Quick Quote

One-Off Sale

   
19/09/2019 10:29p.m.
Shares
NZ/AU Markets   
Exchange Traded Funds   
Bonds
NZ Fixed interest   
New Issues
Government Kiwi Bonds
Currencies
Cash Management Trust Account

You may be able to sell shares without opening an account with Direct Broking before placing your order.

Read the information below to find out more about our Estate Sale facility.

Fees

  • To sell New Zealand shares
  • To sell Australian shares
  • NZ$100.00 or 1.25% (whichever is greater)
  • AU$100.00 or 1.25% (whichever is greater)


Compare the Estate Sale brokerage rates to the client brokerage rates

What do you need to do?

  1. Download and print a Estate Sale Requirement Form from the list below. A Requirement Form must be competed and supplied before a sale can take place.
  2. Complete your shareholding details on the Requirement Form and supply the specified identification documents.
  3. Send the Requirement Form and your identification documents to Direct Broking by post - we cannot accept faxed or emailed copies.
  4. Your Requirement Form and identification documents will be verified by Direct Broking in accordance with our NZX and ASX compliance obligations.

    PLEASE NOTE: this can be a lengthy process and you should make allowances for a delay before your shares are sold.
  5. If your form and identification documents are correct you will be contacted by Direct Broking by telephone, after which your shares will be sold at the prevailing market price.
  6. After the sale has been completed, Direct Broking will send written confirmation of the sale to your registered address and the proceeds of the sale will be credited to a bank account in the name of the Estate or Solicitor's client trust account at the completion of the specified settlement day.

Conditions

Please take note of the following conditions:
  • Your shares will not be sold until you are contacted by Direct Broking after the receipt and approval of your requirement form and identification documents.
  • A Estate Sale Requirement Form must be completed and supplied before a sale can take place.
  • A Estate Sale can only be conducted by someone who is not an existing Direct Broking client.
  • You can conduct a sale for an Estate once only.

All Estate sales are conducted in accordance with NZX Rules and Direct Broking's Client Agreement General Terms and Conditions.

If you have conducted an Estate sale with Direct Broking before and you have further shares to sell, you must become a registered client.

Apply for a Direct Broking account here