Client Update Form for DBS Vickers
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Anonymous mFCE1fClient Update Form for DBS Vickers
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Anonymous mFCE1fCommon questions
Powered by AIJoint account holders are jointly and severally liable, which means they are individually responsible for all payments and obligations arising from their joint accounts. When updating information with DBS Vickers Securities and The Central Depository, both account holders must sign for updates to be valid. This ensures that all parties have agreed to and acknowledged the changes in account details or management, which protects the rights and obligations of each account holder .
To update particulars with The Central Depository (Pte) Limited, individuals must bring along original supporting documents when visiting CDP or their SGX-ST Member Company. If requests are sent by mail, all supporting documents must be certified true copies by a CDP Authorized Representative. The signature provided must match records to avoid processing delays, and any amendments must be countersigned. CDP will notify the client once the securities account is updated. Alternatively, updates can be made online through the CDP Internet service .
To submit a change of personal details to DBS Vickers Securities, clients must complete the Securities Account Information Update form. This update is necessary for clients with an existing CDP Securities Account to directly update their name, address, NRIC/Passport number, nationality, and PR status with The Central Depository (Pte) Limited. Clients must ensure all information submitted is true and accurate, and must notify DBS Vickers of any changes in the particulars provided, submitting relevant documentary proof .
Clients can update their signature with DBS Vickers Securities by submitting the update form along with their original NRIC/Passport personally at the office for verification purposes. The new signature becomes valid and effectual for all intent and purposes related to transactions with their Trading Account, Margin Trading Account, Online Trading Account, Securities Borrowing & Lending, Depository Agent Sub-Account, and Nominees Account for Malaysian Shares. Updating the signature ensures the accuracy of client identification in all related activities and services .
When updating a mailing address with The Central Depository (Pte) Limited for an address outside Singapore, clients must provide a Corporate Actions Mailing Address in Singapore if the primary mailing address is not within Singapore. This ensures that all statements and correspondence can be received reliably. Clients must also ensure the new address complies with all necessary documentation and certification requirements, including the presentation of certified true documents by an authorized representative .
A person can certify their documents for submission to The Central Depository (Pte) Limited by having them certified as true copies by an authorized certifier such as a Notary Public, Advocates and Solicitors, Commissioner for Oath, Singapore Embassy, or Justice of Peace. This certification provides assurance that the copies are true representations of the original documents .
Different income brackets require clients to specify their gross annual income when updating financial information with DBS Vickers Securities. Income categories range from S$50,000 or below to above S$1,000,000. Clarifying financial capacity allows DBS Vickers to administer account activities, assess risk, and provide services that align with the client’s financial profile. Clients must declare this information accurately and update any changes with supporting documents .
To terminate a trading account with DBS Vickers Securities, clients must indicate the trading account numbers they wish to close. The termination can include Margin Trading Accounts, Securities Borrowing & Lending Accounts, Nominees Accounts for Malaysian Shares, Trading Accounts, Online Trading Accounts, and Depository Agent Sub-Accounts. Clients may provide reasons for termination if any and must agree that all information submitted is accurate. The client will remain responsible for obligations arising from existing accounts until closure .
Verification of documents presented to The Central Depository (Pte) Limited requires that all supporting documents must be certified as true copies by a CDP Authorized Representative. This includes a Notary Public, Advocates and Solicitors, Commissioner for Oath, Singapore Embassy, or Justice of Peace .
Changing a dealer/remisier at DBS Vickers Securities involves a formal request process where the client specifies their current dealer/remisier and the new one. This change might affect the client's investment strategy and execution of trades, as different dealers may provide varying levels of service and advice. Clients must submit reasons for this change, if any, and execute the necessary documentation to ensure a seamless transition, maintaining the continuity of service .