Why is the cost basis of transferred positions incorrect?

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution for assets sent via Free of Payment of Global Securities. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with ISA transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution during your ISA Account Transfer. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with TBSZ transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution during your TBSZ Account Transfer. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…

UPDATE COST BASIS FOR TRANSFERRED SECURITIES

The cost basis information associated with Plan d'épargne en actions (PEA) transferred positions (e.g., acquisition date and price) will not be automatically provided from the delivering institution during your PEA Account Transfer. Client will have to update the cost basis in Client Portal if required. Please reach out to the delivering institution in case confirmation of cost basis for the transferred positions is required. If the cost basis is not updated, then positions will be assigned with default cost basis values where the acquisition date is set to the date of transfer and the cost to the closing price of the security on the date of transfer…