Keep in mind that also technically transferred points are to retain their original resort identification, thus if your points were from resort "A" and the transferred points were at resort "B", you could not use the "B" points to add to your "A" points to make an 11-month reservation at "A". You would have to wait until the 7-month window. Also if the transferred points are a different use year month, then technically you couldn't combine the points for a single day anyway, because they're different contracts, just like a current owner can't combine points from two different contracts (i.e., not a true add-on contract with same use year) to make a reservation for the <b>same</b> day. Example: I have OKW June and OKW August use year months. I cannot combine points from the June contract AND the August contract to make a reservation for the same day. I could however use the June points for 2-days and the August points for 3-days, then link those into a single 5-day vacation. I cannot simply combine all the points and make a 5-day vacation, nor could I use the June points to reserve 2-1/2 days and the August points for 2-1/2 days.
In all cases you can use different points from different resorts or different use years to make reservations for different days and then link the reservations per the above example. But technically you could only combine points to make a reservation for the same day if those points have (1) The same resort if more than 7-months out, (2) the same use YEAR (2003, 2004 etc), and (3) the same use year MONTH, EG June.
However, it's also been reported that the
DVC computers may not actually retain the transferred points Resort and Use Year Month, in which case those transferred "B" points wind up in your account as "A" points, with your "A" contract's resort and use year month. Don't know for sure what is happening today, but you should be aware. Check with MS just to be sure.
Last I heard they were working on this as it's a bug in the system. If they made it normal to change the resort/use year month on transferred points, then someone with lots of points about to expire and too late to bank, would simply <i>transfer</i> them to another's account where they would assume a new use year month and possibly have a lot more time in which to be used, thus bypassing the normal banking rules. As in my case example, I could simply transfer my expiring June points into my August contract and they would 'magically' gain 2 more months before they would expire. Obviously this is outside the intent of the normal banking rules.
Just think of the chaos that could evolve if transferred points did not retain resort/year/month identification and DVC policy was to recategorize the points to the account that they were transferred into. Someone with several contracts such as June OKW, Sept VWL, Dec BCV could do all sorts of things by tranferrring points around and thus gain 11-month reservations at different resorts when they shouldn't, bank points past deadlines by transferring them to a different account, etc.