Trading in UK market may be done through the Internet with POEMS or by calling your Trading Representative (e.g. Dealer / Remisier) during Singapore office hours. The following rates are applicable to both buy and sell transactions.
Commission Table
Internet On-line Trades
Broker Assisted Trades
0.4% on gross proceeds, minimum £25
0.6% on gross proceeds, minimum £35
Additional
charges:
Stamp Duty Charge : There will be additional 0.5% on gross proceeds
of UK Stamp Duty on buy trades only.
For
EUR-denominated stock, the UK stamp duty (buy only) will be 1%.
PMT (Panel and Takeover Merger): £1 for any trade that is £10000 and above.
GST is applicable on local brokerage.
Click
HEREto download a free copy of the
Brokerage Charges Brochure.
How much are the dividend charges?
Dividend
Payment
Dividend
Charges
Dividend
charges are
applicable on
the net dividend.
<S$100
S$1.07 (inclusive of GST)
>S$100
1%
of Net Dividend, max. S$53.50 (inclusive of
GST)
GST is on dividend charges and is applicable for Singaporean and Singapore PR.
Note: Dividends are subject to counterparty charges and taxation by the foreign source. These rates may vary depending on conditions set by the counterparty and country concerned.
What are the custody charges like?
A S$2.14 (inclusive of GST) monthly custody charge will be levied per counter based on your foreign shareholdings in your account at the end of every month. The charges are capped at $160.50 (inclusive of GST) per quarter for each account in which you hold foreign shares.
The charges will take effect from 1 July 2003. A quarterly invoice starting October 2003 will be sent out to inform you of the custody charges due.
How much are the corporate
action charges?
Types
of services
Fees
and charges
Cash
Offer, Rights Issue, Privatisation Exercise,
Merger & Exchange, Cash In Lieu,
Liquidation, Redemption of Warrant, Loan Stock
or Bonds, Capital Distribution, Tender Sales,
Warrant Conversion
S$10.70 (inclusive of GST) + Foreign broker fees if applicable.
What happens if I hold foreign shares in two separate accounts?
The custody charges will be levied on a per account basis. If you hold foreign shares in two separate accounts, you will be billed according to the shareholdings in each account.
Is there any exemption from the monthly custody charges?
We will automatically waive the monthly charges if you have at least two trades in your account for the month, regardless of trade size and whether you trade local or foreign shares in that account.
Can
I consolidate all my foreign share holdings in one
account?
Yes. Account holders may submit written instruction to our Operations department.
How do I pay for the custody charges?
If you have a margin or custodian account with the Phillip Group, we will arrange to debit your account accordingly. Otherwise, you may settle the invoice by cheque or through your bank's electronic payment services. Where applicable, any outstanding charges will be deducted from any payment due to you.
Share Transfer
What are the charges involved for Share Transfer?
For Scripless Shares:
There is no charge imposed on transferring in of shares.
Transfer-Out Charges is USD 25.00 per counter, plus handling charges of
S$21.40 (inclusive of GST) ** With effect from 1st Jan 2009, the
handling fees will be amended to S$53.50 + USD 25.00
Are there any charges for physical scrips deposit?
The charges comprise of :
Courier Fee
S$
35.00 (inclusive of GST)
Handling
Fee
S$ 10.70 (inclusive of GST)
Foreign
Broker Fee
US$
60.00
Are there any administrative charges and foreign broker fees for corporate action services?
Yes, an administrative fee and any foreign broker fees will be levied for corporate action services. Examples of corporate actions are dividend payments, right issues, cash offers, bonus issues etc.
