Transferring certificates

Trading certificates

The Registry of Certificates is not a trading platform.

Trading of certificates occurs outside the Registry of Certificates, which records all current and past ownership of certificates. When a trade occurs, the change in ownership of those certificates must be recorded in the Registry of Certificates by transferring the certificates to the new owner.

How the transfer process works

All parties to the transfer must have a TESSA account. The seller initiates the transfer of certificates in TESSA by offering the certificates to a buyer. The certificates will then be placed on hold by the system until the transfer process is complete.

The buyer receives notification of the transfer via email and in their TESSA account and decides to accept or reject the offer of transfer. Sellers have an option to provide a final approval after the buyer approves, and also have the ability to cancel a transfer that has not been accepted by the buyer.

A transfer must be completed by both the seller and buyer within 30 calendar days, or it will be automatically cancelled.

There is no fee or stamp duty charged for transferring certificates.

You can see the status and other details for all your certificate transfers in the My Cases menu of your TESSA account.