to receive the proceeds of the investments made by the original investor upon his or her death. According to Indian law, nominees have the right and duty to facilitate transactions in case of the unfortunate death of the legal owner of the asset.

Can I sell shares through Santander?

If your shares* are held in the Santander Nominee Service, then they can be sold through Shareview Dealing. Please click here for details about Shareview Dealing by post, phone or online. Alternatively, you may also be able to sell your shares through a stockbroker or high-street bank with a share dealing facility.

How do you transfer shares to nominee?

Upon the death of the sole client (in case of securities held singly) or the death of all the clients (in case of securities held jointly), the nominee must request the DP in writing along with a certified true copy of the death certificate and transmission form to transmit the securities covered by the nomination to …

How do I sell my Shell shares?

Selling Shell shares

  1. Create or log in to your share dealing account and go to our trading platform.
  2. Search for ‘Royal Dutch Shell A’ or ‘Royal Dutch Shell B’ shares (learn about the differences)
  3. Select ‘sell’ in the deal ticket to close your investment position.
  4. Choose the number of shares you want to sell.

Does Alliance Leicester still exist?

The bank’s international subsidiary based in Douglas, Isle of Man, Alliance & Leicester International, continued to use the name Alliance & Leicester, until it was fully merged into Santander UK in May 2013. …

Where can I find a corporate sponsored nominee?

Equiniti offers a Corporate Sponsored Nominee (CSN) service for a number of companies, where you can hold just that particular stock. For more information about CSNs, please click here.

Can you transfer CDIs to another nominee account?

Once you are holding CDIs in a nominee account, you can buy, sell or transfer them in the same way as other nominee services except for transferring shares into certificated form. You can also transfer to another UK nominee service (if you have an alternative provider) or an overseas custodian.

How to deposit certificated shares in company nominee service?

In order to participate, certificated shares must be deposited into the Company Nominee Service. Download and complete the form relevant to your company by clicking on the links below. Please note that some Company Nominees Services are currently closed to new deposits.

Who are holders of crest depository interest ( CDI )?

Therefore, as a general rule, individuals will hold their CDIs through an intermediary: a broker, a bank or a nominee. All the shares represented by the CDIs issued through CREST in the UK are held by an intermediary, SIS, which is the registered shareholder on behalf of all CDI holders.

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