Opening CDP Securities Account

[arishize]

I am planning to buy the singapore savings bonds when it is released. However, an individual Central Depository (CDP) Securities account is required, which I do not have.

Therefore, i need to open an account. From I know, there are 2 main methods - going to CDP Customer Service Centre personally (which is rather far) or to open a trading and securities accounts together at a broker (i am not interested in investing in stocks or tradable bonds etc though).

Any advice on the more convenient method? And are there any fees in account opening?

Thanks in advance!

 

[teckgamer]

Go to a broker and open... Faster and easier

 

[okiedokie]

which bank are you looking at: dbs, ocbc, hsbc, scb or uob?

just head down to any of the above banks and they will help you with the opening of your cdp acc.. no fees involved

 

[Perisher]

which bank are you looking at: dbs, ocbc, hsbc, scb or uob?

just head down to any of the above banks and they will help you with the opening of your cdp acc.. no fees involved

Scb doesn't help u open a cdp account as they don't use it. All the others does. Go open it, open as many as u like, all is free.

 

[Peekachu]

Is it possible to mail in the documents directly to CDP to open the account?

 

[ston12345]

I doubt you can mail in.

"Applicant must submit the application personally to SGX CDP or through SGX-ST Member Company (Broker).
SGX CDP Customer Service is located at 9 North Buona Vista Drive, #01-19/20 The Metropolis, Singapore
138588. The list of SGX-ST Member Company can be found at SGX website at sgx.com."

 

[neolaw]

They need to see you signing your signature.

 

[Peekachu]

I understand the part about needing to have the signature verified. Was just curious regarding mailing in as I came across this on CDP website.

 

[Bedokian]

Just go to any brokerage to open. If you do not have a CDP account they are glad to open it for you FOC. Poems has many investor centres; we have a resident CIMB broker; or go to those brokerage roadshows in Raffles Place and some shopping centres and tell them "I want to open a brokerage account and CDP account,". Just bring along your IC and have in handy your bank account number.

 

[victorian07]

Go to any Maybank Kim Eng, Phillips Investor Centre to get it done. It's free, and will be up in 2-3 weeks.

 

[VictorvonDoom]

i think there's a broker with CIMB here...

 

[lushiris]

i think there's a broker with CIMB here...

PM Sinkie...

 

[arishize]

so can just go to any banks to open (posb, dbs, ocbc..)?

or need to go to a brokerage?

 

[peterchan75]

so can just go to any banks to open (posb, dbs, ocbc..)?

or need to go to a brokerage?

Need to go brokerage. Most brokerages are owned by bank. It's easy to find brokerage outlet near MRT.

 

[Sinkie]

Good news ! You can now open a CDP account and a Stock Brokerage Account from the comfort of your home!

To open a CDP Securities Account
The applicant must be at least 18 years old and not an un-discharged bankrupt.

For Singaporean/Permanent Resident of Singapore only
Mail in your completed application form, together with supporting documents as listed below to CDP.

9 North Buona Vista Drive
#01-19/20 The Metropolis
Singapore 138588

A Copy of ONE of the following (Front and Back)

• Singapore pink Identification card (NRIC)( Photocopy )
• Singapore Armed Forces ("SAF") Identification card ( Photocopy )
• Singapore Police Force Identification card and passport ( Photocopy )

AND

Original copy or E-statements of ONE of the following,

• Bank statement from any Monetary Authority of Singapore (“MAS”) licensed banks*
• Central Provident Fund (“CPF”) statement*
• Tax return*

*Dated within the last 3 months, which cross-references the particulars in the NRIC:
(Please note that these documents will be retained by CDP)

To open a Brokerage Account
You can either apply online or download, print and fill in the forms found below.

CIMB Securities vs DBSV
http://deluxeforums.hardwarezone.com.sg/64557012-post2.html

Uob Kayhian vs Iocbc
http://deluxeforums.hardwarezone.com.sg/64557028-post3.html

Poems vs Lim&Tan
http://deluxeforums.hardwarezone.com.sg/64557035-post4.html

Kimeng Vs Citibank
http://deluxeforums.hardwarezone.com.sg/64560541-post5.html

RHB Securities vs KGI AMFraser vs Standchart
http://deluxeforums.hardwarezone.com.sg/64560559-post6.html

 

[Sinkie]

Go The Central Depository
#01-19/20 The Metropolis, 9 N Buona Vista Dr, Singapore 138588
6535 7511

 

[Project_Xco]

I happen to open a CDP account today at this place. Just give your NRIC and mentally remember your bank account number (no need bank passbook). The account will be opened instantly.

I was informed by CSO that you can mail in. But it will take longer like 1 week. So if you are not in a rush, you can consider this option.

Go The Central Depository
#01-19/20 The Metropolis, 9 N Buona Vista Dr, Singapore 138588
6535 7511

 

[Sinkie]

I happen to open a CDP account today at this place. Just give your NRIC and mentally remember your bank account number (no need bank passbook). The account will be opened instantly.

I was informed by CSO that you can mail in. But it will take longer like 1 week. So if you are not in a rush, you can consider this option.

Interesting, they just changed the rules?

 

[arishize]

I happen to open a CDP account today at this place. Just give your NRIC and mentally remember your bank account number (no need bank passbook). The account will be opened instantly.

I was informed by CSO that you can mail in. But it will take longer like 1 week. So if you are not in a rush, you can consider this option.

really can mail in? anyone tried before?

 

[tomicaguy]

A bit confused about SGX direct. Do they open on Sat morning?

From the website, seems like need to book appt?