Frequently Asked Questions
SDR are classified as Excluded Investment Products (“EIP”) and are generally for investors who expect low to moderate likelihood of loss of principal investment amount, with generally smaller potential returns. Investors who invest in this product should have a basic understanding of financial instruments with standardised terms and no unusual or complicated features.
Investors should refer to the SDR programme disclosure document provided by the depository for the features, and characteristics including a description of how corporate actions or distributions will be handled, as well as risks and other information. The SDR programme disclosure document is provided on https://www.singaporedr.com/.
To apply for SDR to be issued to you, you will need to:
(i) Submit an issuance request by completing the form “SDR Issuance and Cancellation Form” directly to the Depository; or
(ii) Instruct your broker to submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf.
You can obtain the “SDR Issuance and Cancellation Form” from the SDR website at https://www.singaporedr.com/forms/
You need to have a CDP securities account held either directly with the CDP or a Depository Agent with the CDP for SDR to be issued to you.
Submit an issuance request by completing the “SDR Issuance and Cancellation Form” directly to Depository
(i) Instruct your custodian to deliver the relevant Underlying NDVR to the Depository for issuance of new SDR to you
(ii) Complete and lodge the “SDR Issuance and Cancellation Form” with the Depository by following the instructions on the “SDR Issuance and Cancellation Form”; and
(iii) Pay the issuance fees to the Depository.
Instruct your broker to submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf
(i) Deliver the relevant Underlying NDVR to the Depository for issuance of new SDR to you;
(ii) Complete and submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf; and
(iii) Pay the issuance fees to the Depository.
The Depository shall endeavour to issue the SDR to you within 3 Business Days from the date of receiving (i) a valid and completed issuance request and (ii) the underlying NVDRs. Incomplete or inaccurate submissions may result in delays in processing your issuance request.
To apply for cancellation of SDR, you will need to either:
(i) Submit a cancellation request by completing the “SDR Issuance and Cancellation Form” directly to the Depository,
To submit a cancellation request by completing the “SDR Issuance and Cancellation Form” directly to the Depository
(i) Deliver SDR to the Depository’s designated account with the CDP;
(ii) Complete and lodge the “SDR Issuance and Cancellation Form” to the Depository by following the instructions on the form;
(iii) Provide details of your nominated brokerage account into which the Underlying NVDRs can be delivered;
(iv) Pay the cancellation fee to the Depository in Singapore dollars; and
(v) Instruct your custodian to receive the Underlying NVDRs on your behalf.
(ii) Instruct your broker to submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf.
To instruct your broker to submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf,
(i) Deliver SDR to the Depository’s designated account with the CDP;
(ii) Complete and submit the “SDR Issuance and Cancellation Form” to the Depository on your behalf;
(iii) Provide the Depository with delivery instructions for the Underlying NVDRs to which your SDR relate; and
(iv) Pay the cancellation fee to the Depository.
You can obtain the “SDR Issuance and Cancellation Form” from the SDR website at https://www.singaporedr.com/forms/
The Depository shall endeavour to deliver the Underlying NVDR to you within 3 Business Days from receiving (i) a valid and completed cancellation request and (ii) the relevant number of SDR. Incomplete or inaccurate submissions may result in delays in processing your cancellation request.