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DBS Vickers: Singapore cash accounts, global shares, settlement and financing

A Singapore securities-brokerage profile covering MCA-linked cash and cash-upfront trading, seven markets, fractional shares, retirement accounts, custody, market data and separate DBS Bank share financing.

By Editorial deskOperating status: ActiveSources checked Published Updated

DBS Vickers combines Singapore stockbroking with access to overseas exchanges through one trading relationship. The Singapore service centres on securities, bank-linked settlement and research. Cash Upfront is a way to pre-fund a purchase; separate DBS Bank share financing provides borrowing against approved securities.[4][30]

Entities & regulation01

What this Singapore profile covers

What this Singapore profile covers
AreaEstablished scope
Regulatory permissionsMAS lists the Singapore company as a Capital Markets Services licensee for securities, collective investment schemes, exchange-traded derivatives and custody, and an exempt financial adviser. The inspected record supplies no numbered licence.Source 1
FX relationshipCurrency conversion supports securities settlement through the linked bank account. The inspected MAS record does not list leveraged spot-FX or OTC-derivatives dealing permission.Source 1
Investment accessUnited States, Canada, Hong Kong, Singapore, United Kingdom, Australia and Japan, with exchange and security eligibility applying.Source 5

Accounts and eligibility

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Account comparison02

Opening route and residence restrictions

Opening route and residence restrictions
RequirementPublished position
Online routeIndividual applicant, existing DBS/POSB current or savings account, Singapore tax residence, and no existing DBS Vickers account. A linked individual MCA is required.Source 2
Paper routeJoint applicants, other-country tax residents and existing offline customers use application forms. Acceptance remains subject to review.Source 3
AgeThe general application route specifies 21 or older; ages 18–20 are directed to Young Investor.Source 3
Excluded applicantsThe broker FAQ excludes Japan tax residents; US persons; and citizens/residents of Nigeria, Iran, South Africa, Russia and Belarus. Australian and Canadian applicants may face additional restrictions.Source 2
Identity and addressSingapore citizens/PRs provide NRIC. Foreigners provide Malaysian ID or a passport with at least six months’ validity, recent address evidence and an employment pass where applicable.Source 3
Opening capitalNo standard minimum brokerage deposit. A security deposit may be requested for credit trading limits when the applicant is neither based nor employed in Singapore.Source 2
Account comparison03

Account and settlement choices

Account and settlement choices
ChoiceHow it operates
Individual CashBuy now within the assigned trading limit; maintain settlement-currency funds for the scheduled debit.Source 13
Individual Cash UpfrontFunds for the purchase and charges are earmarked before the buy order. Preferential buy commissions apply; this mode does not support selling or contra.Source 13
Joint and corporate arrangementsThe MCA-conversion FAQ excludes these accounts from individual MCA settlement; their pricing and payment arrangements are separate.Source 2
Young InvestorAutomatic programme for eligible individual online retail clients aged 18–25, assessed by birth year.Source 10
CPF/SRSLinked retirement-account settlement for eligible securities; separate holdings and agent-bank approval apply.Source 19
Account comparison04

Opening and linked-bank administration

Opening and linked-bank administration
ItemPublished treatment
Processing estimateComplete online applications: 3–5 working days; paper applications: 5–7. These are broker estimates.Source 2
Opening and recurring account chargesNo brokerage opening, annual or account-maintenance fee; no minimum brokerage balance. Custody and transaction charges are separate.Source 22
Bank fall-below feeWaived for the particular MCA linked to the brokerage account. This is not a waiver for every bank account the customer holds.Source 3
MCA changeSwitch the linked bank account only after clearing outstanding contracts/payments; the conversion route requires an individual eligible MCA and digibank access.Source 14

Commission schedules and investment charges

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Pricing & charges05

Individual MCA online commissions

Individual MCA online commissions
Market / currencyCash: rate; minimumCash Upfront buys: rate; minimum
Singapore / SGD0.18%; 27.250.12%; 10.90Source 7
United States / USD, quantity ≥10.16%; 27.250.15%; 19.62Source 7
Hong Kong / HKD0.16%; 1090.15%; 87.20Source 7
Canada / CAD0.28%; 31.610.25%; 21.80Source 7
United Kingdom / GBP0.30%; 27.250.25%; 21.80Source 7
Australia / AUD0.30%; 32.700.25%; 21.80Source 7
Japan / JPY0.30%; 3,2700.25%; 2,180Source 7
Pricing & charges06

