You need to:
You need to:
If you have chosen CPF/SRS as the settlement mode, your CPF/SRS agent bank will be notified of the request. Your request will only be considered complete if your CPF/SRS agent bank approves the transaction based on their criteria. Please contact your CPF/SRS agent bank for more information on the approval criteria.
For buy transactions
When the contract has been accepted by the CPF/SRS agent bank, funds will be debited from you CPFIS/SRS account and the shares will be deposited into your CPFIS/SRS account on settlement date.
For sell transactions
When the contract has been accepted by the CPF/SRS agent bank, the sales proceeds will be credited into your CPFIS/SRS account and the shares will be debited from your CPFIS/SRS account on settlement date.
Clients are reminded to check their shareholdings and funds in their SRS accounts before selecting SRS as the settlement mode. If you need to amend your settlement mode from SRS to Cash or vice versa, kindly note that amendment of settlement option is only allowed on the Trade Date before 5.30pm.
Exception applies for amendment of cash sell trade to SRS. Amendment of settlement mode from cash to SRS on Trade Date + 1 is subject to approval and late charges by the SRS Agent Bank.
The CPF/SRS agent bank will inform DBS Vickers of rejected cases and our staff will contact you if such cases arise. Your trade will be changed to an ordinary cash trade.
For buy transactions
Funds will be debited from your Multi-Currency Account (MCA).
For sell transactions
If you hold sufficient shares in your CDP securities account, the shares will be debited from your CDP securities account on settlement date. However, if you hold insufficient shares on the settlement date, a “buy-in” will be conducted by SGX to cover the “short-sell” position.
If you hold sufficient shares of the same counter in your CDP securities account, the shares will be debited from your CDP securities account on settlement date. However, If you hold insufficient shares in your CDP securities account, a “buy-in” will be conducted by SGX on settlement date to cover the “short-sell” position.
Please exercise caution when placing orders through CPF/SRS settlement mode.