Official translation is up now:
Quote Originally Posted by Rukkirii View Post
We wanted to give you more information about the item binding that was mentioned in the Letter from the Producer Live IV.

For items that bind to characters, it will not be possible to transfer them to characters under the same account.

Also, since we are planning to make it so once you accumulate more than 1 point of spirit bond the item will be bound to you, as long as you do not fulfill this criteria it will be possible to transfer it to other characters.

Finally, regardless of whether they are bound to you or not, EX items and such that could not be transferred previously will still not be able to be transferred.
http://forum.square-enix.com/ffxiv/t...l=1#post956725