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confusing paperwork from CDP

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ts1978
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confusing paperwork from CDP

Postby ts1978 » Tue, 15 Jan 2013 11:31 pm

Hey all,

Help from anyone who's been through this process would be appreciated!

I'm opening, simultaneously, a CDP account and an account with a stock brokerage in Singapore (these are already linked).

I've already received my brokerage log-in info and my CDP log-in info by post. But today I got a weird one:

It's a "CDP Phone and CDP Internet Service Application" form. One of those small perforated envelopes that banks use to send you a new PIN code. There's a few fields to fill out but absolutely no indication of what it's for (they've already sent me the log-in info) or what I should do with it (e.g. where to send it or return it).

Does anyone know what this is for?

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JR8
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Postby JR8 » Wed, 16 Jan 2013 4:24 am

Pardon my ignorance, but what is CDP?

ts1978
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Postby ts1978 » Wed, 16 Jan 2013 7:48 am

JR8 wrote:Pardon my ignorance, but what is CDP?


It's the Central Depository linked to the SGX (the local stock market).

It provides clearing, settlement, depository services for equities traded on SGX.

bioshock
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Postby bioshock » Sun, 10 Mar 2013 11:43 pm

Dear TS1978.

You really need to physically travel down to SGX and ask for help directly.

If not, please approach any securities department of any local bank and they would be happy to help you.


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