Hi all. Am new here though I've played stocks for some time. In my bid to be transparent to my other half we opened a joint CDS A/C intending to transfer everything in my CDS to the joint one. I wrote to my CDA on this only to be told to have the transfer form & copies of supporting docs notarized for this to be effected. Further I was informed that every buy or sell order placed will have to be done jointly though our intention was for it to be operated by either. Efforts to get help from CDSC are fruitless so far. Is this so Wazuans?

Hapo @QW25081985 I have to agree with you, something I rarely do.

Guys, it seems you did not get my question. Its not WHY it was opened but HOW it is operated. For different reasons I could open a joint one with u qw or gekko but how do we operate it?

Sawa @KiFagio. A CDS A/C is like a bank account, the signing mandate determines how it is operated. The mandates will be maintained and adhered to by your broker. If they say all to sign, both of you will have to sign the buy/sell order. If it says any one, then any of the two of you will be able to do so. Now lets deal with the WHY. Is it because you want her to automatically inherit the shares when you croak? She will still need Letters of Administration for that, whether she has a part ownership or not.

I like the last ,Pray hard brother