Joint and EPS/GIRO online cash tariffs

Joint and EPS/GIRO online cash tariffs
MarketPublished percentage; minimum
Singapore / SGD0.18%–0.28%; 27.25, depending on contract sizeSource 9
US / USD; Hong Kong / HKD0.18%; 27.25 USD / 109 HKDSource 9
Canada / CAD0.30%; 31.61Source 9
UK / GBP; Australia / AUD; Japan / JPY0.35%; 27.25 GBP / 32.70 AUD / 3,270 JPYSource 9
Pricing & charges07

Young Investor tariffs and annual age transition

Young Investor tariffs and annual age transition
ItemCurrent published terms
Singapore online tradesZero commission advertised for a limited period; no fixed end date is stated in these programme terms.Source 10
Foreign online tradesPer-trade flat fees including GST: US USD 6.54; Hong Kong HKD 54.50; Canada CAD 8.72; UK GBP 13.08; Australia AUD 17.44; Japan JPY 1,417. Market charges remain payable.Source 10
Foreign custodyProgramme waives custody charges for foreign holdings.Source 10
Conversion to ordinary accountOccurs on 1 January in the year the holder turns 26, rather than on the birthday. The broker reserves the right to amend or end programme rates without notice.Source 10
Pricing & charges08

Additional charges that affect the trade or holding

Additional charges that affect the trade or holding
ChargePublished basis
Ordinary SGX securitiesClearing 0.0325% and trading 0.0075% of traded value; settlement instruction SGD 0.35. Warrants, DLCs and money-market ETFs have different exchange rates.Source 8
US sale regulatory feeBroker lists 0.00206% of sale principal. SEC’s order establishes USD 20.60 per USD 1 million of covered sales from 4 April 2026.Source 8Source 41
US dividend collection1% of net dividend, minimum USD 4 and maximum USD 40.Source 8
HK dividend collection1% of net dividend, minimum HKD 30 and maximum HKD 300, plus out-of-pocket expenses.Source 8
Foreign custodySGD 2 per counter per month, capped at SGD 150 per quarter; waived with two transactions monthly or six quarterly. Debited quarterly, normally on the 11th or next working day.Source 22
US securities transfer outDTC scripless withdrawal: SGD 50 per counter. ADR agent charges and non-DTC settlement/custody charges are separate where applicable.Source 8

Products and trading rules

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Platforms & products09

Securities available through the Singapore business

Securities available through the Singapore business
ProductPractical distinction
Stocks, ETFs and REITsExchange-listed investments across supported markets; the product directory also includes preference shares, depositary receipts and SPACs.Source 6
SGX retail bondsListed debt traded through the platform, with issuer default, interest-rate and liquidity exposure. Repayment is an issuer obligation.Source 32
Callable bull/bear contractsListed leveraged instruments with finite lives and mandatory-call features; issuer risk and early termination matter.Source 33
Daily leverage certificatesPublished 3–7 times exposure targets daily benchmark performance. These are securities with expiry and issuer risk; the daily multiple does not describe a multi-day holding return.Source 34
IPOs and private placementsThe brokerage describes participation opportunities alongside ordinary secondary-market trading; individual offer eligibility and allocation govern access.Source 4
Account comparison10

US fractional shares: sizing and access

US fractional shares: sizing and access
RuleOperational consequence
Available securitiesS&P 500 stocks and selected ETFs; eligibility can change. Existing fractions can still be closed if a counter loses eligibility.Source 12
Opening sizeMinimum USD 5 order value and 0.0001 share; quantity supports four decimal places. The USD 5 minimum does not apply to sales.Source 12
Required setupMCA settlement, activated US market access and acceptance of the fractional-trading disclaimer.Source 12
Orders and portabilityNo fractional-order amendment, transfer in/out or share-margin-financing access. Day validity applies.Source 12
AggregationFills below one share remain separate contracts. Qualifying ≥1-share trades can amalgamate when stock, currency, settlement, date and trading channel match.Source 12
Corporate actionsCash or cash-in-lieu applies to specified entitlements; rights issues are disregarded. Event terms and corporate-action fees still apply.Source 12
Pricing & charges11

