Can I sell the SGX listed shares which I have in my CDP account? FAQs (2024)

FAQs

Can I sell the SGX listed shares which I have in my CDP account? FAQs? ›

Can I sell the SGX listed shares which I have in my CDP account? You will need to transfer the shares from your CDP account into your account with Phillip Securities before you can sell it.

Complete the Request for Transfer of Securities Form available in the CDP Forms. Email the signed form with the required supporting documents to asksgx@sgx.com with the subject title: “Video Call Request - Share Transfer”. Note: Transfer fee of S$10.80 (inclusive of GST) per security per transfer request is payable.

Cash distributions in your CDP account are not interest bearing. To withdraw this foreign cash distribution, you may request for a one-time telegraphic transfer (TT) to any designated bank account. Please note there is fee of S$15 (inclusive of GST) in addition to applicable receiving bank charges per TT transaction.

The Central Depository (Pte) Limited (CDP) is a wholly owned subsidiary of SGX that provides integrated clearing, settlement and depository services for a wide range of products in the Singapore Securities Market.

What is the process of selling odd lot shares in Singapore? Depending on your broker, you can either sell your odd lot shares via the online brokerage by accessing the SGX Unit Share market (see table above), calling their customer service hotline or speaking to your trading representative.

If I have a CDP Securities Account, how do I transfer my holdings from CDP to my DBS Online Equity Trading Account? (For Singapore Clients Only) Please complete the CDP Form 4.2 and submit it to us via your Relationship Manager. Do note that transfers from CDP to DBS will take at least 5 working days.

CDP charges a processing fee of S$75.00 (subjected to prevailing GST) for each failed contract. A brokerage rate of 0.75% will be levied on each buy-in contract.

Users can access CDP Internet on Investor Portal at investors.sgx.com to view your securities portfolio and download e-statements using one of the following methods: Singpass (for Singaporean/PR/Singapore Work Pass Holders)^ CDP Internet User ID and Password with Two Factor Authentication (2FA) via SMS OTP.

Can I sell shares using CDP? ›

If your shares are held in the CDP instead, you can sell your shares through any broker. There is no limitations to use the same broker through which you had bought the shares.

Among the largest companies in Singapore are two of its biggest tech companies, Sea Limited and Grab Holdings. Sea Limited operates the e-commerce marketplace Shopee and online gaming company Garena, while Grab Holdings is a super-app that provides ride-hailing, food delivery, and digital payment services.

SGX offers full fungibility where a listed security can be traded seamlessly between two different currencies. Issuers need not split the stock into two currency pools, and investors can at the same time take investment positions incorporating forex opportunities.

Your old brokerage firm may charge a transfer fee. Fortunately, the best online brokers frequently offer deals in which they pay any transfer fees the old broker charges. Before you start your transfer, check if there will be a fee and if your new brokerage firm will cover it.

Yes. You can transfer your Demat holdings from one broker to another either manually or online. Are there any charges to transfer shares from one Demat account to another? The broker may apply some charges for a manual transfer.

For example, you can use a CDP-linked brokerage account to purchase Singapore stocks that you intend to hold for the long term, while using a custodian account to purchase US stocks. Read more about brokerage accounts to start your investment journey with here.

SGX's Listing Rules augment the disclosure-based regime with high baseline admission standards and continuing requirements for issuers. A cornerstone of the regime is to require listed issuers to make timely disclosure of all material information to the marketplace.

The resolution to delist must be approved by a majority of at least 75% of the total number of issued shares (excluding treasury shares and subsidiary holdings) held by the shareholders present and voting on a poll. The bidder and parties acting in concert with it must abstain from voting on the delisting resolution.

Public company employees and investors can sell company shares through a broker. To sell private company stock—because it represents a stake in a company that is not listed on any exchange—the shareholder must find a willing buyer.

How do I sell shares stuck in my lower circuit? ›

Placing an order at the pre-open session is the most convenient and straightforward technique for breaking out and selling a lower circuit stock. At 9 AM, you should place a sell order in the pre-market. Since the market is volatile, trading on the lower circuit is normal. It goes through a lot of ups and downs daily.

Log in to my cpf digital services with your Singpass > Select my cpf > My dashboards > Investment > Select “Sell your shares” under the Discounted Singtel shares section in the Investment dashboard. You can sell your discounted Singtel shares at any SingPost branch.

Steps to search/view stock details and place trade. Click on the numbers to view screens. Enter the stock symbol/name and click on symbol to bring up market information about the share counter. Click on Trade to place a trade.

Collateral transfers

In order to transfer shares from an individual account to the collateral account, the CDS requires the under mentioned documents together with duly completed CDS transfer form. Original document of the approval granted by SEC. Confirmation of stamp duty paid to the Inland Revenue.

To start trading, you will need a Trading Account with a broker and a CDP Securities Account. Singaporeans/PRs may apply for your Individual CDP Securities Account using Myinfo.

You can avoid a wire transfer fee on domestic transfers by using free payment services such as Zelle or Popmoney to send money from an account at one bank to an account at another bank. Which banks offer free wire transfers? Some financial institutions offer free wire transfers depending on your account type.

