How to link your CDP account with DBS Vickers Trading account?, Requirements

Link your CDP account with DBS Vickers Trading account

In this article, we are going to see how to link your CDP account with DBS Vickers Trading account. Before that know about “What is CDP account? Why it is important to trade in Singapore?, How to link it with your banking account?”

What is a CDP Securities Account?

A CDP securities account is a type of account that you need to open if you want to buy and own stocks, bonds, and other securities listed on the Singapore Exchange (SGX). This account allows you to keep track of your investments and provides a secure and efficient way to transfer securities between buyers and sellers.

To open a Central Depository (CDP) account before start to trade in the Singapore securities market.

The Central Depository Pte Limited (CDP) is a wholly owned subsidiary of the Singapore Exchange Ltd (SGX), providing integrated clearing, settlement and depository facilities for customers in the Singapore securities market, including both equities and fixed income instruments.

To start trading in the Singapore Market, please follow the steps below to open a CDP account and link it to your DBS Vickers Trading account.

Eligibility

  • Age at least 18 years old.
  • Cannot be an undischarged bankrupt.
  • Must have an existing Singapore bank account

Documents required

To open a CDP account with DBS, to provide the following supporting documents:

  1. NRIC or passport
  2. Bank statement or passbook
  3. Latest CPF statement or a letter from CPF Board confirming your CPF account number
  4. Latest income tax assessment
  5. Tax bill or a letter from IRAS confirming your tax residency status
  6. Utility bill or bank statement

How to open a CDP account and link it to your DBS Vickers Trading account?

  • To open and link CDP account
  • Sign up online here via SGX

To start your application, login with either of these methods.

  • Use my digibank login here
  • Enter your user id
  • Enter pin number
  • Click login

How to use my card and Pin?

  1. Select Identification type
  2. Enter ID number
  3. Enter last 4 digits
  4. Click Authenticate me
  5. To use my card and pin here

link your CDP account with DBS Vickers Trading account

  • Submit your request online to link your DBS Vickers account to CDP
  • Complete the SGX Account Linkage / Revocation Form to link your DBS Vickers account to CDP

CDP Account Opening

Singapore Citizens and Singapore PRs only Sign Up using Myinfo

  • At least 18 years old.
  • CDP Account Opening using Myinfo relies on certain information recorded in Myinfo
  • Update your information in Myinfo.
  • A Singapore Bank Account

Bank account (Individual or Joint-Alternate) must be registered under the same applicant’s name.

If you have a tax residency status outside Singapore, you will need to provide:

  • Country of Tax Residency
  • Tax Identification Number (TIN)
  • Completed Form-(Note: It’s required only for US citizens, green card holders and individuals who are treated as US tax residents. For details, please visit the US Internal Revenue Service).
  • Click “Proceed”.

Mail form to:
Address: DBS Vickers Securities – Static Data Centre
12 Marina Boulevard #10-01
Marina Bay Financial Centre Tower 3
Singapore 018982

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