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Anonymous

03 Feb 2020

∙

General Investing

What's the difference in selling with and without contra when using DBS Vickers?

On 30/01 I bought a counter in DBS Vickers using Cash and since I was making a loss, I sold the shares on 31/01 using Sell Contra.

Am I doing the right thing? When will it debit from my account? Debit the difference of loss or full amount?

What if I chose Sell without contra? Any difference?

DBS Vickers Securities

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Alvan Ng

02 Feb 2020

Are you selling your holdings or selling contra? To my understanding selling your holdings on vickers will always reflect as sell contra, within 2 working days they will debit it from your CDP account.
You have to check if the amt of stocks bought vs sold tally, as you may end up shorting, which then you have a limited number of days (3 i believe) to stop short if not you will kena fine.

Best is to call vickers, their customer service quite fast

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Related Posts

Hi Gurus, newbie here. I'm using DBS Vickers. What is the difference between 'sell' & 'sell contra'?

Hi Gurus, newbie here. I'm using DBS Vickers. What is the difference of 'sell' & 'sell contra'?

Im usually sell using DBS Vickers acc. Can i check FSMOne is it a legit company? And if today i buy share using DBS Vickers and the shares are not credited to CDP yet. Can i sell using FSMOne today?

Hi experts.. if I buy share using cash upfront from dbs vicker yesterday. Can I sell the share today using sell option even though the share not credited to cdp yet?

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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