How does buying vanguard s&p 500 etf (VUSD ireland-domiciled) work if I buy through standard chartered trading?

U can just need 1 sgd savings account, e.g. Esaver, and 1 securities settlement account per currency. U need to prefund the settlement account before you can place an order.

1. Need a normal saving account with bank, in SGD or any currency u prefer.

2. Yes securities and settlement account is for their brokerage. Cos the shares is kept by them.

This is how u buy from SCB.

First u transfer cash from saving account to settlement account for USD or GBP (cos u buying the ETF in that currency)

Then u go into brokerage to buy. It will deduct the cash from the settlement account.

Then u check the securities account can see your portfolio holdings after few days.