How to transfer SGX Shares from DBS Vickers to Interactive Broker SG?

Anyone has managed to transfer SGX shares from DBS Vickers to IB Singapore or is it not possible?

All I saw on DBS Vickers website is the form - WITHDRAWAL OF FOREIGN SECURITIES FROM DBS VICKERS ONLINE CLIENT – OUTWARD.

I think they never updated the procedure since IB SG rolled out in SG this year.

Basically, I want to consolidate my SGX stocks in IB SG to hit the 100k USD requirement.

Any idea?

Thanks.

DBS Vickers Securities Interactive Brokers

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Terrence Tay

27 Nov 2020

Firstly, login DBS vickers and fill up the withdrawal of foreign stocks form.

Below are the information of interactive brokers.

DTC Participant 0534 Interactive Brokers

Account: UXXXXXXXX

Broker Contact Person: Asset Transfer Team

Broker Telephone Numbers: +1 312 542 6901

Broker Email/Fax No: No fax. Please email: [email protected]

After submitting the withdrawal form, they will inform you where your stocks are held under, Mine was Pershing LLC, please take note of all the information as it will be required for the next step.

Next, go to IB account management Position transfer Free of payment. Fill up the required information base on the information DBS Vickers provided to you. Please note they might tell you to do the “Free of payment” request 5 days later.

Hope this work for you.

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