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

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Old 18-04-2015, 02:36 PM   #3721
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StandChart hold the shares under "Raffles Nominees Pte Ltd".
Raffles Nominees is a direct CDP account holder. so there's no additional layer after them.
Enter order on StanChart -> Credit Suisse (wah, didn't know peasant like me will be able to use CS as broker ) to execute orders as broker -> deliver shares to Raffles Nominees (at least for local shares, foreign shares not sure)
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Old 18-04-2015, 02:39 PM   #3722
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Let's put it this way, every broker in the world uses a custody to hold your shares except SG. If you are worried over this, you can't trade anything except sgx.

This includes all local brokers who trade overseas shares like DBS, OCBC, POEMS etc...
The CDP itself is a custodian for local shares on the SGX...everytime the circular comes around, the proxy form will always state that CDP appoints you as proxy for them...and you-know-who owns CDP...hehe
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Old 18-04-2015, 04:18 PM   #3723
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so SCB uses CS as their prime broker

come to think of it, no wonder they can so easily close down their institutional equities business overnight.

i just checked MAS, SCB dont seem to have a securities trading licence ( or if they have, under some other name?)
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Old 18-04-2015, 05:50 PM   #3724
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so SCB uses CS as their prime broker

come to think of it, no wonder they can so easily close down their institutional equities business overnight.

i just checked MAS, SCB dont seem to have a securities trading licence ( or if they have, under some other name?)
As mentioned somewhere in this forum before, the SCB retail equities will become like a discount brokerage.
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Old 19-04-2015, 12:34 PM   #3725
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so SCB uses CS as their prime broker

come to think of it, no wonder they can so easily close down their institutional equities business overnight.

i just checked MAS, SCB dont seem to have a securities trading licence ( or if they have, under some other name?)
They're not executing or trading shares what, they just take order only, need license meh?

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Old 20-04-2015, 08:48 PM   #3726
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Hi all,

Just wanna check if its possible to trace with SCB using mobile?
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Old 20-04-2015, 09:22 PM   #3727
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Hi all,

Just wanna check if its possible to trace with SCB using mobile?
On android, use request desktop site to trade. No trading app for scb.
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Old 20-04-2015, 10:57 PM   #3728
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On android, use request desktop site to trade. No trading app for scb.
I click on login to online banking it straight bring me to standard chartered breeze le..May I know where to request desktop site?After i Login?
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Old 20-04-2015, 11:03 PM   #3729
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I click on login to online banking it straight bring me to standard chartered breeze le..May I know where to request desktop site?After i Login?
Bookmark this >> https://ibank.standardchartered.com.sg/nfs/login.htm
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Old 23-04-2015, 10:38 AM   #3730
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Called up SCB to request to attend the AGM for Cm Pacific (Apr 30). They called me back a few days later telling me the 'slots allocated' to SCB for the AGM is all full! Has anyone encountered this before? In my opinion, this is a major downside using SCB for trading and custodian for our shares!
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Old 23-04-2015, 11:16 AM   #3731
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Called up SCB to request to attend the AGM for Cm Pacific (Apr 30). They called me back a few days later telling me the 'slots allocated' to SCB for the AGM is all full! Has anyone encountered this before? In my opinion, this is a major downside using SCB for trading and custodian for our shares!
If you intend to hold long term, perhaps you can buy using SCB and transfer to CDP at $10.70, then you will sure be able to attend. I have never attended any AGM using SCB.
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Old 23-04-2015, 11:23 AM   #3732
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If you intend to hold long term, perhaps you can buy using SCB and transfer to CDP at $10.70, then you will sure be able to attend. I have never attended any AGM using SCB.
$10.70 is per counter no matter how many shares?
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Old 23-04-2015, 11:29 AM   #3733
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$10.70 is per counter no matter how many shares?
I have never tried it but I suppose someone here did and can answer you better. Afaik, it's per counter. Don't take my word for it though.

edit:
leelmj wrote:
transfer cost from sc to CDP is SG$10.70 per lot, cap at SG$107 per counter.
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Old 23-04-2015, 11:43 AM   #3734
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$10.70 is per counter no matter how many shares?
I already answered this last week by referring to another earlier post which answered the same question:

http://forums.hardwarezone.com.sg/93...-post3721.html
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Old 23-04-2015, 01:26 PM   #3735
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Hi guys, after selling the stocks, how long does it take for SCB to deposit the money back into my account?
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