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  • FIRST POST
    • Wildo
    • By Wildo 9th Aug 18, 8:56 PM
    • 2Posts
    • 0Thanks
    Wildo
    Canadian share certificates
    • #1
    • 9th Aug 18, 8:56 PM
    Canadian share certificates 9th Aug 18 at 8:56 PM
    Hi all,
    I have some Canadian share certificates that Iíd like to sell but I cannot find out how.
    I cannot find a UK broker that accepts Canadian paper share certificates and Iíve contacted several Canadian firms but they wonít deal with me as Iím not a Canadian resident.

    Any ideas/advice?

    Thanks

    Wildo
Page 1
    • FatherAbraham
    • By FatherAbraham 9th Aug 18, 10:38 PM
    • 905 Posts
    • 671 Thanks
    FatherAbraham
    • #2
    • 9th Aug 18, 10:38 PM
    • #2
    • 9th Aug 18, 10:38 PM
    Hi all,
    I have some Canadian share certificates that Iíd like to sell but I cannot find out how.
    I cannot find a UK broker that accepts Canadian paper share certificates and Iíve contacted several Canadian firms but they wonít deal with me as Iím not a Canadian resident.

    Any ideas/advice?

    Thanks

    Wildo
    Originally posted by Wildo
    Hargreaves Lansdown's overseas share-trading page says they include Toronto: https://www.hl.co.uk/shares/share-dealing/overseas-share-dealing-service

    I hope that means you can mail them the certificates once you've opened an account there.
    • LobsterMemory
    • By LobsterMemory 10th Aug 18, 7:47 AM
    • 80 Posts
    • 45 Thanks
    LobsterMemory
    • #3
    • 10th Aug 18, 7:47 AM
    • #3
    • 10th Aug 18, 7:47 AM
    The Registrars might have a sharedealing arm though unlikely to be a cheap option
    • Wildo
    • By Wildo 15th Aug 18, 7:47 AM
    • 2 Posts
    • 0 Thanks
    Wildo
    • #4
    • 15th Aug 18, 7:47 AM
    • #4
    • 15th Aug 18, 7:47 AM
    Hi all,

    Thanks for the responses.

    Had this back from HL:

    I am afraid that we would be unable to dispose of your Canadian share certificate. Although we offer overseas share dealing, this only extends crest depository interest (shares that can be traded electronically) that can settle through CREST, which is the UK settlement system for oversees share holdings. I am afraid if you hold share certificates then you hold the shares directly with the registrar for that company, and as such, these shares are not creatable.
    While we would be unable to assist you on this occasion, you may be able to dispose of your shares certificates through a major bank or a stockbroker that has operation in both the UK and overseas.

    Ive checked with computashare (registra) in Canada and the UK and they canít help. Just say need a broker or major bank (which I cannot find).

    Any other ideas?

    Wildo
    Last edited by Wildo; 15-08-2018 at 7:50 AM.
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