W E L C O M E0 T O0 A U S T R A L I A N0 P R O B A T E0 B O N D S
Australian Probate Bonds Underwriting Agency's (APBUA) primary mission is to provide a professional service of the highest quality to the Share registries of Australia's publicly listed companies, Stockbrokers participating in the CHESS sub-register system and to their clients, the representatives of deceased shareholders.
We aim to handle all enquiries in an efficient, prompt and courteous fashion and to ensure our service contributes to a smooth and effective share transfer system.
We recognise that our clients are very important and accordingly we will always strive to meet the highest service standards possible so we can demonstrate that we care about their situation and needs.
APBUA is a firm committed to all our stakeholders, and as a sign of our desire to ensure that we provide only the very best service, we invite all interested parties to comment on the quality of the service we have delivered. We are especially interested to learn if you believe we can improve our service or procedures and we welcome your suggestions on how this may be achieved.
FACTS ABOUT APBUA
» APBUA is currently the only firm in Australia engaged in the business of providing Transfer Indemnity or Probate Bonds as a substitute for a "Grant of Probate".
» We provide this service to the shareholder estates of the vast majority of Australia's leading publicly listed companies.
» We have the ability to issue Bonds for all remaining companies.
» Our service and our Transfer Indemnity Bond product has been recognised by the Australian Securities Exchange in relation to shareholdings recorded on the CHESS system.
» On 16 June 2003 the ASX Settlement and Transfer Corporation Pty Ltd (ASTC) released CHESS Bulletin P-2003/158 explaining how our product can be used within the CHESS System. For further details please contact APBUA or your authorised Stockbroker.
» Our Transfer Indemnity Bond is also recognised and endorsed by the Share Registries peak industry body, the Securities Registrars Association of Australia Inc.
» Nearly 40% of APBUA's business is generated from the Estates of persons domiciled outside of Australia (predominately from the United States of America, United Kingdom, Asia, Europe and New Zealand) who hold Australian Shares.
» More than 50% of APBUA's business is delivered to us by Solicitors, Accountants and other professional firms representing the estates of deceased shareholders.
» Currently almost 90% of the enquires we receive result in us issuing Transfer Indemnity Bonds rather than the estate seeking a formal "Grant of Probate".
» This extremely high acceptance level is a reflection of the cost effectiveness and speed of our service as well as the simple procedure involved compared to the traditional Probate process.