I think I have an irrational (?) fear of making security transfers. In my bad dreams I imagine that I send ETFs from one broker to another and they are just lost on the way. And neither of the two companies feels responsible or can help me. Therefore, some things I am wondering about:
- Has that ever happened?
- Are those transfers as safe as for example transferring money using an IBAN within Switzerland?
- What does actually happen during such a transfer from a technical perspective? Is the information on which exchange was used to buy the security always preserved?
- Some brokers seem to require to register incoming transfers. When is this required or recommended? What would happen if they cannot match the transfer up?
Anything else to watch out for?
Looking forward to your comments.
Thanks a lot!