Fractional-share pricing and dated offers

Fractional-share pricing and dated offers
ItemPosition checked 10 October 2026
Ordinary account, trade quantity <1Current fractional product page advertises zero commission through 31 December 2026. Its zero platform fee is separate from custody and corporate-action fees.Source 11
Promotion and ordinary tariffCurrent product and pricing pages extend the waiver through 31 December 2026; the US FAQ retains a USD 0.96 ordinary fractional commission. Treat zero commission as a dated promotion.Source 11Source 12
New-account rewardOpen an individual online account from 1 October–31 December 2026: published USD 30 NVDA reward for a qualifying online US buy trade of at least one share, and another USD 30 for a non-US trade, both by 31 January 2027. Full campaign eligibility applies.Source 44
Protections & eligibility12

Market access and product assessments

Market access and product assessments
RequirementHow it affects access
Overseas marketsAccept the overseas-products risk warning and market-specific agreements; account opening alone does not activate every market.Source 43
US tax documentationA processed W-8BEN and US withholding-tax agreement are required for the supported non-US individual route.Source 43
Listed complex productsCustomer Account Review considers qualifications, relevant work and trading experience. Unlisted-product assessment is separate; the FAQ’s generic leveraged-FX examples do not establish a DBS Vickers FX offer.Source 42
DLC accessRequires qualification for Specified Investment Products and understanding of the daily leveraged structure.Source 34

Money movement and settlement

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Account comparison13

MCA settlement: cash must be in the correct wallet

MCA settlement: cash must be in the correct wallet
SituationWhat happens
Cash purchaseHave the traded currency available for payment. The FAQ describes settlement-date funding and also says actual MCA debit/credit occurs on settlement day plus one market day; use the contract’s due date when arranging funds.Source 13
Market settlement cyclesUS and Canada: T+1; Singapore, Hong Kong, UK, Australia and Japan: T+2. These exchange cycles differ from the broker’s stated MCA posting step.Source 13
Currency shortfallThe broker sends an SMS after a failed deduction; conversion from another available currency or forced selling can follow.Source 13
Cash Upfront fundingMove money directly through digibank into the linked MCA. The old digibank top-up service to a brokerage cash-upfront account ended on 10 March 2024.Source 15
Account comparison14

MCA migration and currency conversion

MCA migration and currency conversion
ItemPublished rule
Settlement currencyLinked-MCA trades settle in the traded currency, with sale proceeds returned to that currency wallet. Convert within the bank account when needed.Source 14
Linking an existing accountPublished conversion estimate: within 24 hours. EPS/GIRO is terminated once remaining contracts clear; the account cannot subsequently revert to those payment modes.Source 14
Old brokerage balancesRemaining trust-account money is returned to the MCA after outstanding foreign contracts and cash-upfront trades are resolved; a negative balance can trigger a one-time bank debit.Source 14
Conversion availabilityFAQ excludes 05:00–06:00 daily and says conversion ends at 20:00 on the month’s last working day. These are the Singapore service windows.Source 13
Account comparison15

Withdrawals and legacy funding routes

Withdrawals and legacy funding routes
RoutePublished processing and limits
MCA-linked customerTransfer funds in/out of the bank account directly through digibank; the brokerage’s older withdrawal screen is not the principal funding route.Source 16
Brokerage GIRO/EPS withdrawalExisting linked facility required. Submit before 09:00 for stated same-day withdrawal; later requests are credited next business day. Fixed-deposit accounts cannot receive these withdrawals.Source 16
Old cash-upfront balanceFor an account without MCA linkage, request withdrawal to the linked DBS/POSB bank account; the cash-upfront guide gives up to two working days for processing.Source 15
Pre-15 January 2018 foreign accountsSeparate telegraphic and branch instructions apply. Include the trading-account number and name and send transfer evidence. The branch route lists AUD, CAD, EUR, JPY, HKD, GBP and USD, is described as free, and can take two working days.Source 17
Account comparison16

