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E-statements available for all retail investors soon

PC Lee Published on Wed, Aug 17, 2016 / 9:14 PM GMT+8

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SINGAPORE (Aug 17): Retail investors who have internet trading accounts will soon be able to view their account statements and contracts electronically. They are also able to view, print or save their records online for up to three months when securities brokers switch to electronic contracts.

The Securities Association of Singapore (SAS) and Singapore Exchange (SGX) announced that all nine retail securities brokers in Singapore and the Central Depository (CDP) will progressively provide electronic statements to customers, starting from the fourth quarter of 2016.

CDP account holders who have signed up for the CDP Internet Service will be able to access their account statements for the past 24 months, and confirmation notes for the past 60 days from the second quarter of 2017 onwards. This is an extension of the current service where CDP account holders can access electronic monthly account statements and confirmation notes online for the past three months and 60 days, respectively.