The following documents are required:
- Stock transfer template (the same template can be used for both stock transfers into DMA, as well as stock transfers out of DMA)
- PDF valuation statement reflecting the client's name and account number from the receiving or sending broker, not older than 3 months
- Wrapped products – DMA requires a signed instruction letter from the wrapper provider confirming the transfer
- Asset Swap transfer out – DMA requires a confirmation letter from the receiving entity (SARB approved Institutional Investor) confirming they have sufficient capacity to accept the transfer and will, subsequent to receipt, fulfil Quarterly Asset Allocation Reporting in terms thereof.
How to complete the stock transfer template:
- A. Client ID: DMA ID number
- B. Account number: DMA account number
- C. Product type: Share – SH | Bond – BO | Mutual Fund – MF
- D. ISIN: Identification Share Number
- E. Bond code: Bond number (leave blank if only shares are being transferred)
- F. Exchange: XJSE, XNAS, XDUB, XLON …
- G. Currency: ZAR, USD, EUR, GBP …
- H. Amount: Amount of shares
- I. Price: Open price or market price (change of beneficial owner) of share
*Please note, GBP prices need to be in Pence and ZAR prices in Cents. Certain ETFs are tradeable in Pence and Pounds.
- J. Broker name: The counterparty's name (platform name)
- K. Broker contact: A contact person at the counterparty
- L. Broker phone: A telephone number of the contact person at the counterparty
- M. Broker mail: Email address of the contact person at the counterparty
- N. Client account at broker: The client's account number held at the counterparty
Please do not change the layout of the template, as the system will reject it and the instruction would then need to be resubmitted.
Please ensure that all instruments in GBP are quoted in GBP and all ZAR prices are quoted in cents; there will be a USD 10 per line charge if the prices are completed incorrectly.
An account closure fee of USD 10 / ZAR 100 applies. Transfer costs are ZAR 100 per line (capped at ZAR 1000) or USD 10 per line (capped at USD 100).