View Single Post
Old 07-06-2011, 12:00 PM   #44
Sinkie
Greater Supremacy Member
 
Sinkie's Avatar
 
Join Date: Jan 2009
Posts: 78,906
although u had "bought" the shares, the shares will be credited/ delivered to SCB instead of CDP.

this means SCB is the custodian of the shares. usually shares bought on SGX are kept in CDP. shares bought from other markets are kept by the brokerage as custodian

you will not be involved with CDP.. all transactions only between u n SCB

now only wondering if the "shares" exists physically or its merely an open position
then who pay the clearing and trading fee?
Sinkie is offline