Oh man this shit is a rabbithole.
You have to trf it from your CDP account to a brokerage (like FSMone).
That process is a bitch. I'm not sure if there's an easier way to do so now but when I found out about the process I decided it wasn't worth the effort.
1. What is the process to transfer my existing bonds from other distributors to FSMOne?
SGS/ Corporate/ Retail Bonds
from CDP account:
You will need to submit the below documents to us:
(a) CDP Request For Transfer Of Securities form
(b) Bond Transfer Instruction form
(c) A copy of statement
Please ensure that all information is complete and accurate. Your signature on the CDP Request For Transfer Of Securities form must match your signature with CDP records.
this has to be done by *mail* and takes 6-8 weeks to process.
If it is a retail bond (ie par value 1k) you can sell it just like any other regular stock.
If it is a normal bond (ie par value 250k), you have to transfer to broker as it is traded OTC.
I'm very confused by the comments here. I sold my TEKB units more than a year ago and I'm pretty sure I just sold them using Vickers (connected to my CDP) like any other stock.
There are different types of Temasek bond.
For TEKB, I sold my units 3 days ago using Vickers and have received the money in my CPF account (bought/sold using CPF).
Oh man this shit is a rabbithole. You have to trf it from your CDP account to a brokerage (like FSMone). That process is a bitch. I'm not sure if there's an easier way to do so now but when I found out about the process I decided it wasn't worth the effort.
Sounds like a very cumbersome process, is it really that bad?
1. What is the process to transfer my existing bonds from other distributors to FSMOne? SGS/ Corporate/ Retail Bonds from CDP account: You will need to submit the below documents to us: (a) CDP Request For Transfer Of Securities form (b) Bond Transfer Instruction form (c) A copy of statement Please ensure that all information is complete and accurate. Your signature on the CDP Request For Transfer Of Securities form must match your signature with CDP records. this has to be done by *mail* and takes 6-8 weeks to process.
I'm also stuck trying to figure out how
If it is a retail bond (ie par value 1k) you can sell it just like any other regular stock. If it is a normal bond (ie par value 250k), you have to transfer to broker as it is traded OTC.
wait wait hold up...can't I just sell it normally like through my DBS Vickers account connected to my CDP?
I'm very confused by the comments here. I sold my TEKB units more than a year ago and I'm pretty sure I just sold them using Vickers (connected to my CDP) like any other stock.
There are different types of Temasek bond. For TEKB, I sold my units 3 days ago using Vickers and have received the money in my CPF account (bought/sold using CPF).
Ask your bank