What is a nominee share dealing account?
This is where we hold your shares in a pooled nominee account in CREST, the UK automated settlement system. At all times your shares are held for your beneficial entitlement. Using nominee accounts allows us to reflect your trades immediately in your account, and means that you do not have to wait around for paper to be shuffled. The automated system, which is similar in concept to the way a bank holds customers money, allows us to provide you with a more efficient service at a very competitive rate.