How do I sell the shares stored in my CDP Account? (2024)

FAQs

How do I sell shares on my CDP account? ›

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.

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.

From your portfolio, click on the holding you wish to sell by going to the “actions” drop- down menu on the right and click “Sell” and follow the online prompts. 2. Contact Computershare at 855-377-0510 and they can assist with selling your shares.

You can easily benefit from this by electronically linking your CDP Account to your FSMOne Account. After the successful linkage, you can start to use your FSMOne.com account to sell your stock/ETF holdings from your SGX CDP Account. The approval process will typically take approximately 1 business day to process.

The Central Depository Account, or generally referred to as CDP, is an account that holds all the shares you purchased on the open market safely. A CDP, run by the Singapore Stock Exchange (SGX), serves as a security for all of your stocks.

To sell these stocks, you will have to wait till they get delivered to your Demat account as per the SEBI regulation which takes 1 trading day, from the date you place a successful buy order.

How quickly can you sell shares? ›

How long does it take to sell shares? Once your sell order goes through and is completed, there may still be a settlement period before the resultant money lands in your account. Usually this takes two to three days. Be aware that withdrawing this money completely, say to your bank account, can take another few days.

Sell when the share price reaches your target value

If a stock you hold has achieved your objectives – that is, reached a target price that you have set – it could be time to sell and reinvest the proceeds somewhere else. This may take some resilience if it looks like the stock is still going up.

Retrieval of Shareholding Details

Please call our Customer Service Hotline at +65 6535 7511 and select Option 2 after the language option. You will be prompted to key in the SMS OTP sent to your mobile phone number registered with CDP.

To start trading in the Singapore securities market, you need to open a Central Depository (CDP) account.

Able to use different brokerage

As your CDP account is a centralised depository account, you will be able to use any brokerage that allows account linkage to your CDP account. This grants you the option and flexibility to invest on one platform and sell on another without being tied down to a fixed broker.

You may also request a sale by calling Computershare at the telephone number appearing on your statement or transaction advice or by sending a written request to Computershare. A service fee of $15.00 plus a processing fee, currently at $0.12 per each whole share and fraction sold, will be charged for each sale.

You can sell your shares by calling the Computershare automated toll-free number at 1-800-586-1305, logging on to the Computershare site on the Internet at www.computershare.com/investor, or submitting a signed letter of instruction.

Funds transfers are generally cleared within two days or less.

Yes. Before you can sell your CDP holdings through FSMOne, please submit CDP Linkage by logging into your FSMOne account and go to Account Settings > Sell From CDP > click on "Your Linked Account (For Personal Account Only)" in order to submit the CDP Linkage request.

What is the difference between custodian and CDP? ›

In a CDP account, the stocks are held directly under your name, giving you direct ownership and associated rights. In a custodian account, your stocks are held through the broker. You own the shares directly. You will be invited to AGMs and have voting rights.

If you know that the deceased held a Central Depository (CDP) account for investments, the executor or administrator will have to inform the CDP.

All account holders can access their account statements (up to 24 months) and CDP notifications (up to 60 days) via their portfolio (CDP Internet) on SGX Investor Portal or via SGX Mobile app at no charge.

Your login ID will be your CDP Account number. To enjoy this service, you will be required to enter a One-Time-Password sent via SMS to your mobile number registered with CDP.

Procedures and Supporting Documents

Singaporeans/PRs may apply for your Individual CDP Securities Account using Myinfo. The processing time will be 5 business days. For application using online form which requires supporting documents, the processing time will be 10 business days.

Step 1: Obtain share transfer deed in the prescribed format. Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee. Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.

Once you have set up an account with your preferred securities broking firm, they will link up your trading account to your CDP account. Once your trading account has been successfully linked (which may take up to two weeks), you will be able to start trading.

Under this same section, you can also find the details of the account that is linked to your CDP under the Direct Crediting Service (DCS). This is the bank account that your dividends will be paid to. Lastly, you can also turn on the notifications to receive updates from CDP via SMS or email.

CDP Capital Markets

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How do I sell my shares without a broker? ›

Generally speaking, if you held your shares for one year or less, then profits from the sale will be taxed as short-term capital gains. If you held your shares for more than one year before selling them, the profits will be taxed at the lower long-term capital gains rate.

You can buy and sell a stock on the same day, which is known as day trading, but there are certain restrictions which you need to be aware of.

The opening 9:30 a.m. to 10:30 a.m. Eastern Time (ET) period is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to taper off.

Best Days and Months to Trade the Stock Market

Likewise, prices tend to drop in September and then hike again a month later. October is generally positive overall, and prices often go up again in January, particularly for value and small-cap stocks.

Market makers do take the opposite side of a trade, and they may act as a buyer if you are a seller or vice versa. Some firms that offer brokerage services are also market makers. Market makers are there to help facilitate trade so there are buyers and sellers in stocks listed on the major exchanges.

What is the 8-week hold rule in stock investing? The 8-week hold rule, developed by Investor's Business Daily (IBD), states that if a stock gains upwards of 20% within 1-3 weeks of a proper breakout, it should be held for eight weeks, as such stocks often become the market's biggest winners.

Link Asset Services allows you to buy and sell shares in a large number of companies that have Link as their registrar.

Filling out the trade ticket is a quick process: You'll select sell, plug in the symbol of the stock, the number of shares, your order type (and limit or stop price, if applicable) and what's called the “time in force” or order expiration: essentially, how long the order should remain open.

What happens if you can't sell your shares? ›

Typically, this happens in thinly-traded stocks on the pink sheets or over-the-counter bulletin board (OTCBB), not stocks on a major exchange like the New York Stock Exchange (NYSE). When there are no buyers, you can't sell your shares—you'll be stuck with them until there is some buying interest from other investors.

Security sale and acquisition services We charge a fee of 0.66% (inc GST) of the sale value with a minimum of $66.00 (inc GST) to facilitate the sale of securities at the request of individuals.

If you hold 1-10 shares you can sell all of your shares free of charge. You will be charged 0.45% (minimum £15) when selling 11 shares or more which will be deducted from the sale proceeds.

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. The processing time will be 5 business days.

Once you have an account with an online broker, you can usually just log on to its website and into your account and be able to buy and sell stocks instantly.

A public offering is the sale of equity shares or other financial instruments such as bonds to the public in order to raise capital.