What is Manual or EFT Settlement?
Manual or EFT (Electronic Funds Transfer) is a common settlement method that involves the investor electronically transferring money directly to a company or its designated account. In return, the company will instruct it's share registry to allocate the investors their newly issued shares.
Example: Manual/EFT Settlement
(note: this example is meant to be illustrative only and may change depending on the deal and your bidding entity details).
- Investor receives an offer letter with payment details from Fresh Equities
- Investor signs the offer letter and organizes bank payment transfer as per the instructions and deadlines outlined in the offer letter
- On allotment day the shares will be allocated to your brokerage account
For more questions or concerns around manual settlement at Fresh please contact email@example.com.