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Old 09-04-2015, 10:58 PM   #3697
Shiny Things
Supremacy Member
 
Join Date: Dec 2009
Posts: 8,995
Hello,

Sorry. Not trying to scare people or sth.

Just a question about SCB online trading platform. I understand that the custodian is SCB itself so SCB will hold our shares. If Stand Chart goes down like lehman brothers, what happens to our shares?

EDIT: Okay nvm. Found the answer here.
http://forums.hardwarezone.com.sg/st...4945607-4.html
No. No no no no no. That article is 100% wrong. It's so wrong the authors ended up being ordered to pull it down.

The shares are held in a ringfenced subsidiary, so Stanchart can't touch them. If Stanchart went down, which is not going to happen anyway, then the subsidiary would hand the shares over to you. Shares in Stanchart are as safe as cash in Stanchart - maybe even safer.
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