Can I sell shares through CommSec as a One-Off Trade without opening a trading account?

CommSec offers a 'One Off Trade' (OOT) service for clients who do not wish to open a trading account but have an issuer sponsored holding they wish to sell. In order to sell your shares via the One Off Trade service you must have an existing account with the Commonwealth Bank or have a CommSec trading account. The shares you wish to sell must be held in a different name to your existing trading account.

To complete a One-Off Trade:

  1. Download the form by navigating to Support > Forms & Brochures: Shares > Australian Shares > One Off Trade Form

  2. Complete the form and attach the latest holding statement or dividend statement of the share you wish to sell. Each parcel of stock will have a separate Shareholder reference number (SRN) and holding statement and will therefore require a separate trade. Please include holding details for each stock you wish to sell.

  3. Return your completed form and statement/s via one of the below methods:
    Email: OneOffTrades@commsec.com.au
    Fax:: 1300 703 210 (Attention: One Off Trades)
    Post:
    Attention: One Off Trades
    CommSec
    Locked Bag 22
    Australia Square NSW 1215

We will review your request within 2 business days after receipt of your form. A representative will be in contact with you should we require further information. Your shares will be sold at the prevailing market price at the time the order is placed and a Confirmation Contract Note will be issued the same day.

Brokerage and settlement

Brokerage for a One-Off Trade is $66 per trade up to $10,000 OR 0.66% of the value of the trade if greater than $10,000. It is deducted from the proceeds of the trade.

The net amount will be posted to you as a cheque on the second business day after your order is executed (T+2). Please ensure that your registration details with the share registry are up to date and accurate. We will post the Confirmation Contract Note and cheque to the registered address of your shareholding.

Important information

  • CommSec cannot execute a One Off Trade unless you have an existing account with the Commonwealth Bank or CommSec. Where you wish to sell shares that are held in the name of a trust or company, you must have an existing Commonwealth Bank account in the same name as the registered name on the shares.
  • Any Commonwealth Bank or CommSec account details provided by you on the One-Off Trade form are for identification purposes only, and proceeds will be credited in the form of cheque only.
  • Warrants cannot be sold using this form and no early settlement is available.

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