Categorized | Beginning Online Trading, CDP

Documents needed and procedures for opening a CDP account

A. Procedures and Supporting Documents

Complete the application form on your computer and sign on the printout copy. Mail in the signed copy, together with supporting documents as listed below to CDP.

Nationality Supporting Documents Required
Singaporean
  • Singapore pink Identification card (NRIC)( Photocopy )
    OR
  • Singapore Armed Forces (“SAF”) Identification card ( Photocopy )
    OR
  • Singapore Police Force Identification card and passport ( Photocopy )

AND
Original copy or electronic copy of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:

  • Bank statement from  any Monetary Authority of Singapore (“MAS”) licensed banks

OR

  • Central Provident Fund (“CPF”) statement

OR

  • Notice of tax assessment

(Please note that these documents will be retained by CDP)

Permanent Resident of Singapore
  • Singapore blue Identification card (NRIC)( Photocopy )
    OR
  • Singapore Armed Forces (“SAF”) Identification card and passport( Photocopy )
    OR
  • Singapore Police Force Identification card and passport( Photocopy )

AND

Original copy or electronic copy of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:

  • Bank statement from  any Monetary Authority of Singapore (“MAS”) licensed banks

OR

  • Central Provident Fund (“CPF”) statement

OR

  • Notice of tax assessment

(Please note that these documents will be retained by CDP)

Malaysian
  • Malaysia Identification card( Photocopy)

AND

  • Original copy or electronic copy of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:
  • Bank statement from  any Monetary Authority of Singapore (“MAS”) licensed banks

OR

  • Notice of tax assessment

(Please note that these documents will be retained by CDP)

Other Nationality
  • Passport( Photocopy )

AND

  • Original copy or electronic copy of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:
  • Bank statement from  any Monetary Authority of Singapore (“MAS”) licensed banks

OR

  • Notice of tax assessment

(Please note that these documents will be retained by CDP)

OR

Visit CDP or any broker who is a SGX-ST Member with your original identification documents.

B. If you cannot produce any supporting documents mentioned in A

Send your completed application form, together with certified true copies of the supporting documents as listed above to CDP.

Do ensure that your signature on the application form is witnessed and the supporting documents are certified by one of the following:

  • Singapore Embassy
  • Notary Public officially registered with the country’s governmental institution
  • Advocates & Solicitors (preferably with branch in Singapore)
  • Justice of Peace
  • Commissioners for Oaths
Important Notes
  1. If the mailing address is an overseas address, please maintain a local Corporate Actions mailing address so that documents arising from Corporate Actions can be sent to you.
  2. All amendments on the account opening form must be counter-signed by applicant.
  3. The account opening form should be dated with the current date of submission of the application. CDP will accept application form dated up to one month old upon receipt.
  4. Passports must be valid (unexpired) at the point of account opening.
  5. You are required to provide the bank details for the purpose of Direct Crediting Service (“DCS”).
  6. Applicants will also need to provide photocopy of NRIC/passport if you are visiting CDP

Foreign Account Tax Compliance Act (FATCA) Requirements

Should you have any of the following 7 indicia of potential US status under Foreign Account Tax Compliance Act (FATCA), please provide additional supporting document.

(i) US resident or citizen;

(ii) US place of birth;

(iii) US address associated with the account holder;

(iv) A US telephone number;

(v) Standing instructions to transfer funds to an account maintained in the US;

(vi) Power of attorney or signatory authority granted to a person with a US address; or

(vii) A US “in care of” or “hold mail” or PO Box address.

Please submit one of these additional supporting documents:

  • Completed Form W-9, if you are a US tax resident; or
  • Completed Form W-8BEN, if you are a non-US tax resident.

If you provide a Form W-8BEN and

  • indicate (ii) above, please also provide a non-US passport or other government-issued identification evidencing citizenship or nationality in a country other than US and a copy of the Certificate of Loss of Nationality of the US or an explanation of the reason you did not obtain US citizenship at birth.
  • indicate (iii), (iv) and/or (v) above, please also provide a certificate of residence or any valid identification issued by an authorized government body establishing non-US status.

Please note that CDP may request further information/documentation to determine if you are a US Person under FATCA.

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