My client would like me to move her DRS book-entry position from the transfer agents account to the clients broker account. How do I request the position from the agent?
In order to move a DRS book-entry position to your DTC holdings for a client you must process a transaction request through Profile. Only users that have PSP coverage and have been issued a PSP identification number by the depository can process transactions through Profile. Profile is a PTS function that is easily navigated. To request a transfer of your client’s DRS book-entry position, you will need the exact DRS account number and registration from the client’s statement, which was received directly from the issuer or transfer agent. You will also need to include the client’s broker account information on the Profile request. After you have submitted the Profile request, the transfer agent will review it and process it accordingly. When the transfer agent approves your Profile requests, the agent will then deliver the shares to your DTC account through the Delivery Order (DO) function, with the customer’s broker account information as part of the DO. You can use the account informa
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- My client would like me to move her DRS book-entry position from the transfer agents account to the clients broker account. How do I request the position from the agent?
- May I transfer marketable securities to another TreasuryDirect account, a Legacy TreasuryDirect account, or to a broker/dealer account?
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