Foreign-market net and contra settlement

Foreign-market net and contra settlement
ConditionPublished treatment
Eligible contractsCash-mode purchases and sales of the same security can offset. Different counters do not net under this process.Source 18
Cash UpfrontExcluded from the foreign-market net/contra facility.Source 18
Buy then sell next dayIf the buy settles from available funds first, sale proceeds follow separately. If it remains unpaid, eligible contracts may instead be offset on the later settlement day.Source 18
Repeated purchases without fundsFailure to settle the first purchase can leave later purchases outstanding as well. A contra arrangement does not remove the need to fund a net loss.Source 18
Account comparison17

CPF and SRS: funding, holdings and errors

CPF and SRS: funding, holdings and errors
SituationPractical rule
Supported settlementUse SGD and an eligible linked CPF Investment/SRS account. SRS applies to selected SGX securities.Source 19
Which holdings are soldRetirement-account securities are held through the agent bank, separately from CDP cash holdings. The settlement selection must match the holdings being delivered.Source 19
Amendment cutoffNormally trade date before 17:30. A cash sale changed to SRS on T+1 is an exception requiring agent-bank approval and possible late charges.Source 19
Rejected retirement settlementBecomes an ordinary cash trade. Buys require cash payment; a sell without enough CDP holdings can result in SGX buying-in.Source 20
Portfolio visibilityDBS Vickers says it cannot see holdings with CDP and third-party agent banks well enough to prevent an incorrect-account sale for the customer.Source 19

Custody, platforms and execution

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Protections & eligibility18

Where securities are held and how they move

Where securities are held and how they move
Holding / transferBroker-published arrangement
SingaporeSecurities are held at CDP.Source 21
Hong KongCCASS holding under DBS Vickers (Hong Kong) Limited.Source 21
Other five foreign marketsPershing Securities Limited under DBS Vickers Securities (Singapore) Pte Ltd. This is the disclosed custody chain, not a claim that investors each hold a direct Pershing account.Source 21
Foreign transfer inSubmit an online instruction or signed transfer form plus the sending broker’s statement. The FAQ says no equity transfer-in fee, but excludes low-priced, US OTC and marijuana-related securities.Source 21
Platforms & products19

Trading channels and research

Trading channels and research
ChannelPublished functionality
DBS Vickers OnlineOrders, account balances, contract history, alerts, financial information and DBS Group Research within the browser platform.Source 24
DBS Vickers appMobile access with seven-market trading, portfolio monitoring, stock details and cash-upfront orders for MCA-linked accounts.Source 23
TelephoneInvestment Service Centre accepts trading enquiries and provides an alternative channel; telephone brokerage differs from online pricing.Source 38Source 8
Automation and copyingReviewed retail platform descriptions establish manual web/app trading and research; they do not establish a public retail execution API, MT4/MT5 account or copy-trading service.Source 23Source 24
Platforms & products20

Market data: separate prices, quotas and depth

Market data: separate prices, quotas and depth
ServiceEntitlement
StreamingSG/US streaming on supported screens; US OTC prices have a 15-minute delay. Hong Kong streaming is conditional on entitlement and the service operates in market hours.Source 27
Hong Kong snapshotsDefault 1,000 quotes per calendar month, without carryover. Every displayed counter on a refresh consumes a quote; auto-refresh software is prohibited.Source 28
Singapore advanced depthPrior-month online SG commission ≥SGD 200 or previous-three-month total ≥SGD 600.Source 29
Hong Kong advanced depthPrior-month HK commission ≥SGD 500 or previous-three-month total ≥SGD 1,500. Time & Sales and Trade Distribution do not require these thresholds.Source 29
Other-market display delaysThe market FAQ specifies 15 minutes for Canada/UK and 20 for Australia/Japan; do not assume every displayed overseas price is live.Source 25
Trading & service hours21

