what happens when we get to choose between scrip and dividends? do we get a letter with a form, as how it is with cdp?
to answer my own question, this is from scb's faq:
"Will I be informed of any corporate actions?
The Bank will NOT notify you of mandatory corporate action events.
The Bank will notify you of any voluntary corporate actions via SMS. You will also receive a notification letter. For voluntary corporate actions with "Take cash" options, if you choose to receive cash the cash proceeds will be credited to your Securities Settlement Account and will be reflected in your monthly consolidated statement. If you choose to receive shares, it will be reflected in your Online Trading Account. Please note that due to our nominee structure, the shares/cash proceeds will only be credited to your account after pay date or upon receipt of payment confirmation from the custodian (whichever is later), and the shares/cash proceeds will be reflected in your account only after the shares/cash proceeds have been credited to your account. Thus you will only be able to sell these shares after the shares have been credited to your account. In the event that you end up in a short sell position (as a result of insufficient securities for your sell orders in the event there is a delay in updating your securities holdings following a corporate action adjustment), we reserve the rights to adjust your holdings and perform a buy-back on your behalf accordingly."