The Central Depository (Pte) Limited (CDP) is a wholly owned subsidiary of Singapore Exchange (SGX) and provides integrated clearing, settlement and depository services for customers in the Singapore stock market.
All SGX-listed securities need to be held in the CDP. The CDP is regulated by the Monetary Authority of Singapore (MAS) and its purpose is to safeguard you against any brokerage failure.
It acts as a safety net where you can securely park any stocks, bonds or any securities listed on SGX that you own, including Singapore Government Securities such as the Singapore Savings Bonds.
Your SGX-listed securities with Syfe Trade are in a CDP sub-account created for you
The SGX-listed securities you invest in on Syfe Trade are held through a sub-account that is created for you. Syfe works with a SGX approved broker to execute its SGX-listed trades, our broker is also a CDP-approved depository agent and maintains these sub-accounts directly with CDP...