12 May '18, 11pm

"CDP vs Custodian Account? Which should I use and why?" via

< BACK TO MAIN BLOG 12th May 2018 Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here . Note: We do not do sponsored content, so all opinions are of our own. I am personally using DBS Vickers because the brokerage fees are competitive, but I was considering using Standard Chartered (SC) because it has lower brokerage fees. Editors Note: I did my comparison with the help of this Seedly article , hopefully, this will help you too. With my understanding, the DBS Vickers holds my holdings in the Central Depositary account (CDP), whereas SC holds my holdings in their Custodian account. So…what’s the difference, you may ask? We have also been getting the same few questions on our #SeedlyQnA . What is the difference between a CDP account and a Custodian account? Why do I need a CDP/ Custodian account? What

Full article: http://thefinance.sg/2018/05/12/cdp-vs-custodian-account-...

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