You are required to open a Central Depository (CDP) account before you can start to trade in the Singapore securities market.
The Central Depository Pte Limited (CDP) is a wholly owned subsidiary of the Singapore Exchange Ltd (SGX), providing integrated clearing, settlement and depository facilities for customers in the Singapore securities market, including both equities and fixed income instruments.
To start trading in the Singapore Market, please follow the steps below to open a CDP account and link it to your DBS Vickers Trading account.
| Open and link your CDP account |
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Now, let's delve into the concepts mentioned in the provided article, which appears to be related to opening a Central Depository (CDP) account for trading in the Singapore securities market through DBS Vickers Trading.
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Central Depository Pte Limited (CDP):
- The CDP is a wholly owned subsidiary of the Singapore Exchange Ltd (SGX).
- It provides integrated clearing, settlement, and depository facilities for customers in the Singapore securities market.
- CDP handles both equities and fixed income instruments, offering a centralized platform for managing and recording securities transactions.
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DBS Vickers Trading:
- DBS Vickers Securities is a part of DBS Bank, specializing in securities and trading services.
- To start trading in the Singapore securities market using DBS Vickers, individuals need to open a CDP account and link it to their DBS Vickers Trading account.
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Opening a CDP Account:
- Traders are required to open a Central Depository (CDP) account before participating in the Singapore securities market.
- The process involves signing up online via the SGX website and submitting a request to link the DBS Vickers account to the CDP.
- Alternatively, individuals can complete the SGX Account Linkage / Revocation Form to establish the connection.
- The completed form is then mailed to the DBS Vickers Securities - Static Data Centre.
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Steps to Open and Link CDP Account:
- Sign up online via SGX website.
- Submit the request online to link the DBS Vickers account to CDP.
- Alternatively, complete the SGX Account Linkage / Revocation Form.
- Mail the linkage form to the designated address.
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Address for Mailing Linkage Form:
- The linkage form is to be mailed to DBS Vickers Securities - Static Data Centre at 12 Marina Boulevard #10-01, Marina Bay Financial Centre Tower 3, Singapore 018982.
This information provides a comprehensive overview of the steps and processes involved in opening a CDP account and linking it to a DBS Vickers Trading account, ensuring individuals have access to the Singapore securities market.
