SVS Securities - shut down?

My2penneth

Were they a legacy from SVS or have they been generated whilst in the care and custody   of ITI?

We need to check what LC sent to ITI. I don't remember them sending 2 versions of RDSB. 

johnburman

me too My2p.  I want to know what they are about - not a clue.  They have a value of £0

RasputinB

My2penneth said:

Were they a legacy from SVS or have they been generated whilst in the care and custody   of ITI?
We need to check what LC sent to ITI. I don't remember them sending 2 versions of RDSB. 

https://www.leonardcurtis.co.uk/wp-content/uploads/2020/05/SVS-Annex-Final2.pdf

This document lists all the shares for transfer from SVS to ITI Capital

My2penneth

Three ways to check (and I've done all). I don't believe LC transferred these erroneous versions over to ITI.

1) if you remember the long long list of accounts which you had to scroll down to find your C number (just the ordinary RDSB shares existed) in amongst other people's shares.
Edit: the list that Rasputin B has provided a link to above ( thnx!)


2) I have a list of shares that were transferred from LC to ITI..just the ordinaries were transferred. 

3) LC's client statement of "18/05/20" (on their portal). 

(yes, the value is zero for the erroneous ones)

Nbs222

ROYAL DUTCH SHELL rght 06/22/2020 ( ) HW80 - ELECTRONIC ELECTION ENTL(B)  seems to have been created just before 22-jun but after 11-jun when LC transferred SVS shares to ITI. So they were likely  created on ITI platform.

The problem now is how do we get them removed collectively from our accounts  so there is one less problem during  transfers.

My2penneth

Just spoke with a dealer at ITI (Sanjeev).

The RDSB Electronic Entitlement was created on 22/06/20......which just happened to be the day that RDSB dividends were to be paid. 

Looks like ITI created this as a "marker" to remind them. 

Chris Smith will be made aware of the issue by the dealer.  I mentioned that many people are having this issue (not surprising as RDSB would have been a common shareholding for many).

johnburman

As the value of the "ITI created Shell (RDSB) that are not real Shell shares" is £0, I'mnot sure we shuld be worried but it is another reason to delay matters
I had forgotton this:

https://www.leonardcurtis.co.uk/wp-content/uploads/2020/05/SVS-Annex-Final2.pdf

This document lists all the shares for transfer from SVS to ITI Capital

Afer the transfers have completed we will be using this to see if all our shres have been transferred or ITI have 'lost' some of them.  And also if shares have been transferred dividends must follow...but will they?  Here is the evidence.   

RasputinB

My account is only on Qort with an incomplete "Transaction History" and "Cash Statement".
Two of my dividends seem to have appeared as "Income/Write off profits on financial instrument", another equates with the USD balance but I should have received a Vodafone dividend.
I have two GBP (£) Cash Balances, one negative and one positive. The difference is near enough the expected Vodafone dividend so I wonder if they received it in Euros and converted it to GBP.

Nbs222

RasputinB :GBP (£) Cash Balances, one negative and one positive:

Negative values are ones that have been transferred as cash to Phoenix account  from the dividends received in Qort accounts, Positive values are the dividends received in Qort accounts.

Difference between positive and negative  is the amount still to be transferred to Phoenix account.  So your cash balance is the total of cash showing in Phoenix account and the difference.

rnf11

RasputinB said:

 The difference is near enough the expected Vodafone dividend so I wonder if they received it in Euros and converted it to GBP.

I got the  VOD divi with the correct GBP amount - due on 8.8.20  - showing on ITIC on 27.8.20.