facebookFor OCBC Blue Chip Investment Plan, what does it mean by "Stock dividend or bonus issues will be safe-kept with OCBC Securities Pte. Ltd, as appointed by OCBC Bank"? - Seedly

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Anonymous

08 Jun 2020

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General Investing

For OCBC Blue Chip Investment Plan, what does it mean by "Stock dividend or bonus issues will be safe-kept with OCBC Securities Pte. Ltd, as appointed by OCBC Bank"?

Discussion (4)

What are your thoughts?

Hello! This would mean that the stock will be kept with OCBC Securities and not with your CDP account. In other words, your stocks are held in custody and not under your name. Therefore, it might be challenging for you to attend an Annual General Meeting.

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