A Direct Securities Account will need to be opened with CDP if one wishes to invest in the stock market in the Singapore Exchange. This account will track your entire shareholdings portfolio in the Singapore Exchange. Only 1 such account is required regardless of the number of brokerage agents/houses you use.
When you sign-up for your very first trading account, that brokerage house will actually ask you to complete the forms for CDP account opening as well as for linking the trading account to the newly opened CDP account. Subsequently, when you open any other trading account, the only CDP forms you will have to complete is for linkage of the new trading account to your existing CDP account.
You can also sign-up for internet access for your CDP account so that you can access your monthly statement via the internet (for both previous & current months).
More details & online sign-up: CDP Internet Access
More information @CDP Website
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