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Old 05-01-2016, 01:06 PM   #46
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Why not SCB?
what I heard is that SCB holds our shares instead of us, and i dont really like that idea.

Any other plus points SCB have over DBS? newbie here
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Old 05-01-2016, 01:21 PM   #47
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what I heard is that SCB holds our shares instead of us, and i dont really like that idea.

Any other plus points SCB have over DBS? newbie here
Actually, every stock brokerage in the world does the same thing bar SG.
And even our local brokerage use custodian when you buy anything outside of SG market.
So if you use DBS to buy US counter, same as SCB liao.

And not much +point other than the huge difference in comms and no other whatsoever fees.
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Old 05-01-2016, 03:16 PM   #48
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what I heard is that SCB holds our shares instead of us, and i dont really like that idea.

Any other plus points SCB have over DBS? newbie here
If you use the cash upfront of most brokerages here, they will be the custodian of your shares as well. Same goes for foreign securities. In fact, CDP itself is like a huge custodian.
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Old 05-01-2016, 05:27 PM   #49
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what I heard is that SCB holds our shares instead of us, and i dont really like that idea.

Any other plus points SCB have over DBS? newbie here
Actually that can be a plus point because companies send a lot of stuff that I don't really need... (e.g. printed annual reports)
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Old 06-01-2016, 05:05 PM   #50
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Actually that can be a plus point because companies send a lot of stuff that I don't really need... (e.g. printed annual reports)
If you use the cash upfront of most brokerages here, they will be the custodian of your shares as well. Same goes for foreign securities. In fact, CDP itself is like a huge custodian.
Actually, every stock brokerage in the world does the same thing bar SG.
And even our local brokerage use custodian when you buy anything outside of SG market.
So if you use DBS to buy US counter, same as SCB liao.

And not much +point other than the huge difference in comms and no other whatsoever fees.
so is it a good thing to have it with us?
and by DBS, does it really mean we have the stocks "in our pocket"? lol
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Old 06-01-2016, 05:37 PM   #51
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so is it a good thing to have it with us?
and by DBS, does it really mean we have the stocks "in our pocket"? lol
Yes, unless you have a super strong belief that SCB or DBSVickers will do a Wolf of Shenton Way and run road with your shares...

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Old 07-01-2016, 09:11 AM   #52
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so is it a good thing to have it with us?
and by DBS, does it really mean we have the stocks "in our pocket"? lol
Unless you wish to go back to the old days where the company literally issue a share certificate with your name and number of shares on it, most of the shares now (99.9%) are in electronic form.
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Old 10-01-2016, 09:53 AM   #53
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Thanks for your inputs guys.

Since its free to open one at scb, i tried doing it online and went through a "test". Failed it and was rejected to open an account. lol
Is this the correct way ?
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Old 10-01-2016, 09:57 AM   #54
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Thanks for your inputs guys.

Since its free to open one at scb, i tried doing it online and went through a "test". Failed it and was rejected to open an account. lol
Is this the correct way ?
we went down in person to open acct de
got pretty mm there one
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Old 11-01-2016, 01:16 PM   #55
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we went down in person to open acct de
got pretty mm there one
lol win liao lor.
anyway, will they ask the same damn thing like what they ask via on9?
those trading experinence or etc
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Old 13-01-2016, 01:35 AM   #56
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lol win liao lor.
anyway, will they ask the same damn thing like what they ask via on9?
those trading experinence or etc
Yes. same.
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Old 14-01-2016, 01:37 PM   #57
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Yes. same.
then no point..will fail anyway. lol
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Old 28-01-2016, 06:24 PM   #58
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Old 29-01-2016, 02:49 PM   #59
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Was wondering, after we placed our order and we have T+3 days to pay for the shares right? If we never pay after T+3 what will happen?
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Old 29-01-2016, 03:04 PM   #60
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Was wondering, after we placed our order and we have T+3 days to pay for the shares right? If we never pay after T+3 what will happen?
Depends on what account you are using, for SCB, you need to fund it before you can buy. For the T+3 type, I suppose your brokers will call you up and extend it for a day or two.
Anything more and I think they would sell your shares and impose a fee. Have to ask Sinkie.
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