Frequently Asked Questions

Share Financing Account (V)

Can I contra my trades?

Yes.

Can I open a corporate Share Financing Account?

Yes.

Can I open a joint Share Financing Account?

Yes.

Can I sell my existing shares through Share Financing Account?

No. You would have to transfer the shares into your Share Financing Account before you can sell them.

Can I sell those shares allotted (IPO Shares) through Share Financing Account?

No. You would have to transfer the shares into your Share Financing Account before you can sell them.

How do I transfer the shares into my Share Financing Account?

You can transfer the shares by signing the relevant forms. Please contact your trading representative for a copy of the form.

How long does it take for shares to be transferred into my account?

It will take about two working days for the shares to be transferred into your Share Financing Account.

How long does it takes to start an account?

Your share financing account will be ready for trading within five working days from the day we receive your application, if it is approved.

How long will it take to open an account from overseas?

This will depend on the postage time it takes to send the forms to you and for you to send the completed forms back to us. Furthermore, once the account is opened, we will send the Internet password via mail. Thus, the whole account opening process will take approximately two weeks or more

What are the charges for this account

Please refer to Share Financing Account Infosheet.

What are the requirements to be able to open a Share Financing Account from overseas?

  1. You need to be 21 years and above to open an account with us.
  2. Your account opening documents need to be certified by a public notary, commissioner of oaths, or judicial officer.
  3. You are not blacklisted with the Singapore Exchange (SGX) or with any other securities firm nor have any delinquent account with any other securities firms.

When must I deposit the required collateral for my outstanding purchase?

The required collateral must be received by the contract due date. Please take note that share transfer takes three working days to be effective.

Who can open a Share Financing Account?

Anyone who is above the age of 21 years old.