Brokers, CDP to roll out electronic statements to retail investors

SINGAPORE - All nine retail securities brokers in Singapore and The Central Depository (CDP) will progressively roll out electronic statements to customers.

This starts from the fourth quarter of 2016.

Retail investors who have internet trading accounts will be able to view their account statements and contracts electronically.

They will get to view, print or save their records online for up to three months when securities brokers switch to electronic contracts.

CDP account holders who have registered 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.

rachaelb@sph.com.sg