The process is called EQTrade. The request for transfer of stockholdings from Timson Trade to another stockbroker electronically shall follow the following procedure:
- Fill up an EQTrade Form (Request for Stock Transfer) Submit the accomplished and signed EQTrade Form to our office. (It is recommended that you furnish the receiving broker a copy of the EQTrade form or send a separate instruction.) Pay the appropriate EQTrade Fee: PHP 75.00 per stock regardless of the number of shares.
- This can be charged to your online account provided it has sufficient cash balance to cover the EQTrade fee. Electronic transfers are accomplished in one to two working days or depending on the counter execution of the receiving stockbroker.
