DBS Vickers Securities
SAXO Capital Markets
Asked on 27 Mar 2020
I accidentally purchased the stocks with the "CASH" account instead of "CASH UPFRONT"
If you purchased with the 'CASH' account then this works like most accounts which are CDP linked; i.e. you need to ensure that you settle on T+2 or else your shares will be force sold.
Depending on how your Vickers account works, this could be a GIRO deduction (ensure enough monies), or you might have to manually transfer funds into your account to settle.
Hey there. Encountered somewhat similar to you and I know how you feel with the limited information out there. Just make sure that you have sufficient money in your linked vickers account-usually it's multi-currency account. Ensure that it is in the right currency as per when you purchase SGD/HKD/USD. You can also call them during office hours at 6327 2288 after some verification they can locate your purchase and advice accordingly. Also I think it might take a couple more days after the deduction before it will be reflected in your CDP. Hope this helps.
28 Mar 2020
Will deduct from your giro. make sure you have enough cash in your bank account.
1 more comments
28 Mar 2020