Before the custodian members send the request of opening a DFM Investor Number (NIN), they need to ensure that their potential client does not hold an existing DFM investor number with the DFM, and in case the client does already hold an investor number with inventory positions, the custodian member should send a transfer request along with the account opening request. The requirements for migrating an existing client to custody are as follows:
- 1. Complete Custodians Transfers from by the custodian.
- 2. Custodians should also provide a copy of the client’s written instruction of the same (signed). The signature will be verified against the signature on the “Entry of Investors Data” Form initially submitted (this only applies when the client is moving securities to a custody account).
- 3. Global custodian letter / SWIFT instruction of the same (if applicable).
- 4. Transfer fees (refer to the Services Catalogue)