Orders, validity and exchange sessions

Orders, validity and exchange sessions
RulePublished treatment
US and Canada regular session09:30–16:00 market local time; Singapore time 21:30–04:00 during North American daylight saving or 22:30–05:00 otherwise.Source 25
Long-dated ordersGood-till-date: maximum 30 calendar days for supported cash buy/sell orders. Product and exchange order availability differ.Source 25
Singapore Trade At Close17:06–17:16 on a full trading day, at the closing-auction price only. Without an established closing-auction price, orders cannot match.Source 25
Singapore amalgamationSame stock, currency, settlement mode, trade date and trading channel can combine; differing FX conversion rates can prevent automatic combination.Source 26
Price and limit checksAn order may fail because of trading limits, an unsupported CPF security, suspension, price-distance rules or the wrong closing-auction price.Source 26
Platforms & products22

Published execution policy

Published execution policy
AreaHow the policy describes it
RoutingNormally uses the primary listing market and may transmit to approved third-party brokers. Price is generally important alongside cost, liquidity, speed, likelihood and settlement.Source 39
Customer instructionsSpecific instructions can determine the handling of the instructed part of an order; other parts remain subject to the policy.Source 39
Out-of-hours instructionQueued for the exchange or broker to reopen under the published policy; order submission alone does not establish after-hours execution.Source 39
Policy versus measured resultsThe document describes sequential order handling and monitoring. It provides no basis for this profile to assert an independently tested fill quality or execution speed.Source 39

Separate DBS Bank share financing

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Account comparison23

Share-financing access and borrowing

Share-financing access and borrowing
ItemBank-published offer
Lender and eligible collateralDBS Bank share financing, for approved Singapore, Hong Kong and US stocks; financing up to 70% is security-specific.Source 30
Quoted annual interestSGD 4.50%; HKD 5.25%; USD 5.25%. These are financing-currency rates, not securities commissions.Source 30
ApplicantAge 21–65; Singapore-resident citizens, PRs or foreigners. Published income thresholds: SGD 30,000 for citizens/PRs and SGD 45,000 for foreigners, and/or SGD 10,000 fully paid shares.Source 30
Residence inconsistencyMain eligibility excludes US tax persons, EEA and India residents; footer additionally mentions Australia. These disclosures need clarification for an affected applicant.Source 30
RepaymentFlexible repayment and no early-repayment penalty are advertised. A DBS/POSB savings or eligible multi-currency bank account is required.Source 30
Pricing & charges24

Bank financing charges beyond interest

Bank financing charges beyond interest
ChargePublished amount / basis
CDP movement and accountCDP transfer SGD 10 per counter/transfer. Quarterly sub-account maintenance: value-tiered annual rates, minimum SGD 2 and maximum SGD 12,500 per quarter.Source 31
External-broker confirmation / late settlementSGD 5 / SGD 25 per transaction.Source 31
Dividend distribution1% of net dividend: SG minimum SGD 5/maximum SGD 50; HK HKD 30/300; US USD 4/40.Source 31
Corporate action / proxyPer subscription: SG SGD 10, HK HKD 200, US USD 25. Proxy nomination/execution SGD 30.Source 31
Bank transfer handlingSG shares SGD 20 per counter/transfer; foreign shares out SGD 50. Foreign custody is listed as SGD 2 per counter without a period in this schedule; no monthly assumption is supplied here.Source 31

Safeguards and service

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Protections & eligibility25

Money, authentication and account closure

Money, authentication and account closure
AreaPublished position
Brokerage trust moneyThe trading agreement permits omnibus client trust accounts and certain overseas custodians; account-specific terms govern use and interest. Nominee or pooled custody is different from directly held bank cash.Source 40
Losses and debtThe agreement permits margin demands, security realisation, set-off and collection of amounts owing. Nothing here establishes a general guarantee against investment losses or borrowing shortfalls.Source 40
Login restrictionsPublished security FAQ specifies disabling after five failed attempts and automatic logout after 60 minutes without activity.Source 35
Voluntary closureClear outstanding balances and remove foreign shares held with DBS Vickers before closing the trading account online.Source 37
Dormant closureThe broker may close long-inactive accounts. Once its closure process is activated, the FAQ says the account cannot be retained; renewed use requires a new application.Source 36
Trading & service hours26

