13-05-2014, 12:13 PM
You may get some useful info here : http://www.valuebuddies.com/thread-1409.html
Specuvestor: Asset - Business - Structure.
13-05-2014, 12:13 PM
You may get some useful info here : http://www.valuebuddies.com/thread-1409.html
Specuvestor: Asset - Business - Structure.
13-05-2014, 01:22 PM
When Lehman Brothers busted, what happened to people's custody trust accounts?
i suppose it will be the same with SCB? So google and see what really happened to Lehman Brother's custody trust accounts. And since you can only trade through SCB...hmmmm????
WB:-
1) Rule # 1, do not lose money. 2) Rule # 2, refer to # 1. 3) Not until you can manage your emotions, you can manage your money. Truism of Investments. A) Buying a security is buying RISK not Return B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return. NB:- My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
13-05-2014, 01:25 PM
I had use SCB online trading since day 1 that it's available.
Regarding the "slow", this is what I had experienced. #1. Most of the time, it takes sub-1 second the moment I pressed the <confirm> button and then it appears in says "limtan" screen. Hence, I deduced that no-human/trader re-key/entry of price into SGX queue. #2. I encounter 2 times that after I pressed <confirm> button, it does not appear in "limtan" screen. I double confirm the status of my bid is "ack" so not sure what had happened. I called up SCB and they asked me to clear my cookies, change proxy etc. After one hour, they suggest that I can called their corporate trader and manually submit for me. Most of the time, calling them will incurred BIG charges but for these two incidences, they can waive for me. I use SCB mainly because of the low commission otherwise ... Love Compassion
13-05-2014, 10:51 PM
(13-05-2014, 04:54 AM)D.L Wrote: Hi Buddies, If your purpose of opening a SC account for overseas trading, I don't see how different is it from Philips since the shares will be held by Philips as custodian. Only SGX stocks will be kept in CDP.
14-05-2014, 06:23 AM
Personally, I don't find it slow at all. I don't think it's any different from other platforms. To me a few seconds difference is not going to matter or kill me, unless you are trader
14-05-2014, 08:36 AM
Read carefully, with SCB account, you DONT own the shares.
14-05-2014, 09:21 AM
I found two SCB threads. It may be beneficial to merge them, for ease of reference. Please take note
A reminder, please do a search for related thread, before starting new thread. You doubt might already be answer by existing thread. Regards Moderator
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
14-05-2014, 03:55 PM
(13-05-2014, 01:22 PM)Temperament Wrote: When Lehman Brothers busted, what happened to people's custody trust accounts? IIRC, there is also S$50k SDIC insurance for non-cash deposit, suppose is for the custodian right?
14-05-2014, 05:17 PM
Dont think so. If I am not wrong SDIC only covered all deposits account (excl foreign currency deposit acc) tentatively, I don't think so investment is being covered.
14-05-2014, 05:24 PM
(14-05-2014, 05:17 PM)D.L Wrote: Dont think so. If I am not wrong SDIC only covered all deposits account (excl foreign currency deposit acc) tentatively, I don't think so investment is being covered. Yup you are right!! Quote:Singapore dollar deposits of non–bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. |
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