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What is the difference between "In Species/Position Transfer" and "Cash only transfers" for an ISA accounts?
When transferring an ISA to MEXEM UK, there are two main types of transfers:
In Specie (Position) Transfer:
This allows you to transfer your existing investments (positions) directly into your MEXEM UK ISA without selling them. This method avoids exiting the market and may help preserve your investment strategy during the transfer process.
Cash only Transfer:
In this case, your existing ISA provider will sell your investments and transfer the cash proceeds to your MEXEM UK ISA. You can then reinvest the funds once they arrive in your new account.
You will be able to see which transfer type we offer for your provider by logging into Client Portal and selecting Transfer & Pay then Transfer Existing ISA. After selecting your ISA provider, you will see the available transfer type.
