CDP, retail brokers roll out e-statement initiative

Singapore

STARTING from the fourth quarter, all retail securities brokers in Singapore and The Central Depository (CDP) will progressively provide electronic statements to customers.

This environment-friendly move is a collective effort among retail securities brokers and the CDP in reducing their carbon footprint, while delivering account statements, trade contract details and confirmations of securities movements to customers in a timely and secure manner.

With the rollout of this initiative, retail and CDP customers who are already receiving electronic statements will no longer receive physical copies of the statements. But those who have not signed up for internet trading accounts or CDP internet service will …