Move client to a product with a different asset holder custodian

Client/s contracts can be moved between products with different custodians.

The user will need the global permission ‘Can move to product’ to execute the move.

Go to the relevant contract

A screen message will appear to warn about the change in custodian and actions needed to be taken after the move.

Ensure that processing transactions are first completed.

Holdings will have to be manually transferred out of the old asset holder custodian and transferred into the new asset holder custodian.

Should there be cash on the account the cash will have to be switched with a money transfer to the new asset holder custodian.

After the transfers and money transfer have been completed, the value in the instrument accounts will be allocated to the correct custodian:

Last Updated on 2 years ago by Antoinette Van Meyeren