There are several ways to sell shares from your account. With the help of Sell My Shares, you can also use a method known as a one-off trade. This method means selling issuer-sponsored funds quickly through the Australian Securities Exchange.
There are a few important things to know before seeking a one-off trade. Consider this your guide to one-off trades:
One Off Trades Are Convenient
Selling shares means opening a trading account through a stockbroker and filling out paperwork. That can take weeks, paying brokerage fees each time that you buy and sell. If you want to make one sale, it isn’t the most practical approach.
With a one-off trade, you can get those shares sold in no time. The process can take as little as 15 minutes, thanks to Sell My Shares. There are no strings attached, no ongoing fees, and nothing more to worry about after the trade has been completed.
How to Get Started
All that you need to begin the process of executing one-off trades is your identification and Shareholder Reference Number (SRN). The SRN can be found at the top of the dividend or shareholding statement, beginning with the letter “I.” That stands for “Issuer Sponsored,” meaning the shares come from that company and are maintained by a share registry.
The online check is quick and easy as well. When you have completed the online share sale form, you will need to leave a message to verify your identity and send your passport or license to the third-party verification service.
Depending on the service selected, shares can be sold off same-day (Express Service) or within 1-2 business days (Value Service). Different fees apply depending on the service as well.
There are several ways to move the shares in your account. With Sell My Shares, a one-off trade can be the key to selling shares in your possession. Though the process can seem complicated, it doesn’t have to be. A one-off trade is the way to move those shares and get funds right into your account.