facebookWhat happens to my shares if I stop or cancel my OCBC BCIP? - Seedly

What happens to my shares if I stop or cancel my OCBC BCIP?

Will my shares be automatically sold? Or will I still have them in my account and continue to get the dividends?

Discussion (1)

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Elijah Lee

29 Oct 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

No. Your shares will still stay under OCBC custody if you stop your BCIP. However, if you close the account, they will have to move it out from the account, it can be to CDP, or another brokerage firm acting as a custodian.

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