The following explains the instruction numbers in the diagram above:
1 : In either primary or business mode, when in the asset item detail view, choose the transfer ownership or sold from the status list
2 : Select Yes to initiate the automatic transfer, otherwise select No for normal status change.
3 : Specify the myAssetLookup account number of the individual or business the asset will be transferred to, you can find this beneficiary number in the profile update page.
4 : Click to save. You will get inBox messages regarding the status of the automatic transfer that you have initiated. The beneficiary will also be notified of the pending transfer. The final status of the transfer will depend on the beneficiary accepting or rejecting transfer offer. If the beneficiary fails to respond to the transfer request after 72 hours, the auto transfer process will be cancelled. The inBox message sent to the beneficiary looks as shown below.