Have you ever wondered where your investments are stored after buying them?
Brokerage in Singapore offers investors the option to store their assets in either a CDP or a Custodian account. These are two different types of accounts, with each having a unique set of pros and cons.
Here, we will find out more about the differences between the two accounts and which you should use.
What is a CDP account?
Short for Central Depository, CDP is a depository account under Singapore Exchange (SGX). This account provides a centralised location to safely keep your purchased Singapore-listed securities.
In other words, your CDP account serves as a safe to store all your purchased financial products.
Pros of CDP
