1. CDP implements Currency Conversion Service (“CCY”)
   Since 15 June 2020, CDP has implemented a CCY, which is a conversion and payment service that converts foreign currency cash distributions to Singapore Dollar and credits them directly into the CDP Direct Unitholder’s active Direct Crediting Service (“DCS”) bank account.
   
   
2. CDP Goes Cheque-free
   Since September 2020, CDP has stopped issuing USD cheques to CDP Direct Unitholders, unless on an exceptional basis. As such, CDP Direct Unitholders will only be able to receive distributions in USD via Telegraphic Transfer (“TT”) at a fee chargeable by CDP (and subject to prevailing GST) on top of applicable bank charges for every TT transaction on a per request basis.

Read more here.