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Open a CDP Account
At a Glance
So you’re ready to start investing and you’ve saved up a bit of money… what’s next? To start trading in the Singapore securities market, you need to open a Central Depository (CDP) account.
What’s that? A CDP account, operated by SGX, provides an integrated clearing, settlement and depository facilities for customers in the Singapore securities market, including both equities and fixed income instruments. Simply put, whether you’re buying bonds or stocks, you need a CDP account to proceed.
Got it, now how do I open a CDP account? We’ve got you covered with our simple step-by-step guide.
Step 1: Make sure you have a DBS/POSB savings or current account.
Don’t have one? Pick an account that best suits your needs.
Step 2: Open a CDP account online
And you’re done! Look out for a notification in your post/mailbox when your CDP account is ready to start investing.