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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 12-03-2014, 07:36 AM   #2161
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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.

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.
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Old 12-03-2014, 08:33 AM   #2162
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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.
Good point.

Just to provide an analogy, CDP is like a big "warehouse" where your goods (shares) are kept and you can authorise someone (brokerages) who has access to the warehouse to do the buying and selling for you. You can have many different "someones" but as long as they have access to the warehouse and your "goods" are in it, it is OK.

There are also other smaller warehouses (e.g. SCB's) where your goods are stored but only authorised personnel (i.e. SCB's only) can go in and buy/sell the goods for you.

The first thing when opening up a brokerage is to know which warehouse they use to store your goods. If you happen to have goods in one warehouse but instead ask another someone to go to another warehouse to sell the same goods (which you do not have in there the first place), it will become a short sell.
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Old 12-03-2014, 08:53 AM   #2163
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Good point.

Just to provide an analogy, CDP is like a big "warehouse" where your goods (shares) are kept and you can authorise someone (brokerages) who has access to the warehouse to do the buying and selling for you. You can have many different "someones" but as long as they have access to the warehouse and your "goods" are in it, it is OK.

There are also other smaller warehouses (e.g. SCB's) where your goods are stored but only authorised personnel (i.e. SCB's only) can go in and buy/sell the goods for you.

The first thing when opening up a brokerage is to know which warehouse they use to store your goods. If you happen to have goods in one warehouse but instead ask another someone to go to another warehouse to sell the same goods (which you do not have in there the first place), it will become a short sell.
to add on, over at the smaller warehouse, the shares actually belongs to their authorised personnel, you never know what are they doing with your goods kept inside too

does it sound like cpf
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Old 12-03-2014, 09:28 AM   #2164
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Not that I am aware of but heard can call rm to sell oddlot for you. Try contacting your scb rm ba..
you'll have to sell manually by calling their hotline and pay a fee for it.
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Old 12-03-2014, 03:58 PM   #2165
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For those who use SCB and POEMS platform to trade, which is better?
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Old 12-03-2014, 04:07 PM   #2166
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fees super lesser than poems.
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Old 12-03-2014, 04:50 PM   #2167
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For those who use SCB and POEMS platform to trade, which is better?
people usually trade using scb, monitor with poems
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Old 12-03-2014, 05:04 PM   #2168
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fees super lesser than poems.
people usually trade using scb, monitor with poems
Thanks.

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Old 12-03-2014, 06:48 PM   #2169
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people usually trade using scb, monitor with poems
so cheapo siaa.....
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Old 12-03-2014, 06:54 PM   #2170
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so cheapo siaa.....
you go ahead if you want to fund their new lamborghini.
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Old 14-03-2014, 11:20 AM   #2171
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Just done my first sell with SCB account. Realize that I have to pay 0.2% transaction fee also. It is the same case if using UOB Kayhian?
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Old 14-03-2014, 11:22 AM   #2172
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Just done my first sell with SCB account. Realize that I have to pay 0.2% transaction fee also. It is the same case if using UOB Kayhian?
but no minimun $25 and uobkh is 0.275%

cheers..
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Old 14-03-2014, 11:26 AM   #2173
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Just done my first sell with SCB account. Realize that I have to pay 0.2% transaction fee also. It is the same case if using UOB Kayhian?
scb cheapest liao.. 1 lot sell/buy nv a prob
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Old 14-03-2014, 11:36 AM   #2174
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scb cheapest liao.. 1 lot sell/buy nv a prob
haha Yeah .. I know it is the cheapest liao .. Just didn't know that selling also have to pay charges.

If UOB Kayhian also charge during selling, we really save a hell lot of $$
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Old 14-03-2014, 11:38 AM   #2175
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haha Yeah .. I know it is the cheapest liao .. Just didn't know that selling also have to pay charges.

If UOB Kayhian also charge during selling, we really save a hell lot of $$
there are charges for buying or selling

only no charges for queueing
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