Sharedealing settlement

The proceeds of your deals and dividends will be transferred overnight daily (in one transaction) to your nominated first direct account. The money will be taken from your first direct account to pay for any share purchases.

We will settle your equity share deals two working days after the date of the transaction (T+2) and bond trades one working day after (T+1).

These periods also apply for investments made within a tax wrapped product (ISA or PEP).

The settlement date will be advised on your contract note sent to your secure messaging.

Once your order has been executed we will send a contract note to your secure messaging within minutes. We will not send you a paper copy. If you require a copy contract note for compliance reasons then please 'contact us' with the details or where to send them.

No. You will not receive a share certificate. We will maintain an electronic record of your shareholding in our nominee account.

We can transfer shares held in our nominee name back into your name for an additional charge. This process is called Rematerialisation and takes 2 to 6 weeks to complete. To order a share certificate please 'contact us'.

No. With a nominee service your name does not appear on the company register. Therefore you will not receive any correspondence from the company or receive any shareholder benefits.

No. We do not offer settlement periods other than those specified unless otherwise dictated by a corporate action.

Yes. On the anniversary of you opening your account we will send you a valuation of your investments with first direct shares.