Paul I am in the same boat as you. I trade through HSBC and am out of the country. I would expect any divi to be paid to the settlement account. That would be easier since HSBC are holding the shares they would receive the dividend as the broker. I hope.
NO BULL Thanks for your response. I have my stock in HSBC stock account and will email them how to get the possible check paid directly to my HSBC in UK. I have HSBC in other countries with pound accounts so there is no problem transferring as it is free to global transfer for premier account holders. Changing into dollars is easy and rate is pretty good when doing that in Vietnam compared with the other countries like Jersey and China. If not I guess I will fly in for a week and hope the check has arrived. But we have to win it first. Good luck too.
The worst case is you might have to put your shares in a nominee account with a U.K. broker, so then the cheque problem becomes your broker's problem rather than yours. I expect opening a UK broker account from abroad is riddled with problems: the anti money laundering regulations might require you to prove who you are at your nearest British embassy (they charge hefty fees for these sort of services). The problem may be worse if you are resident in any of the countries known for either drugs or terrorism. Alternatively you could have your shares registered at the address of your overseas residence, then the cheque would be sent to where ever you are. You then have the problem of having to send it back to a U.K. bank to have it paid in. There is no problem in doing this except you maybe don't have the comfort of immediate confirmation the money has been credited to your account, unless you are dealing with one of those specialist banks that most people haven't heard of but which specialise in dealing with high net worth individuals resident overseas. If using a U.K. bank and you have to transfer the funds out to where you are, you also need to get internet savvy about how they rip off people on the exchange rate. The correct exchange rate should be very very close to the middle rate using the Oanda.com "Currency converter". It appears there are different exchange rates for different purposes, and some banks give you the exchange rate as if you were ordering the bank notes of the country you are resident in (a tourist rate), which is simply terrible. (the spread is terrible). They can defraud you hundreds of pounds doing that. The exchange rate I get when buying overseas shares (not through a bank) is very good, but getting a cheque in a foreign currency here is a disaster: a high street bank here can really rip you off giving you a tourist rate, and charge about £50 on say £650, and then take 8 weeks for the cheque to clear. Anyway we have to win our case first before you have all these problems. Good luck.
Is there anyone else away from the UK? I am thinking how do I get my cheque if we win without returning to the UK? That is assuming we are paid a special dividend. Any ideas out there as I am sure many off us are in the same boat.
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