Anonymous
How do I transfer DBS Vickers shares from CDP?
I have recently bought some shares using DBS Vickers. However the shares are already transferred to my CDP account. If I sell my shares using DBS Vickers, does my shares in my CDP account get transferred to DBS Vickers and sold automatically? Or do I need to manually transfer the shares to DBS Vickers before I can sell?
If automatically will it be instant or take few hours to be transferred? And if it took few hours, will my dbs vickers be in negative value since the shares are still in CDP?
5
Discussion (5)
Learn how to style your text
Reply
Save
Gabriel
30 Apr 2020
Undergraduate at National University of Singapore
Hey Anon, there is no need to manually transfer your share holdings back to DBS VIckers. Just use your Cash Account to do a Sell transaction, Cash Upfront Account is only for buying. Do check out FSMOne as they charge the lowest fee for selling shares from your CDP. Also, remember to double check your CDP Account to ensure that you do not sell more shares than you own (oversell).
Reply
Save
If the shares are already in CDP, selling "transfer" will be automatic. no need manual.
it is not i...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
DBS Vickers Securities
2.8
88 Reviews
$25
MINIMUM FEE
0.18% to 0.28%
TRADING FEES
CDP
STOCK HOLDING TYPE
Related Posts
Automatic, DBS vickers will take care of it obo you, no fret.
CDP transfer will take about T+2 days