@rumen - It appears the Accustem shares now are in the process of being issued. Hopefully the delay in issuing the shares has meant that T212 has been able to complete the system functionality needed. Are you able to provide an update. Thanks in advance.
the system has not received such an update yet.
@Dao - Thank you for the feedback.
Do you have any timescales regarding when the functionality will be implemented - is it likely to be days / weeks / months away?
If there isnāt a large number of T212 clients that are affected, is it not possible for T212 to process these shares on a more manual basis on this occasion?
If the above isnāt possible, please can you just confirm the process that T212 will use in this scenario just so we are clear?
Thanksā¦
we cant really say as T212 have not given any further updates on it yet. maybe weeks but potentially still months away.
currently, they will sell the shares when they receive them and distribute the funds for the number you should have gotten and then you can choose to buy back in with those funds afterwards when they are trading, but this means that you may only be able to buy back less shares due to the time gap between the shares going live and you getting paid.
Is there any update on this? It has taken a lot longer than expected for accustem to be listed (and still waiting) but hopefully this is good news if youād hoped to be able to transfer shares instead of paying out cash by the end of 2020, is this now what will happen?
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Any updates on the whether weāll receive the shares?
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T212 Any update on the functionality? Has been a long time now since it was suggested that it might be ready for end of 2020. It is now 5months into 2020 and we have not heard anything.
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Personally I donāt think they have any intention of rolling out the functionality, just an easy way to get us off their case. There has been ample time to do so and I cant see it being a difficult process to just give people shares (that are rightfully theirs) surely its a similar process to awarding people shares for signing up using referral codes etc. Presumably they are going to benefit by giving us a predetermined price for the shares and for those of us who then want to buy the shares may not get a good price/spread when doing so.
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Trading 212 donāt control the spread so that wouldnāt benefit them. For the meantime they probably should wave the FX fee for people wanting to rebuy into companies theyāve been cashed out of. That would be a nice gesture / stopgap.
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@Rumen @Team212 @David
Seems like you didnt work that hard. Its 30th may atm and still nothing changed.
Merck is going to spin-off soon Iād like to keep the shares. As I am the owner of MRK shares, please transfer the spin-off stocks to my account after the spinoff is done. I do not wish to sell them. I want it to be clear. The cash equivalent is unacceptable.
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Can anyone tell me how Merckās upcoming spinoff Organon will be treated by T212?
Will we get the shares or the value of the shares?
Personally I would prefer to get the shares.
Could @Team212 please clarify?
Thanks
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Hey,
Once the event is executed, each holder will receive the amount in cash equivalent 
.
Additionally, the entitled clients will receive an in-app notification 
with further information about the event.
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Thank you for your reply @Hris.M
There is no away we can get the shares instead of the cash?
Otherwise, we will be charged fx fee twice, when t212 credits the cash from the spin off and when we buy them back. Is my assumption correct?
Thanks for clarifying
Hey
As I said MRK stocks and ongoing spinoff belong to me. I am the owner of them and you have no right to sell them. Therefore Iād like to see them on my account after process. I hope you know selling them without my consent = breaking the law and all other consequences connected with it.
Regards,
KM
This is an interesting tactic. I imagine theyāll definitely accommodate you.
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Iām sure T212 staff are shaking in their boots now.
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KM stands for āKaren, Motherā
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not quite how it works. you did not buy the new shares, they are gifted to the registered owner (Trading212, not you) so T212 are not selling anything you own. they donāt have the functionality to offer the shares themselves yet, however they are keeping to their obligations by making sure the value of those shares are placed in your account.
If this isnāt good enough for you, you can always find a broker that supports the functionality that T212 lacks in the meantime.
Wait what?
Im not the registered owner of the stocks?
So if t212 goes bankrupt im not gonna get any cash/stocks back right?
Good to know.
im out.
thanks for pointing it out
Not true. Your funds are held in a segregated account as per regulations that couldnāt be used if as you say 212 were to go bankrupt. Many threads on this.
I think the setup is a bit like 212 act as a nominee account on our behalf, so although the 212 nominee account would appear on the share register, we are still UBO.
It should be stated in the website T&C, but I think that is right.
ā Your funds are kept in a segregated account and are protected by the FSCS up to Ā£85,000ā
FSCS website will have more details.