Hi, I note that Direct Crediting Service for foreign currency (such as USD or EUR) is not available and we should perform currency conversion service. Should we or wait for DCS for foreign currency?

Where in my Cdp account can I check my Cdp foreign currencies Trust Balance

Hi Christopher, you can still withdraw the foreign currency you have if you don'rtwant to use the Currency Conversion Service. You may request for a one-time telegraphic transfer (TT) to any designated bank account. Please note there is fee of S$35 (subject to prevailing GST) in addition to applicable receiving bank charges per TT transaction, which is quite expensive actually.

So it will be better for you to accumulate maybe to around $3500 of dividends in foreign currency (Assuming 1% loss due to SGX exchange rate vs the $35) before you apply for the transfer. If not, it will be better to use the CCS.