Kelvin

09 Mar 2021

∙

General Investing

When will the stocks sold on DBS Vickers linked to my CDP account be settled?

I have the underlying stock and wanted to sell. Order is filled already but it still shows as a negative balance on my Vickers account. Shares still present in my CDP account and not transferred to Vickers? Will shares from my CDP account be automatically transferred and that balance becomes net zero soon?

DBS Vickers Securities

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Png Chen Wei

09 Mar 2021

Hi, since you have the underlying stock in your CDP account. The stock will be credited from your account in T+2 working days.

So for example if you sold it today, it will be deducted from CDP 2 working days from today, which is Thursday.

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DBS Vickers Securities

2.8

88 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

Related Posts

If I have yet to link my cdp account to dbs vickers, can I still buy SGX stocks on dbs vickers?

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?

Can I still open a DBS Vickers account to invest in foreign stock exchange even though I do not have a CDP account open? Are there any things that I will need to show/ conditions that I will need to know before opening?

Would dividends from my stocks get credited into my CDP DCS bank account OR get credited back into my DBS Vickers Multi-Currency account?

Am I able to sell/trade stocks before it goes to the CDP account (SGX), which is still with my brokerage account (DBS Vickers)?