Yes, stock certificates can be lodged or 'deposited' into your account as long as the name appearing on the stock certificate is the same as your COL Financial account name.
You may submit the duly endorsed stock certificates to our Business Center at 2403-B East Tower PSE Center, Exchange Road, Ortigas Center, Pasig City. The certificates will then be submitted to the Transfer Agent for clearing then passed on to the Philippine Depository & Trust Corp (PDTC) for custody. This process can take between a week to several weeks depending on the speed of the clearing process of these two organizations, and if there are no discrepancies with the requirements. The Transfer Agent may also request for original signature cards and IDs to be submitted for verification purposes (signature cards are available from COL).
When depositing your stock certificates, here is what you should do:
|1||Check that the name on the stock certificates is the same with your name in your COL Financial account||The stock certificate can only be transferred to a COL account with the same name as indicated on the certificate.|
|2||Check to make sure that there is a signature at the back of your stock certificate||Your signature cards must show the same signature as your certificates|
(For a change in signature, you have to submit a new signature card to the original transfer agent)
|3||Print the Stock Transfer form (found below), and select the Lodgement option. Fill out the rest of the information and then affix your signature.||For Joint accounts, form must be signed by both account holders.|
|4||Print the signature card (found below). Sign the card twice and attach it to your stock certificates||One (1) Signature card per stock, regardless of number of shares|
|5||Photocopy (2) valid government issued IDs for submission||IDs should have a photo and signature|
|6||Submit all requirements (mentioned above) to our business center for processing||Crediting of stock certificates may take 1-3 weeks|
|*||A processing fee will be charged by the PDTC:|
P100 transfer fee per stock
P20 cancellation fee per certificate + 12% VAT for non-bank transfer office
|This can be charged to your COL Financial account provided it has enough cash balance available|
Example for the Fees:
*Non-bank transfer agents charge a VAT of 12%
Below are the forms needed as well as a guide to the lodgement procedure and requirements.