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Transfer stocks to other brokers

Transfer stocks (HK / US stocks) from uSMART to other brokers.

 

Steps:

1. Get the Settlement Instruction Form from counterparty

2. Fill the Settlement Instruction Form

You may need our information for filling the form:

For HK stocks:

Company Name

CCASS ID

Contact Person

Contact Email

uSmart Securities Limited

B02159

Settlement Department

 settlement@usmarthk.com

For US stocks:

Company Name

Account

DTC

Contact Person

Contact Email

uSmart Securities Limited

Cash account

DTC3856

Settlement Department

 settlement@usmarthk.com

uSmart Securities Limited

Margin account

DTC 0534

Settlement Department

 settlement@usmarthk.com

 

3. Inform counterparty

Send the form to counterparty and inform them by email or phone call.

 

4. Inform uSMART about the settlement instruction

  

Tips:

After notifying the uSMART and the counterparty, please be patient and we will contact each other to transfer the stock.

1. The name should be matched: You account name should be matched in both side.

2. Transfer fees: Normally brokers, will charge you some fees for transferring stock to other brokers. For transferring out HK stocks, uSMART will charge you 0.002% of the total value of stocks you want to transfer out, a minimum charge is 10 HKD, Maximum charge is 500 HKD, and additionally, charge 200 HKD / stock. The fee for transferring out US stock is 100 USD / stock.

3. Lead time:

Transfer out HK stock: 3-5 working days;

Transfer out US stock: 3-15 working days;