bazingaman
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- Sep 9, 2013
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Another item to add on top of this is, if the shares are with CDP, one can use "any broker" to sell. i.e. not only SCB but POEMS or Vickers or anyone.
But with SCB being the custodian, you must go through them.
But with SCB being the custodian, you must go through them.
I would say it is more of a perception by most traders and investors here.
CDP has been around for so long, and it has been associated with SGX, therefore it is perceived to be safe. To some, the very thought of shares being held by someone else other than CDP is considered "unsafe", and furthermore global banks had taken the flak due to the Great Recession period of 2008-2009.