Trading in US market may be done through the Internet with POEMS or by calling our US Night Dealing desk. The following rates are applicable to both buy and sell transactions.
Commission
Table
Internet On-line Trades
Broker Assisted Trades
0.4%
on the gross contract value, minimum of US$20.00
0.5% on the gross contract value, minimum US$25.00
Other charges:
Securities and Exchange Commission (SEC) Fee (0.00127% on gross consideration) will be included to
all US sell trades.
GST on local brokerage fee.
Click
HEREto download a free copy of the
Brokerage Charges Brochure.
How much are the dividend/interest charges?
Dividend/Interest
Payment
Dividend/Interest
Charges
Dividend/Interest
charges are
applicable on
the net dividend/interest.
<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 withholding tax of 30%. Counterparty charges may also apply, these rates may vary depending on conditions set by the counterparty 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 to GST) + Foreign broker fees and withholding tax (if applicable).
Note: under Internal Revenue Code (IRC) Section 302 enforced by the Internal Revenue Service, US Corporate Action like Cash Merger and buy-backs will have a withholding tax of up to 30% for non-U.S clients participating or involved in these corporate action.
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.
What is an ADR and why does my US holdings have these ADR Fee charges?
An ADR (American Depositary Receipt) is a stock that trades in the United States but represents a specified number of shares in a foreign corporation. ADR agents (banks and investment banks) purchase stocks on foreign exchanges and then sell receipts for these shares on American exchanges. ADR agents charge these ADR fees to compensate for inventorying the foreign stocks and managing all registration, compliance and recordkeeping services.
The ADR Fees varies for each counter and you will be billed according to the shareholdings for each ADR shares.
Shares Transfer
Will there be any charges for shares transferred into Phillip?
There are no charges for transferring shares to Phillip. However, it is important that you check with the delivering securities firm as to whether there are any charges for transferring your shares out.
Will there be any charges incurred for outgoing shares transfer?
Yes, there will be a handling fee of S$ 21.40 (inclusive of GST) per counter. ** With effect from 1st Jan 2009, the
handling fees will be amended to S$53.50
Are there any charges for physical scrips deposit?
How can I make payment for outgoing shares transfer (physical scrips deposit?
You can pay by any of the following payment methods:
Cash
Cheque, made payable to “PHILLIP SECURITIES PTE LTD”
EPS (Client has to notify Trading Representative)
Debit from client’s trading account if there are sufficient funds in
their Phillip Financial, Cash Management or Investment account but
client must indicate their instruction at Remarks column.
Note: We will not effect any transfer before receiving payment from client.
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.
