Hi, may I know what is the reason that the rights issue that I am entitled to isn’t reflected on DBS vickers and is reflected on SGX instead?

Hi anon,

Vickers is merely an intermediary where you bought the shares from. As you mentioned, your shares are now residing in CDP and any rights action must be applied via the bank account that your CDP DCS (direct crediting service) is linked to, at their ATM. This could be another bank such as OCBC or UOB. Vickers would not know a thing about what you have in CDP. They only know what was transacted using their platform.

This is why you can buy shares on UOB Kay Hian and sell via POEMS. The custodian (CDP) is the key entity to know what your holdings are.

It may be because your original shares were bought through your broker DBS vickers hence they have a record of the transaction in the system however the rights issue were a corporate action not a transaction hence your broker did not automatically record it. Do check with your broker to see if they rectify your records to give you the most accurate reflection of your portfolio.​​​