Transferring securities
Through this service, custodian entities are allowed to transfer securities between accounts within a single entity or between securities accounts kept in different entities.
Types of transfers
Entities offering this service may engage in the following types of transfers:
• Transfers with a change of bond holder: Bonds are transferred between different holders’ accounts. SUGEVAL has issued regulations restricting the reasons for these types of transfers.
• Transfers without a change in bond holder: In these cases transfers do not involve a change in bond holder. Therefore, for example, an investor may change the custodian entity.
Working hours
The bond transfer service is offered within the working hours established by System of Payments Regulations.