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 SGX Counters, Discussion on Counters in the SGX

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L_Kuan
post Oct 26 2016, 12:01 AM

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Joined: Jun 2007


QUOTE(Hansel @ Oct 25 2016, 04:35 PM)
Yes, yr fees stated are abt right.

But if you have SCB, your minimum charge is SGD10, OR 0.2% of transacted amt, whichever higher,... This is good, right ?? But yr shares are kept in Stanchart and are not registered directly under yr name, hence, you are not able to go for AGMs.

After buying thru Stanchart, you can always transfer yr shares to CDP, PROVIDED you have a CDP Acct, at minimal fees.  smile.gif
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What is the benefit of transferring from SCB to own CDP account??
L_Kuan
post Oct 29 2016, 11:19 AM

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QUOTE(Hansel @ Oct 26 2016, 07:27 AM)
Owning shares in CDP is more of direct ownership. It allows you to :-

1) be totally free from risks of the nominee bank failing.
2) attend AGMs and other co meetings.
3) participate directly in corporate actions without waiting for notifications from the brokerage.
4) sell via any direct-holding brokerage rather than where you bought through.
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Thank you!

1 -> quite difficult to happen tongue.gif
2, 3 -> Similar to Malaysia
4 -> Means in Singpaore there's only one "CDS" account??? That's why we can sell through any brokers when it's not nominee account (Cause a sI know, in Malaysia, even when it's direct account, we cannot sell through other bank :S)

 

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