What is Virman?

What is Virman
Shares owned by investors; The process of transferring money from an investment account at one brokerage firm to another account at another brokerage firm is called stock transfer or stock transfer. In this article, you can find answers to the questions what is a transfer and how to make a transfer to Share.

Shares are securities that represent the capital of the partnership and divide it into equal nominal values, and give the owner, the shareholder, the right to share in the capital in question. Shares of any company traded on the stock exchange can be purchased through an investment account opened with brokerage firms. However, it may also be possible to have an investment account at more than one brokerage firm.

In some cases, investors may prefer to transfer the stocks in their investment account at any brokerage firm to their investment account at another brokerage firm. However, investors can also transfer the stocks in their own investment accounts to the investment accounts of others. In short, share transfer or share transfer means transferring shares between different accounts. In finance literature; Money transfers made between two accounts belonging to the same person in a bank are also called transfers.

In order to transfer shares, investors must send the transfer instruction to the brokerage firm for the existing investment account where the shares are held. In other words, in order for the brokerage house in question to process the transfer order, a signed transfer order form must be sent to your e-mail address registered with the relevant brokerage house. In the transfer instruction form; Information such as the name of the intermediary institution where the shares are held, the name and number of shares to be transferred, the date of transfer and the new investment account number to which the shares will be transferred, the clearing code of the intermediary institution to which the shares will be transferred, TR ID number and wet signature must be included.

Share transfer processing time may vary depending on the density of the brokerage firm where the transfer request is made or systemic delays. Transactions regarding shares transmitted from the counterparty (brokerage firm) are carried out as soon as possible.

It is not possible to sell the relevant stock until the transfer transaction is completed. However, it is not possible to give a transfer order for the capital market instruments in question before the settlement date of the shares is completed.

To transfer shares held in a different institution, it is sufficient to submit the transfer instruction form with wet signature to the authorized unit of the brokerage house where your shares are held.