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Custody orders give you the convenience of trading in the US and UK and allows
National Bank Share and Bond Trading to take custody of the shares on your
behalf.
This convenient service also means that National Bank Share and Bond Trading will
manage adminstrative activities for you, such as dividend payments and end of
year tax reporting.
Note: Due to the complications created by tax treaties between countries, custody
and custody trading is only available to New Zealand residents.
If you would like to learn more about custody trading, please feel free to
contact us directly:
Phone: 0800 88 55 64 (+64 4 498 7068 if overseas)
Email: (via our website): Click here
Step 1Placing a Custodial Order
If you trade through the National Bank Share and Bond Trading website, the act of
placing a US/UK custody order is exactly the same as placing an order for a
security listed in New Zealand or Australia.
The difference is that you do not need to provide a shareholder number to buy or
sell shares that are held in custody - simply pick the stock, enter your
quantity and price limit and click "Go".
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