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Olivia

09 Dec 2020

∙

General Investing

[HELP] How to sell shares in Singapore? Found out I actually owned some as I received an account statement from SGX?

Hi all! I received a letter from SGX. There are some shares and the securities account is linked to iocbc. For this instance how do I go about liquidating them? Who do I contact sgx or iocbc?

Is it possible to sell them online in a similar manner to like td ameritrade?

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Kok Hong

09 Dec 2020

I believe that OCBC brokerage is linked to CDP. In this case, u can sell the shares using your existing OCBC brokerage account. You cannot use TD for this, can only use any brokerage which supports CDP. But u need to fill in some form to link your cdp account to the brokerage account. Fees wise, fsm is the cheapest

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If I am trading stocks and using a nominee account, is there any risk of naked short selling? I have 10 shares of "Stock A". I submit a sell order of 11 shares of "Stock A". Will the order get passed?

Is there any fee for receiving money when I want to transfer a balance from Revolut Singapore to my Singapore OCBC or POSB account as I know there is no fee from Revolut Singapore to transfer money?

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