Asked by Anonymous
Asked on 01 Sep 2019
Thinking if it's possible to do so since the fees for Standard Chartered are lower. Thank you!
Nope. SC is a custodian account while DBS deposits to your CDP account. You can sell using FSMOne though! their fees are the cheapest if im not outdated.
Unfortunately you can't as stocks bought using DBS cash upfront are stored in your CDP, whereas stocks bought in your SC trading account are stored in SC custodian account.
However, with that said, FSMOne offers selling of shares at $10 commissions from your CDP, that is what I did for one of the IPO stocks I've gotten. So it's possible to buy using DBS Cash Upfront and sell using FSMOne, both at $10 comms each!
Top Contributor (Dec)
No. The custody of your shares is the key to this. If DBS is holding on to your shares for you (i.e., they are the custodian), then SCB cannot see what you have, and thus you won't be able to sell it.
If SGX is holding on to your shares however, then any CDP linked account can access and sell your holdings.
You need to know where your holdings are kept.
Nope. It is tied to individual banks. Other banks can't see it.
No - it's not possible to just transfer it like that.
No. Standard chartered holds and transacts as your shares under nominee holdings. It is not linked to your own CDP. However you can sell what you bought on DBS vickers via other stock brokerage such as Maybak, UOB etc (BUT not Standard Chartered)
No, it is not possible since they are completely different platforms.
Here is everything about me and what I do best.
No, they are stored in different accounts. You would have to sell off your SGX stocks in your DBs/CDP account first then buy again with your SC trading account.
No, that is not possible.
Standard Chartered is a custodian account and is not linked to CDP.
DBS is linked to CDP.
If you would like to enjoy lower fees for SELLING of shares kept in CDP, you can use FSMONE.