31-08-2011, 10:02 AM
hi,
i want to share some of the findings i have discovered regarding SCB trading platform.
1. SCB is the custodian of any shares purchased thru their platform. CDP will not be. Any shares held under CDP will not be able to be sold thru SCB. You can transfer the CDP shares to SCB account.
2. AR will be mailed to you by SCB. If you need to attend AGMs, you will need to call SCB to make arrangements. All dividends will be deposited into your SCB account.
3. You will need to have sufficient funds in your trading account before you can buy anything. But it will be deducted on T+3.
Would be glad to hear from forumers on point no 1. The only downside risk is that SCB collapses. What will happen to all the shares held by them?
i want to share some of the findings i have discovered regarding SCB trading platform.
1. SCB is the custodian of any shares purchased thru their platform. CDP will not be. Any shares held under CDP will not be able to be sold thru SCB. You can transfer the CDP shares to SCB account.
2. AR will be mailed to you by SCB. If you need to attend AGMs, you will need to call SCB to make arrangements. All dividends will be deposited into your SCB account.
3. You will need to have sufficient funds in your trading account before you can buy anything. But it will be deducted on T+3.
Would be glad to hear from forumers on point no 1. The only downside risk is that SCB collapses. What will happen to all the shares held by them?