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Custody of Your Investments


 Custody of Your Investments

There are three ways in which you can hold your investments: in Charles Stanley's nominee account, in CREST Personal Membership or in the form of paper share certificates.Your choice will be determined by your own personal preference and the amount of dealing you do.

1. The Charles Stanley Nominee Account

Our nominee account offers you simplicity, security and efficiency, with the added benefit of prompt settlement. This ensures that sale proceeds are available to earn interest for you from the earliest possible moment. In the Charles Stanley Nominee Account we hold your securities for you registered in the name of our nominee company in CREST, or with our overseas custodian for your overseas investments. You remain the beneficial owner of your investments, which (except in certain overseas jurisdictions) are fully ring-fenced. We handle all the paperwork on your behalf and, on your instructions, deal with all the arrangements for settling purchases and sales. We collect dividends on your behalf. You receive regular statements and reports, as well as an annual Securities Report including a Consolidated Tax Certificate.

2. CREST Personal Membership

CREST is the UK's real-time electronic securities settlement service. With CREST we can act as your 'sponsor' in order for you to obtain personal membership. We then manage your account while the eligible holdings in your portfolio remain in your name with CREST. Dividends, company reports, documentation and shareholder benefits will be sent directly to you. We will send you a detailed statement of your shareholdings every six months.

3. Share Certificates

Some investors will wish to retain their share certificates and our services accommodate this preference. However, you should be aware that this route will mean you incur some additional costs and there could be settlement delays. Also, if you choose this option, you are responsible for the delivery, receipt and safekeeping of the share certificates, and you have to deal with the paperwork required in situations such as takeovers or rights issues. This option may therefore be more suitable for a relatively inactive investor for whom settlement costs and delays are of less significance.