Yes, you can trade anytime after we have received your USD/HKD bank draft. There is no fee involved for equities transfer in. Alternatively, we can deposit the cheque to your registered bank accounts*. Currently, DBS checks can be acquired by paper applications and online. Securities traded via the SGX are held at the Central Depository (CDP). For your non-SGX trades, DBS Vickers will provide you with a monthly statement summarizing your non-SGX trades.
Using HSBC Bill Payment Service, you are NOT required to notify us of your transfer details. Please note that interest may be charged on late payment. GIRO is available to DBS/POSB account holders. How do I amend my settlement option from CPF to cash and vice versa? All the stocks listed in the Stock Exchange of Hong Kong ("SEHK") in both our Cash and Margin accounts are kept in Central Clearing and Settlement System ("CCASS") under the name of DBS Vickers (Hong Kong) Limited. Foreign MarketsAll sales proceeds will be kept in trust in your online trading account according to the settlement currency that you have chosen. All stocks listed in the U.S. and Canada are kept in Pershing LLC in the U.S. under the name of DBS Vickers Securities (Singapore) Pte Ltd for Singapore account holders and under the name of DBS Vickers (Hong Kong) Limited for Hong Kong account holders. We will verify the name and signature on the certificate. PLJF1002002. The national average is approximately 14 days for an Enhanced Disclosure, although this figure can vary significantly. For GIRO clients, Singapore Dollar sales proceeds will be credited to your bank account on Settlement Date + 1 market day.
If I buy non-SGD denominated stocks in Singapore market, what currency do I settle in? Alternatively, you can access your account information online. A recent report to parliament flagged up the issue that there were significant backlogs at some points in the system, mainly in the police force checking part of the process.
What does a DBS Check show? Unless you indicate otherwise, you are required to settle your trades in their base currencies. A/C No. After the clearing of the physical share certificate, you can then place a sell order for the share. You can notify us by phone, fax or online. How long does it take to get a Disclosure?
The DBS give no preference to certain Umbrella Bodies to enable checks to be carried out more quickly. What happened to CRB … For beneficiary account PTX-001002-2 with Pershing LLC.
Please go to Funds Deposit in Help Menu for more details. How are dividends and other corporate actions managed? You can either deposit the required currency to your account by the settlement date or instruct us to convert other currencies in your DBS Vickers online trading account to settle the trade when you place the order. Finally, once the application has been processed, the Disclosure needs to be printed and sent to the relevant recipients.
Sign the 'Standing Instruction' form addressed to your CPF agent bank.
Therefore, the turnaround time can range from 1 working day to several months in exceptional cases. A/C No. You must make payment before the end of the Due Date. The daily cut-off time for a FX instruction is 2:30pm and 3:30pm respectively for Hong Kong accounts and Singapore accounts. However, you will receive Election Forms from us via mail for voluntary corporate actions such as rights issue, take over, and dividend with scrip option.
With our online system your DBS checks are likely to be processed quicker – our average turnaround time for all DBS … Cheques can be requested to be mailed to your registered address or you can pick up at our office.
For accounts opened after 15 January 2018, please refer to the FAQ here. Equities : Hong Kong Code: CCASS B01762Beneficiary name: DBS Vickers (Hong Kong) Ltd. Equities : Singapore Code: CDP 22911688249Beneficiary name: DBS Vickers Sec (SG) Pte Ltd. a/c DBS Vickers (HK) Ltd. Sub a/c 342329, Equities: United States (applicable to Hong Kong account holders)Code: DTC - 443Beneficiary name: Pershing LLC. The national average is approximately 14 days for an Enhanced Disclosure, although this figure can vary significantly. You can settle all your trades from different markets in Hong Kong, Singapore, U.S., Canadian and UK dollars. How can I transfer my account from another firm? We offer true online processing, making your life a little easier.
To avoid these delays, it is recommended to use a trusted DBS service rather … PLJF1002002. What can I do if I want to amend my funds deposit details? The change will come into effect from today, 24 March 2020. The funds will be available on the settlement date and you can withdraw the money as long as there is no outstanding amount due to us. SGX MarketIf you have selected the trade you have sold to be settled in foreign currency, all sales proceeds will be kept in trust in your online trading account according to the settlement currency that you have chosen. When is the cut-off time? You may also obtain the form at our Customer Centre. You can deposit funds into your DBS Vickers Hong Kong account at all branches of the following banks: Cheques must be drawn on banks in Hong Kong and made payable to "DBS Vickers (Hong Kong) Ltd." Please deposit your cheque into the relevant accounts shown above. Please note that we only accept drafts that are drawn on a local bank.