Frequently Asked Questions
– Custodian (C)
Can I contra my trades?
Can I open a corporate Phillip Investment Custodian Account?
Can I open a joint Phillip Investment Custodian Account?
Can I sell my existing shares through the Phillip Investment Custodian Account?
Can I sell those shares allotted (IPO Shares) through the Phillip Investment Custodian Account?
Can the foreign share custody fees be waived?
Can the quarterly maintenance charge be waived?
How do I transfer the shares into my Phillip Investment Custodian Account?
How long does it take for shares to be transferred into my account?
How long does it take to start an account?
How long will it take to open an account from overseas?
What are the charges for this account?
What are the requirements to open a Phillip Investment Custodian Account from overseas?
- You need to be 21 years old and above to open an account with us.
- Your account opening documents need to be certified by a public notary, commissioner of oaths, or judicial officer.
- You must not be blacklisted with the Singapore Exchange (SGX) or with any other securities firm or have any delinquent account with any other securities firm.
Who can open a Phillip Investment Custodian Account?
With the multi-currency facility, will there be automatic conversion of currency for trade settlement?
Please take note that there will not be any automated currency conversion for trade settlement in the trading account. Customers are required to take the necessary steps to either transfer money into the trading account or submit a currency conversion request to avoid being charged debit interest.
Please refer to the Custodian Account Information Sheet for more details.