These transactions signify securities that are not represented by certificates of ownership, but are simply recorded on customers' accounts. This eliminates considerable paperwork for brokers and safe keeping concerns for investors.
Securities that are kept in computerized record form rather than paper certificate form.
Securities that are not represented by physical share certificates. Purchases and sales of securities are recorded in a securities account that an investor maintained with The Central Depository (Pte) Limited (CDP). CDP provides depository, clearing and settlement and computerised book-entry services for securities traded on Singapore Exchange Securities Trading Limited (formerly known as Stock Exchange of Singapore).