Connect with us

Investing

Watch: Step-by-Step Guide To Opening A CDP Account

A Central Depository (CDP) account allows you to keep stocks that you own, regardless of which broker you use.

 

In order to start investing in companies and other listed securities on the Singapore Exchange (SGX), you first need to open your Central Depository Account, commonly referred to as your CDP Account. It allows you to store your stock investments, as well as other listed securities, in a centralised “vault”.

Watch this video to find out about more about what a CDP Account is and how you can open one in Singapore:

This video was produced as part of a DollarsAndSense.sg collaboration with ForTomorrow.sg, an initiative to get more people to discover, know and take actions to improve your personal finance knowledge.

 

DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Love what you just watched? Subscribe to the DollarsAndSense YouTube channel for more great finance videos!


 
 

Related Articles