foreign shares question.

Jun 17, 2004 1 Replies
R

Hopefully someone can point me to a web page where I can find this out, or maybe this group can answer my questions.



I have some shares in my company which is based in Germany which are currently being held by the Company. Apart from selling the shares, I now have 2 options.


1: Transfer the shares into a nominee service held with a bank acting as a bare trustee. the shares will be held in the form of Crest Depository Interests (CDI's).


2: Transfer my shares to my personal custody account. (which I dony actually have at the monemt!)



I dont really understand fully either of these options, and am hoping for some guidance so I can make my decision.



TIA.


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A

I'm not sure of the exact mechanism, but I too have shares in a company (a former employer) listed on the German Neuermarkt. My employer and their bank at the time took care of the transfer to a personal account with DLJ Direct (who were then bought by TD Waterhouse). Once TDW introduced "idle account" fees a couple of years later, I took care of transferring them myself to comdirect.

Have a chat with comdirect.

HTH, Alex.

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