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Anonymous

18 Feb 2021

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General Investing

How to sell in DBS Vickers if you bought a stock using "Cash" and not "Cash Upfront"?

1) If I were to buy a stock at 0900hrs using "Cash", can I sell at 0915hrs?

2) And if I were to sell, do I need to tick "Contra" or untick?? Appreciate your answer

DBS Vickers Securities

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Just_Saying

18 Feb 2021

Hi Anon,

This question has been asked before.

Refer to https://seedly.sg/questions/what-is-the-differe...

Basically, if you already have confirmation that your buy order is filled (i.e. you own the shares) but the settlement only happends T+2/3 days later, you can do contra sell to settle only the difference (either gain/loss).

If contra is not ticked, then the settlement of buy and sell will happen and reflected separately on your order/sell invoice i believe. (Im not too sure on this).

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Related Posts

How do I sell stocks that are bought using DBS Vickers cash upfront trades? What is the platform with lowest selling fee?

Hi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account?

I bought some stocks through DBS Vickers using cash upfront. Recently, I sold the same stocks through DBS Vickers too but my brokerage account balance shows negative. Did I do something wrong?

Was trying to sell some stocks which i got using cash upfront today and was prompted to top up my DBS vickers in order to up my sell limit before i am allowed to place the sell order. Why is this so?

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