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Service to transfer securities in safekeeping

The service to transfer securities in safekeeping is aimed at allowing customers to turn to a new bank so that the latter may assume the obligations necessary to transfer the financial instruments contained in the dossier held at the old bank. This project falls within the sector’s plan of action to enhance the relations between banks and retail customers, approved by the Executive Committee of ABI. The value added by the TDT service with respect to the procedure in use today consists in activating the service in a simple manner at the new bank, guaranteeing transparency to the customers on the rules and regulations governing the transfer, promoting a reduction in the time needed for the transfer, guaranteeing the traceability of the underlying procedures thanks to a standardized and electronic management at the inter-bank level.

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