When you select SRS Settlement mode, we will notify your SRS agent bank of such request, with the full contract details. Your request will only be considered complete if your SRS agent bank approves the transaction based on their criteria.

For more information on SRS agent bank's approval criteria, please contact your designated SRS agent bank. For buy transactions - When the contract has been accepted by the SRS agent bank, your SRS funds will be debited on settlement date and the shares will be deposited into your SRS account.

For sell transactions - When the contract has been accepted by the SRS agent bank, the shares will be debited from your SRS account on settlement date and the sales proceeds will be credited into your SRS account.

The SRS agent bank may reject your request based on their criteria. Common reasons for rejection include insufficient SRS funds or insufficient share in the account.

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For more information on their approval criteria, please contact your SRS agent bank. The SRS agent bank will inform DBS Vickers of rejected cases and a DBS Vickers staff will contact you of this status.

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The trade will automatically revert into a cash trade. For buy transactions, you will have to pay by cash, cheque, GIRO or EPS, depending on your regular mode of payment.

For sell transactions, it will be debited from your CDP securities account if you have sufficient shares of that counter. However you will be subjected to a buy-in by the Exchange if you do not currently hold or have insufficient shares of that counter.

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Shares which you have bought through your SRS Account will be deposited into your SRS account, and cannot be transferred automatically to your CDP securities account.

The converse applies as well. If you have mistakenly sold shares previously bought through your SRS account using your CDP GSA, two scenarios could happen:. DBS Vickers does not have access to the information on your securities holdings held with third parties like CDP and agent banks. These organisations will not reveal any information to us in order to protect the confidentiality of your information. Hence, please exercise caution when placing orders through SRS mode.

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Account Related SRS Settlement FAQ. SRS Settlement mode will be available on the Order Entry page. If you have mistakenly sold shares previously bought through your SRS account using your CDP GSA, two scenarios could happen: If you happen to hold sufficient shares of the same counter in your CDP securities account, those shares will be debited from your CDP securities account on settlement date; or If not, you will be subject to buy-in by the Exchange, as having short-sold the shares.

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