FROM Tuesday, account holders can benefit from two new online services that the Central Depository has rolled out, as part of its digitalisation efforts.
Firstly, individual and joint-alternate account holders will be able to submit their election instruction for scrip dividend election, dividend currency election and takeover acceptance events through the Singapore Exchange investor portal. To do so, users will have to select the relevant event on the investor portal, provide the necessary validation details and submit their election instruction. No login is required.
Secondly, in an effort to go cheque-free, cash distributions will be credited directly into investors' designated bank accounts via the CDP's free direct crediting service . Those without DCS will have their cash distributions reflected in their CDP statements, and upon setting up their DCS, all cash balances will immediately be credited to their bank account.
Source: News Formal (newsformal.com)
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