DIRECT CREDITING SERVICE (DCS)

Direct Crediting Service (DCS) is a free service offered jointly by Citibank and SGX to let CDP Account holders enjoy the convenience of having their Singapore-dollar dividend payments or other cash distributions from their securities holdings credited directly into their designated Citibank account.

You'll enjoy greater convenience as you do not need to wait for your dividend cheques to arrive by mail, and subsequently deposit them into your Citibank account. Your dividends will start earning interest from the date of payment.

Please complete this form and mail it in to CDP at:

Alternatively, you can obtain the same application form from your stockbroking company or CDP.

Once your application has been approved, CDP will notify you via mail. Your bank account number will also be reflected in your CDP monthly and year-end statements.

You will receive a Monthly Summary of Payments with details of the dividends paid. This Monthly Summary of Payments will be sent to you whenever there are payments made to you for the month. There will also be a transaction code "CDP" on your bank statement to indicate the amount credited into your bank account.

If CDP is unable to credit the dividend payment into your designated Citibank account, you will receive a cheque from CDP instead. A DCS application form will be enclosed for you to furnish CDP with the updated details concerning your bank account.

You can submit a new form to CDP, or write to CDP providing your particulars:

• Name
• Address
• Securities account number
• Identification / passport number (the records with CDP and your bank should correspond)
• Contact number
• New designated bank name & account number
• Signature (to match that in our record)

You will receive a notification from CDP once the change has been effected.

No, DCS is a free service.

You can write to CDP on your request.

CDP is an acronym for Central Depository Account which is managed by Singapore Stock Exchange (SGX). CDP is basically a holding account for all securities you have purchased via the open market. All your investments both equities and fixed income instruments will be deposited in your CDP account.

To know if you already have a CDP account registered in your name you can contact the Singapore Stock Exchange (SGX) at 6535 7511. However, if you already know your CDP account number you can register for CDP Internet services to access your CDP securities portfolio or download e-statements and manage all your securities-related activities.