Please call our Customer Service Hotline at +65 6535 7511 and select Option 1 after the language option.

A CDP account, operated by SGX, provides an integrated clearing, settlement and depository facilities for customers in the Singapore securities market, including both equities and fixed income instruments. Simply put, whether you're buying bonds or stocks, you need a CDP account to proceed.

What is the difference between CDP and brokerage account? ›

What is the difference? A brokerage account allows you to trade shares through your brokerage firm. The CDP account is where all the shares you purchase from the local stock market (i.e. the SGX) are placed. The CDP account is held directly by the investor (you) which means you are the direct owner of the shares.

Because you can choose the tax lot(s) you are selling, selling specific shares gives you more control over the gain or loss realized by a sale. If you sell tax lots with higher cost, you may expect a lower realized capital gain.

If you sell stocks for a profit, you'll likely have to pay capital gains taxes. Generally, any profit you make on the sale of a stock is taxable at either 0%, 15% or 20% if you held the shares for more than a year, or at your ordinary tax rate if you held the shares for a year or less.

Yes. Once we've verified that you have a valid share holding on our share register, you'll be able to sell your shares.

Both in the 11th and 12th generations of Intel Core processors, SGX is listed as "Deprecated" and thereby not supported on "client platform" processors. This means Ultra HD Blu-ray disc playback is not supported.

What is a short sell order? A short sell order arises where a seller does not have an interest in the securities at the time the sell order is made. Investors are required to disclose short sell orders, directly or indirectly through a broker, to SGX at the point of order submission.

Nifty is an index that represents the top 50 companies of India, and it is traded on the NSE in India. Whereas SGX Nifty, also known as Singapore Nifty, is a derivative product based on the Nifty index that is traded on the Singapore Stock Exchange.

Indian economic indicators: Economic indicators such as GDP growth, inflation, and industrial output can all impact the price of SGX Nifty. Positive economic data can lead to higher prices, while negative economic data can lead to lower prices.

Generally, you shouldn't disable Intel SGX under any circ*mstances. If you plan to use Intel SGX to help secure your applications and sensitive data, disablement should be completely avoided, as disablement offers no application or data protection whatsoever.

SGX Titan is the new low-latency, high-throughput trading, trade registration and clearing platform to meet the growing needs for SGX equity index, FX and commodity derivative products.

How to sell Singapore government securities? ›

Yes. SGS bonds can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers. Note: The price of SGS bonds may rise or fall before maturity. There is no capital gains tax in Singapore.

via Online Sale Facility

Log in to my cpf Online Services with your Singpass. Select my cpf > My dashboards > Investment, look under “Discounted Singtel Shares” section and click on “Sell your shares”.

The standard board lot size is 100 units.

You can sell your investments (e.g. shares or property funds) which are listed on the Singapore Exchange one trading day after the purchase date provided: Your stock broker has keyed the purchase trade on the day the purchase contract is made; and.

If your SGS bonds are held in your CDP or SRS account, you can trade them on the SGX through your securities broker. You can also buy SGS bonds on the SGX using cash or SRS funds. Trading on the SGX has transaction and brokerage costs. From 9am to 5pm, with a break from 12 pm to 1pm.

For cash investments, submit redemption requests through DBS/POSB, OCBC and UOB ATMs or internet banking portals, or OCBC's mobile application. For SRS investments, submit redemption requests via the internet banking portal of your respective SRS Operator.

Brokerage Houses

One of the most common and easiest ways of buying and selling stocks, mutual funds, and bonds is through a brokerage house. Brokerage firms typically require you to open an account with them and deposit a certain amount of funds as a show of good faith.

Can I withdraw my investment profits? Profits made from investments under the CPF Investment Scheme-Ordinary Account and/or CPF Investment Scheme-Special Account are not withdrawable as the purpose of investing is to grow your savings for retirement.

Cash trading involves buying securities with the help of money instead of depending on margin or borrowed capital. Apart from a Demat account, one will also require an authorized broker who will place the investor's trading requests at the stock exchange as well as buy and sell the stocks in the cash segment.

What is the highest share price in Singapore? ›

Historically, the Singapore Stock Market (STI) reached an all time high of 3906.16 in October of 2007. Singapore Stock Market (STI) - data, forecasts, historical chart - was last updated on May of 2023.

Key Facts. In Singapore, Minimum share capital is S$1. Private limited companies must have a minimum of 1 shareholder and can have a maximum of 50 shareholders.

Very often, the terms, “equities”, “stocks”, “shares” and “securities” refer to the same thing. Buying stocks represents a share of ownership in the company and you become its shareholder. Shares are bought and sold on the stock exchange. In Singapore, it is known as the Singapore Exchange (SGX).

Can I Sell a Stock on the Same Day When I Bought It? Yes, as long as you don't make a habit of it. Otherwise, you might be considered a day trader. Day trading can result in substantial losses and is best left to experienced, well-capitalized traders.

For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days). For example, if you were to execute an order on Monday, it would typically settle on Wednesday. For some products, such as mutual funds, settlement occurs on a different timeline.

To enhance transparency of market activities, investors are required to mark a sell order in a security as a long sell or short sell. SGX publishes daily reports and weekly reports on short sell volume and value.