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Anonymous
For those with DBS shares, what's your method of buying? Do you buy through DBS vickers so that it will be held in your CDP?
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Sharon
31 Jul 2020
Life Alchemist at School of Hard Knocks
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Billy
31 Jul 2020
Development & Acquisitions Manager at Real Estate Private Equity
Not really certain of the intent in asking this question but there are 2 main ways that you can buy DBS stocks - through a custodian account (i.e. Stanchart) or through a CDP-linked brokerage account (i.e. DBS vickers). I use the latter for my trades.
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Whether it's DBS or some other companies shares, I will buy via DBS Vickers Cash UpFront ($10 commision per trade + SGX Clearing Fee + GST etc.). Yes, the stock will be held in your CDP.
However if you plan to get share financing (i.e. margin trading), then DBS will not allow you to do that on their stock 😏
Here's their list of marginable securities:
https://www.dbs.com.sg/iwov-resources/pdf/loan/...