Singapore support and complaints

Singapore support and complaints
ServicePublished availability / process
Trading support+65 6327 2288; Monday 06:30 to Saturday 06:30, Singapore time.Source 38
General/account enquiriesMonday–Friday 08:30–18:00, excluding public holidays; [email protected].Source 38
Complaint acknowledgementAims to acknowledge within one business day; further review can take longer, with an explanation and indicative timeline. Unresolved concerns may be referred to FIDReC.Source 38

Company background & evidence

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Headquarters
Singapore; registered office at Marina Bay Financial Centre Tower 3
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

DBS Vickers Securities (Singapore) Pte Ltd

SingaporeSource 1

No separate licence entry is recorded in this panel.

Follow the evidence

Sources & further reading

  1. DBS Vickers Securities (Singapore): current MAS permissions Monetary Authority of Singapore · Accessed 10 Oct 2026
  2. Account opening and eligibility FAQ DBS Vickers · Accessed 10 Oct 2026
  3. Multi-market brokerage services FAQ DBS Vickers · Accessed 10 Oct 2026
  4. Available markets and products FAQ DBS Vickers · Accessed 10 Oct 2026
  5. Investment product directory DBS Vickers · Accessed 10 Oct 2026
  6. Individual MCA account commission overview DBS Vickers · Accessed 10 Oct 2026
  7. Individual MCA account full pricing guide DBS Vickers · Accessed 10 Oct 2026
  8. Joint and EPS/GIRO account commission overview DBS Vickers · Accessed 10 Oct 2026
  9. US trading and fractional-share operational FAQ DBS Vickers · Accessed 10 Oct 2026
  10. MCA linkage and migration rules DBS Vickers · Accessed 10 Oct 2026
  11. Foreign-market net and contra settlement DBS Vickers · Accessed 10 Oct 2026
  12. CPF and SRS trading, amendments and settlement DBS Vickers · Accessed 10 Oct 2026
  13. Rejected CPF/SRS transactions DBS Bank · Accessed 10 Oct 2026
  14. Securities custody and transfer restrictions DBS Vickers · Accessed 10 Oct 2026
  15. Account and custody charges FAQ DBS Vickers · Accessed 10 Oct 2026
  16. DBS Vickers app capabilities and access DBS Vickers · Accessed 10 Oct 2026
  17. Online platform features DBS Vickers · Accessed 10 Oct 2026
  18. Market hours, order types and validity DBS Vickers · Accessed 10 Oct 2026
  19. Singapore order handling and board-lot changes DBS Vickers · Accessed 10 Oct 2026
  20. Streaming quotes and entitlement DBS Vickers · Accessed 10 Oct 2026
  21. Hong Kong snapshot quote allowances DBS Vickers · Accessed 10 Oct 2026
  22. Advanced Market Data access thresholds DBS Vickers · Accessed 10 Oct 2026
  23. DBS Bank share-financing fee schedule DBS Bank · Accessed 10 Oct 2026
  24. SGX retail bonds DBS Vickers · Accessed 10 Oct 2026
  25. Callable bull/bear contracts DBS Vickers · Accessed 10 Oct 2026
  26. Daily leverage certificates DBS Vickers · Accessed 10 Oct 2026
  27. Account security features DBS Vickers · Accessed 10 Oct 2026
  28. Dormant-account closure policy DBS Vickers · Accessed 10 Oct 2026
  29. Voluntary brokerage-account termination DBS Bank · Accessed 10 Oct 2026
  30. Best Execution Policy, 2 March 2022 DBS Vickers · Accessed 10 Oct 2026
  31. General Trading Agreement DBS Vickers · Accessed 10 Oct 2026
  32. SEC 2026 transaction-fee order US Securities and Exchange Commission · Accessed 10 Oct 2026
  33. Specified Investment Products assessments DBS Vickers · Accessed 10 Oct 2026
  34. Foreign-market activation and W-8BEN DBS Bank · Accessed 10 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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