Sunday, May 11, 2008

Suggestions for Central Depository (CDP)

At present, the CDP sends 2 statements for each share transaction. They arrive a few days after the transaction and are usually ignored. It is perhaps cheaper for them to send the details by SMS or e-mail, and save on the cost of mailing and postage. The stockbroker also send their statements, which is another layer of duplication.

I hope that CDP and the stockbrokers can work together to reduce the wastage in reporting on the share transactions. Immediate notification can be done by SMS or email. The other details can be sent in a monthly statement.

2 comments:

Collin Yeo said...

I'm for it!

Wang said...

include the annual reports in the wastage list as well!

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