The transfer types in OTC market with active accounts are as follows:
- Simple transfer (ST) – in case of this type of transfer only instruction from the delivering party is needed;
- Free of payment (FoP) transfer - in case of this type of transfer instructions from both delivering and receiving parties are needed;
- Delivery versus payment (DvP) transfer - in case of this type of transfer instructions from both delivering and receiving parties are needed. Then, the securities transfer will be made together with the actual payments from the other side.
- Securities portfolio transfer - in case of this type of transfer account owner has the opportunity to transfer the whole securities portfolio to his/her another account in the system.
The services of transferring securities in OTC market are provided in a mediation of Account operators, which are our partner financial organizations. The list of Account Operators is available here.
The transfer of the securities from one account to another, which is a result of concluded deal in stock exchange, is made in accordance with the result of clearing and settlement of trade data provided by stock exchange to CDA.