Electronic Securities Application (ESA)
Electronic Securities Application (ESA)
This service allows you to apply for an Initial Public Offering (IPO) using Electronic Securities Application (ESA). You can apply for new security issues electronically via DBS iBanking without the need to submit the physical application form. The cash amount is debited online from your selected personal or joint-alternate Current, AutoSave or Savings Plus account.
Features
- For MAX/Fixed Price applications, each person is allowed only one application for that issue (whether via DBS iBanking, DBS or POSB ATM or application form). DBS iBanking will reject multiple applications made at DBS iBanking and DBS or POSB ATM
- For Tender Price applications, each person is allowed only one application at that selected price. However, you can submit multiple applications at different Tender prices.
- For Foreign Currency applications, the application monies will be debited from your bank account in SGD, based on the Bank's prevailing board rates at time of application. Any refund monies will be credited in SGD based on the Bank's prevailing board rates at the time of refund. The different prevailing board rates at the time of application and at the time of refund of application monies may result in either a foreign exchange profit or loss, or application monies may be debited and refunds credited in SGD at the same exchange rate.
- For first-come-first-served applications, the number of securities applied for may be reduced, subject to availability, at the point of application.
- Your CDP Securities Account number will be stored by DBS if you have made prior application using our ESA service. This number will be displayed for your confirmation during application.
- If you do not have an existing CDP Securities Account, you have to open one with The Central Depository (Pte) Ltd (CDP) before using our ESA service.
- If you are using our ESA service for the first time or have changed your CDP Securities Account number, you can input or update your CDP Securities Account number onscreen. Please note that this should be your own CDP Securities Account number as the ESA is made in your own name.
- To check the results of your ESA, you can use the "View Electronic Securities Application (ESA) Results" service from as early as 8pm on the first working day after the security closing date.
- For successful applications, you will receive a notification letter from CDP on the number of units credited to your CDP Account.
- For unsuccessful and partially successful applications, the applicable application amount will be refunded by crediting the applicable amount into your DBS or POSB account or CPF/ASPF Investment Account within 14 market days after balloting.
- You may withdraw applications for securities which have subsequently issued supplementary prospectus by using the "Withdraw Electronic Securities Application (ESA)" service.
Withdraw Electronic Securities Application (ESA)
This service allows you to withdraw your applications for securities which have issued a supplementary prospectus.
Features
- You cannot reverse your withdrawal once the transaction is completed. You may however re-apply for the security on the "Electronic Securities Application" service.
- You may only withdraw once for each supplementary prospectus issued.
- For successful withdrawals, your application monies will be refunded to your bank account immediately.
View Electronic Securities Application (ESA) Results
This service allows you to view results of your Electronic Security Application (ESA). You can find out the results of your ESA made through DBS Bank for SGD and Foreign Currency securities. You can enquire on:
Features
- The provisional allotment results as early as 7pm on the first working day after the ESA closing date.
- The final allotment results as soon as it is received by DBS Bank.