Direct Register Shares from Directa SIM

Updated: Nov 6

Directa SIM requires you to have an existing Computershare account. You can open one by buying a share through Give A Share, or a popular route has been through Interactive Brokers (IBKR). They can DRS quickly and for only $5 (link to guide here).

Directa SIM charges a $75 (US) fee for each ISIN and each DRS transfer. This means each time you want to direct register shares of a specific stock you are charged $75 (US) by ticker.

Once your shares and $75 are settled in Directa SIM, you can send them a Letter of Direction. This can be handwritten or typed, but it must be signed with wet ink. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock.

Writing it yourself?

Be sure to include:

  • Say: “I want an outbound DRS transfer of my GME shares to Computershare”.

  • Put a statement agreeing to the fees (eg. I agree to the fee of $75 (US).

  • Your account number, full name, phone number, email address, SSN/Tax ID.

  • The stock (GameStop), its ticker (GME), and its CUSIP (36467W109).

  • How many shares you want to transfer.

  • The Transfer Agent's name, DTC number, and address. In GameStop's case that's: Computershare US. DTC# 7807. Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.

  • Your Computershare account number.

  • If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first).

  • With the Letter of Direction completed, scan it in.

  • Scan your latest Computershare Statement proving your account number.

  • Send it by secure mail.

  • You can contact Directa SIM support to ensure they have received the Letter of Direction and have begun processing the transfer.

  • If they have begun processing it, the agent will provide you with a Confirmation Number.

Once you have sent Directa SIM the Letter of Direction, the transfer will take 10-15 business days to process. If you're feeling uncertain you can check in with them by starting a support chat on Directa SIM's website.

Your broker will transfer the shares in your name. Because of this, a second account may be created for you. This can be for a few reasons, such as a middle initial existing on one account, but not the other. If your name matches exactly, then the transfer will process within 3-10 business days. If not, then it will take another 2-4 weeks for the account to be made and the DRS Account Statement sent out to you.

Tax Form:

At this stage it is important to verify your tax status as a non-US citizen. While logged into your account, go to the My Profile tab, then “Tax Details”. A guide on how to fill in the W-8 BEN form is linked here).


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