Garretts92...
Transferring points takes on two different scenarios.
1. Transfer points between two different members. Example you have a brother who is a
DVC member and want to transfer some of your points to him for some reason.
This also works in cases where a member is renting points to another member. Instead of the 'rentor' making a ressie for the 'rentee' as is usually done, the two parties may agree to just transfer the points and then the 'rentee' is resonsible for the points after that.
2. In the case where a single member has more than one contract, it is usually not necessary to perform any transfers except where necessary to complete points for a full day.
Example: You have two contracts at the same resort. A June contract and a December contract. You want to make a ressie somewhere for 6 nights. You could reserve 3 of the nights using your June contract, and the other 3 nights using your December contract, and then just link the two reservations together into a single reservation.
In the same situation except where the two contracts are at different resorts, you can do the same except remember that at least one of the contracts will now be a non-home resort for the resort it was moved into, and still retains it's original 7-month booking requirement.
Example 2: Same situation as above except this time you want to finish using all the remaining points you have in one contract, for example June, and only add what you need using the December points. You want a room that is 20 points/night. You have 45 points left in your June contract. You could reserve two nights from your June contract for 40 points, but this gives you 5 points left over unused. So instead, for a 5 night stay (100 points) you would transfer 55 points from your December UY into your June UY to give you the 100 points you need to make the ressie. Conversely you could transfer all of your 45 points from June into December, leaving zero points in June, and then just making your ressie from your December year.
Keep in mind as mentioned that ALL points retain their original resort and use year. If you transfer points from one resort to a different one, those points still maintain their 11-mo/7-mo status relative to their original home resort. If you transfer points from one contract to another wherein both were at the same resort, then all the points would still have an 11-month window associated with them. Also keep in mind that if you transfer points they may no longer be banked. Nor may already banked points be transferred. Borrowed points may not be transferred to another member. (The guidebook isn't clear as to whether you can transfer borrowed points from one of your own accounts to another of your own accounts).
Hope this helps.