Taking delivery of certificates on ETF shares

[Deleted User]

Is this possible? And if so who do I makes the request from, my share broker, or the stock exchange or who trades the stock. And finally how do you go about it

Thanks

wmb194

[Deleted User] said:

Is this possible? And if so who do I makes the request from, my share broker, or the stock exchange or who trades the stock. And finally how do you go about it

Thanks

Yes, but it’ll depend on where they’re listed. If London it’ll be possible but most European countries are now electronic only and in the coming years London is also heading this way. 

Ask your stockbroker but why do you want to do this? It’s usually better to keep them held with a broker.

[Deleted User]

wmb194 said:

Yes, but it’ll depend on where they’re listed. If London it’ll be possible but most European countries are now electronic only and in the coming years London is also heading this way.

Yes they are listed on the LSE, so you are saying it can be done then? Do I go to the LSE if it want them? or contact them to make arrangements for them to deliver them?

[Deleted User]

wmb194 said:

Ask your stockbroker but why do you want to do this? It’s usually better to keep them held with a broker.

Sorry please ignore last post; so I contact my broker to get them and not the LSE. Do they then get them directly from the LSE there on after?

Reason; well its just for clarity I guess; that I really do own them and not the other party own them and just owe me them instead (like an IOY)

Thanks

IanManc

[Deleted User] said:

wmb194 said:

Ask your stockbroker but why do you want to do this? It’s usually better to keep them held with a broker.

Sorry please ignore last post; so I contact my broker to get them and not the LSE. Do they then get them directly from the LSE there on after?

Reason; well its just for clarity I guess; that I really do own them and not the other party own them and just owe me them instead (like an IOY)

Thanks

Share certificates are likely to be abolished in the UK in the next few years. They already have been scrapped in some countries.

https://www.investorschronicle.co.uk/content/6a9e371a-8307-5e7a-a38c-ae72168646dd

There is a big downside to having share certificates. If you lose them or they are accidentally destroyed they are expensive to replace, because you have to pay for an insurance indemnity to get a replacement.

Bearing in mind the reason you've given for wanting a certificate I really think that you shouldn't bother. Certificates are more trouble than they're worth, and if you get one you'll have to relinquish it in the near future anyway.

masonic

Why do I get the feeling I know where this thread is going...

[Deleted User]

IanManc said:

[Deleted User] said:

wmb194 said:

Ask your stockbroker but why do you want to do this? It’s usually better to keep them held with a broker.

Sorry please ignore last post; so I contact my broker to get them and not the LSE. Do they then get them directly from the LSE there on after?

Reason; well its just for clarity I guess; that I really do own them and not the other party own them and just owe me them instead (like an IOY)

Thanks

Share certificates are likely to be abolished in the UK in the next few years. They already have been scrapped in some countries.



There is a big downside to having share certificates. If you lose them or they are accidentally destroyed they are expensive to replace, because you have to pay for an insurance indemnity to get a replacement.

Bearing in mind the reason you've given for wanting a certificate I really think that you shouldn't bother. Certificates are more trouble than they're worth, and if you get one you'll have to relinquish it in the near future anyway.

In that time frame then, I would like to exchange just the one share as an educational experiment. own it myself then sell it and as with cryptos, become your own bank

BTW I cant read your link! because they are scamming/ hacking it, asking you to join up and subscribe member ship to there rip off club just so you can read the page