SGX Market
If you have selected the trade you have sold to be settled in foreign currency, all sales proceeds will be kept in trust in your online trading account according to the settlement currency that you have chosen.

For NON-GIRO clients, sales proceeds will be paid on Settlement Date. For GIRO clients, Singapore Dollar sales proceeds will be credited to your bank account on Settlement Date + 1 market day.

Foreign Markets
All sales proceeds will be kept in trust in your online trading account according to the settlement currency that you have chosen.

The funds will be available on the settlement date and you can withdraw the money as long as there is no outstanding amount due to us.

* For sale transactions to be settled with physical share certificates, we may hold the funds until the Registrar has verified your signature, and this may take up to ten business days.

Please note that certain Canada counters are settled on T+1.

For Singapore accounts

You can settle your Singapore market trades through GIRO, EPS and DBS Internet/Phone/Wireless Banking. For trades in other markets, please transfer funds telegraphically from your bank account to your DBS Vickers online account through DBS Bank accounts as follows:

After making deposits to the above accounts, please write down your name and DBS Vickers account number on your pay-in slip and fax it to us at (65) 6226 8068.

You can either deposit the required currency to your account by the settlement date or instruct us to convert other currencies in your DBS Vickers online trading account to settle the trade when you place the order.

Unless you indicate otherwise, you are required to settle your trades in their base currencies. You can settle all your trades from different markets in Hong Kong, Singapore, U.S., Canadian and UK dollars. We accept instructions by phone or fax with effective signature to complete a foreign exchange (FX) for settlements. The daily cut-off time for a FX instruction is 2:30pm and 3:30pm respectively for Hong Kong accounts and Singapore accounts. Euro dollar deposit is accepted for UK trading.

You can give us your withdrawal instruction by fax or phone.

Fund withdrawal in CAD needs to be done by remittance and there will be bank charges involved. For the day of withdrawal, please give instructions on withdrawal before 11:30 am. 

For Singapore Account, funds denominated in Singapore Dollars will be directly credited to your bank account if GIRO or EPS is appropriately set up. For same day withdrawal, please give us your instructions before 9.30am. 

For all equities except Singapore shares, simply fill in the "Equities Transfer-in Form" and return the signed form to us together with a copy of the latest statement from your broker. At the same time, please instruct your broker or custodian bank to deliver shares as per the following:

Singapore account holders can link your CDP Securities Account to your DBS Vickers online account, and no transfer is required. Please note DBS Vickers does not accept transfer in of low-priced securities, US OTC counters and Marijuana-related securities. For other types of transfer, please call our Customer Service Line at (65) 6327 2288 for details.

There is no fee involved for equities transfer in.

Hong Kong account holders will receive a Daily Consolidated Statement whenever there is a transaction in your trading account. Monthly statements will be sent to you within the first seven days of each calendar month, showing the cash balance and all stocks, bonds and mutual funds holdings in your account and all your transaction activities within the previous month. Alternatively, you can access your account information online.

Singapore account holders will receive contract notes and statements directly from CDP for their SGX trades - a contract statement after each trade, a month-end statement if you have transacted during the month as well as a quarterly statement stating their SGX securities holdings. For your non-SGX trades, DBS Vickers will provide you with a monthly statement summarizing your non-SGX trades.

For all equities except Singapore shares, simply fill in the "Equities Transfer-in Form" and return the signed form to us together with a copy of the latest statement from your broker. At the same time, please instruct your broker or custodian bank to deliver shares as per the following:

Equities : Hong Kong
Code: CCASS B01762
Beneficiary name: DBS Vickers (Hong Kong) Ltd.

Equities : Singapore
Code: CDP 22911688249
Beneficiary name: DBS Vickers Sec (SG) Pte Ltd. a/c DBS Vickers (HK) Ltd. Sub a/c 342329

Equities: United States (applicable to Hong Kong account holders)
Code: DTC - 443
Beneficiary name: Pershing LLC. A/C No. PTX-001002-2 in the name of DBS Vickers (Hong Kong) Limited Online Single Account Agent

Equities: United States (applicable to Singapore account holders)
Code: DTC - 443
Beneficiary name: Pershing LLC. A/C No. JLN000017

Equities: Canada (applicable to Hong Kong account holders)
Code: CUID - COMO
Beneficiary name: CIBC Mellon. A/C No. PLJF1002002. For beneficiary account PTX-001002-2 with Pershing LLC. in the name of DBS Vickers (Hong Kong) Limited Online Single Account Agent

Equities: Canada (applicable to Singapore account holders)
Code: CUID - COMO
Beneficiary name: Pershing LLC. A/C No. JLN000017

Singapore account holders can link your CDP Securities Account to your DBS Vickers online account, and no transfer is required. Please note DBS Vickers does not accept transfer in of low-priced securities, US OTC counters and Marijuana-related securities. For other types of transfer, please call our Customer Service Line at (65) 6327 2288 for details.

There is no fee involved for equities transfer in.

All the stocks listed in the Stock Exchange of Hong Kong ("SEHK") in both our Cash and Margin accounts are kept in Central Clearing and Settlement System ("CCASS") under the name of DBS Vickers (Hong Kong) Limited.

All stocks listed in the U.S. and Canada are kept in Pershing LLC in the U.S. under the name of DBS Vickers Securities (Singapore) Pte Ltd for Singapore account holders and under the name of DBS Vickers (Hong Kong) Limited for Hong Kong account holders.

Securities traded via the SGX are held at the Central Depository (CDP).

These are the various options:

• For payment in Singapore Dollars only
• Automatic Payment (Direct Debit and Credit Authorisation for Transactions) or GIRO
• Electronic Payment System (EPS)
• Cash
• CPF Funds

You must make payment before the end of the Due Date. In SGX, Due Date is T+2. The cut-off time for payment on Due Date is 6:00 p.m. for cash payments and 8:00 p.m. for EPS payment. Payment made via the Online Bill Payment Facility on www.dbs.com should be no later than 11.00 p.m on the Due Date.

Please note that interest may be charged on late payment.

Automatic Payment or GIRO is a direct debit and credit facility which is available to all DBS/POSB bank account holders. It is the most convenient way to settle your trade. When you buy or sell shares online, the payment will be directly debited from or credited to your designated bank account between 12 midnight and 7:00 am on Due Date + 1.

To activate this, please fill in the "Automatic Payment (Direct Debit and Credit Authorisation for Transactions)" application form and send it to us, marked for Attention: Operations Department. You may also obtain the form at our Customer Centre. Please fill in your personal particulars, including your bank account number. The application will take about 2-3 weeks to process.

You may use your CPF funds to trade. You need to:

1. Have a valid CPF Investment Account. Please ensure that your CPF Investment Account records with the agent bank and with us are updated. Please contact our Investment Service Centre at (65) 6327 2288, if you need to update your account details.
2. Sign the 'Standing Instruction' form addressed to your CPF agent bank. (Your CPF agent bank must have received your 'Standing Instruction' form for your trade to be settled by CPF)
3. Choose the "CPF" option as the settlement mode on the Order Entry screen. Please note that the settlement currency for CPF trades must be in Singapore Dollars to prevent failed trades. Please ensure that you have sufficient funds and limit before choosing this option. When you choose to settle via the CPF mode, your agent bank will settle your trade with us using your cash and shares in your CPF investment account. Your CPF trade will be changed to an ordinary cash trade if it fails to settle with your CPF agent bank.