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Transaction certificates
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Transaction certificates
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Transferor transaction certificates
Can be created by the vendor's representative (if they are a TRO agent) to pass the vendor-related information to the purchaser's representative before settlement. The purchaser's representative may use the certificate to endorse or create a Transferee transaction certificate.
Ensures that the vendor's information is being correctly inputted into TRO prior to settlement.
Linked to the TRO Agent's Duty account and can be viewed, edited and printed from the 'Duty transactions' menu within the account.
Contains the vendor's personal information, entered either manually (all details visible) or by transfer certificate (name only visible).
Contains property information, such as PID, volume/folio and interest transferring.
Requires a a TRO user with 'Endorse' access. This access is granted by the TRO Agent's Duty account administrator under 'Manage user transactions'.
Will not be provided if the vendor or their representative is not a TRO Agent. In this situation, vendor transfer certificates may be provided instead.
Transferee transaction certificates
Can be created by the purchaser's representative (if they are a TRO Agent) to pass the full transaction information (usually at settlement) to a third-party stamping agent such as a bank.
Contains both the vendor and purchaser's personal information, entered in one of the following ways:
manually (all details visible);
by transfer certificate (only name visible);
by a Transferor transaction certificate (containing personal and property information); or
a combination of the above.
Ensures the information is ready for settlement (the certificate cannot be created if there are missing fields), but can be amended by the stamping agent if required.
Allow the settlement date to be a proposed (future) date.
Requires a a TRO User with 'Endorse access. This access is granted by the TRO Agent's Duty account administrator use the 'Manage user transactions' in the main menu.
Will not be provided if the purchaser or their representative is not a TRO agent. In this situation, purchaser transfer certificates may be provided instead.
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