Advice/help needed:- 5.1% Class B Non-Cumulative Non-Convertible Preference Shares

[Greenrookie]

Dear all forummers,

The weirdest thing happen, my MIL hold quite a significant amt of
5.1% Class B Non-Cumulative Non-Convertible Preference Shares

Which is redeem by OCBC, and supposed to receive the payout payment in 29 July.

Till today, she did not receive her payment! Who can I call to find out? CDP branch??

I am a bit worried for her, as her retirement fund is with this.

Appreciate any advice.

[tanjm]

I got mine directly into my bank account. Perhaps she doesn't have a CDP link to her bank acct and they are mailing the check?

[Greenrookie]

I got mine directly into my bank account. Perhaps she doesn't have a CDP link to her bank acct and they are mailing the check?

er.. she has... weird! She traded more frequently than me haha...

So this is really strange. Where did the money go?

[koh_52]

I got mine directly into my bank account. Perhaps she doesn't have a CDP link to her bank acct and they are mailing the check?

me too, got mine directly bank into my a/c together with the dividend.
good buy wouldn't last long, similar with previous DBS 6% NCPS.

[Muck]

I had a friend got confused by this as well, but I asked and he realized he was holding the OCC5.1% whose option to redeem only takes effect Sep2018. Maybe you might want to confirm with your mum?

[Greenrookie]

I had a friend got confused by this as well, but I asked and he realized he was holding the OCC5.1% whose option to redeem only takes effect Sep2018. Maybe you might want to confirm with your mum?

NO lei, I was the one that checked which is which since she has both...

Checked mailbox also no cheque.

Call OCBC? call broker?? call CDP? Think she no need to sleep liao...

[AlphaQuant]

Till today, she did not receive her payment! Who can I call to find out? CDP branch??

maybe she transacted through SCB or Lim&Tan etc and her shares are not with CDP.

[HitandRun]

I guess that first of all, you have to verify the facts:

1. Check whether your MIL's earlier CDP statement has the counter and the correct number of shares.
2. Check whether the CDP statement indicates the bank account number the she supposed to collect her dividends is registered.
3. If the answer to both questions 1 and 2 are affirmative, you can call CDP up to check with them.

[Greenrookie]

Thanks all for your input,

The mystery is solved. I didn't know we can link 2 bank accounts to CDP, one for dividends, and another for sale.

hahaha, sorry for my silliness

[pianist]

Is this TRUE? Why would one link it this way?