Anonymous

17 Nov 2019

∙

Is there a way for Singaporeans to be a rightful owner of a foreign stock (e.g. HK, or US)?

Understand that SGX CDP only applies to local SG stocks. Thanks!

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Elijah Lee

17 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

You will have to open a trading account in a foreign jurisdiction: This will not be easy. In Singapore, foriegn shares are mostly held under custody.

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Kelly Trinh

17 Nov 2019

Backoffice technical at financial services firm

Hi Anon,

Just wanting to understand more - any reason why you are looking into this; each jurisdiction is going to be have different entities (DTCC in US; CCASS in HK) and each would have its own rules and regulations. Is it a cost issue or concerned about exercising voting rights / other?

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