Important info Contact us Client login Products & services Research Daily update Market news About Help centre Important info Contact Settlements Home Help centre Settlements Back What is ‘Settlement’ all about? Settlement is the process brokers employ to resolve and finalise your trades. It also covers the ongoing administration of shares you hold with us as a number of things can and do happen to shares you own. How long does a trade take to settle? Standard UK settlement of transactions is two working days (known as Trade + 2, or T+2). If you buy, money is automatically deducted from your account to pay for your purchase and if you sell, the shares are automatically sent to the buyer. What is CREST? Share transactions are settled via a standard system all brokers use run by a company called ‘CREST’. This is similar to the way you would also buy and sell a house, you exchange contracts (in the case of shares, agree a price and book the trade in the market) and then two weeks later your solicitor sends the money to the seller and you get the keys (in the case of shares, they are electronically sent to your portfolio with us). Do you hold a CREST personal account? We offer a nominee service due to the costs of CREST personal membership. With a nominee service you still receive dividends, reports and we can arrange DRIPs, shareholder perks and attendance at meetings which are the main reasons to want a CREST personal account. We also offer all these services at no charge – which means we believe the nominee account offers great services but no extra cost to you. How are my shares held with you? We hold all clients assets in nominee – this means that they are segregated away from Beaufort in trust to protect your ownership. Are my shares safe with you? Yes, as they are held in trust for you away from Beaufort even if we become insolvent your shares cannot be used to pay off any of Beaufort’s debts. Nominee holdings also ensure that your holding is always up to date with any corporate actions as the Registrar amends actions electronically. When you come to sell therefore you sell an accurate holding. How will I receive my contract notes? Confirmations of trades will be sent via secure message within your account, which you can access online via our website. Open an account Open an account today.. Online share dealing account Telephone/advisory stockbroking account Advisory CFD account Getting Started Find out what we can offer.. Low cost online trading Portfolio advice & telephone dealing Latest research Request a callback We can call at a time convenient to you.. Available Mon – Fri 8am to 5pm Find out more Quick Links Getting started Online share dealing Advisory stockbroking Stocks & shares ISAs CFDs SIPPs Research Settlements Transfers & deposits Dividends & corporate actions Limit orders W-8BEN Form Complex instruments Complaints & closures Glossary London 020 7382 8300 Bristol 0117 910 5500 Colwyn Bay 01492 523 000 Newcastle 0191 495 7950 Online Helpdesk 020 7042 9910 Sign up to our Newsletter Get the latest news and tips direct to your inbox by signing up below. Useful Links About Beaufort Securities Important Info Contact Us ©2016 Beaufort Securities Registered Office: Beaufort Securities Ltd 131 Finsbury Pavement London EC2A 1NT Registered No. 2693942 in England & Wales Authorised and regulated by the Financial Conduct Authority (Register No. 155104). Members of the London Stock Exchange, ISDX and the Quoted Companies Alliance Web design company Adeo Group Terms and Conditions Privacy and Cookies