Custody & Transfers

The handling of the corporate action depends entirely on which entity holds the shares on the Record Date set by the company.
  • If FSMOne still holds your shares on the Record Date (i.e., the transfer to your new broker is not yet complete), the corporate action will be processed and credited by FSMOne.
  • If your shares have been successfully transferred and are officially held in your account with the new broker (the counterparty) on the Record Date, the corporate action will be processed and handled entirely by your new broker. FSMOne will not be involved.

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