Initiating a FOP transfer for CNG token conversion on Funderbeam platform
Step 1: Create or Log Into Your Account at Funderbeam
- Start by logging into your Funderbeam account. Once you’re in, navigate to your Portfolio and select the Orders section. Read here how to open Funderbeam account.
Step 2: Placing an OTC Order
- Click on the “Place OTC order” button. Use the search functionality to locate Change Group AS share unit
Step 3: Enter Transaction Details
- Fill out the transaction form with the necessary details including the amount, price, and expiration date of the transaction (please understand the rounding methodology from the blog post).
Step 4: Counter-Party Information
- Specify the details of the counter-party involved that will be Change Public Investors OÜ and email [email protected]
Step 5: Selecting Transfer Type
- Choose the Free Of Payment (FOP) option since you're not sending a payment in this conversion process.
Step 6: Submit the Order
- Click “Submit” to place your OTC order. Funderbeam will then prompt the counter-party to create a matching counter-order.
Step 7: Follow Up
- You can monitor the status of your pending OTC transactions directly from your Dashboard.
Step 8: Transaction Completion
- Once the counter-party has submitted their order and Funderbeam has reviewed the details, the transaction will be finalized. Both parties will receive an email notification confirming the completion of the process.
After the FOP Transfer
Following the FOP transfer, your shares originating from CNG tokens will be reflected in your Funderbeam account. Make sure to keep an eye on your email and Funderbeam Dashboard for any updates or confirmation throughout this process.
Remember, it's essential to ensure that your account details are up-to-date and you've completed all necessary verifications on the platform. If you encounter any issues, don’t hesitate to reach out to for our assistance at [email protected].
With this straightforward process, you can confidently convert your CNG tokens into shares, securing your new assets in compliance with the latest regulatory requirements.