If I place Share Builders Plan (SBP) sell orders for both board lots and odd lots (unit shares) of the same counter on the same day, will the orders be amalgamated?

No. Share Builders Plan (SBP) sell orders for board lots and odd lots (unit shares) are not amalgamated. Each order is treated as a separate transaction and will be processed individually.

If I place multiple sell orders for the same counter in a single day, will I be charged brokerage fees only once?

No. For Share Builders Plan (SBP) sell orders, brokerage fees are charged on a per-order basis. As there is no order amalgamation, each sell order will incur its own brokerage fee.

Will a regular sell order and an SBP sell order for the same counter on the same day be amalgamated?

No. Share Builders Plan (SBP) sell orders are not amalgamated with sell orders placed through a POEMS Trading Account. Both orders will be processed separately.

Will Share Builders Plan (SBP) sell orders be automatically amalgamated if I place multiple sell orders for the same counter on the same day?

No. Share Builders Plan (SBP) sell orders are not amalgamated. Each sell order is treated as a separate transaction.

Why was my order rejected with the message “Non-marketable orders that are less than a share not allowed”?

Some orders for less than 1 share are not allowed when the order price is not close enough to the current market price.

For example:

In simple terms: If your order is for less than 1 share, it may be rejected when your chosen price is not close enough to the current market price.

Which are the participating banks for Interbank GIRO facility?

The following banks support eGIRO:

Account Types for Buying and Selling

Why is my bond order rejected?

For placing Buy order: Please ensure you have a valid Accredited Investor status and sufficient funds/buying power.

For placing Sell order: Please ensure your order quantity placed matches your bond holding.

Do I need to pay custody fee for CDP bonds?

No. There is no custody fee or platform fee for CDP bonds.

How do I differentiate CDP bonds and clearstream/euroclear bond?

You can check with your trading representative.

Alternatively, you can contact our Bond Desk at 6212 1818 or email us at bonds@phillip.com.sg for more information.

IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com