Frequently Asked Questions

Topics

General
Platforms
Trading
Account
Products & Services

Charges

What is the cost of setting up an Account?

There is no cost involved. Please refer to the additional requirements.

What is the transaction cost for trading on POEMS?

Does POEMS levy subscription charges?

No, POEMS does not charge any user subscription.

Does POEMS impose a minimum amount of trade within a specified period?

No. The size of the trades and the time frame in which the trades are executed, are solely determined by the user.

Are there any taxes levied on capital gains?

Please consult your tax advisor for clarification on taxation issues.

What is the SGX share transfer charges?

PSPL Singapore Securities Transfer Services Charges Schedule Effective from July 1st, 2018

Type of service (Singapore Securities Transfer) Total fees (include CDP charges)
No Change in Beneficial Owner (Between Own, Joint OR Immediate Family Member)
Client’s GSA -> PSPL sub a/c (CDP 4.2 form) S$10
Other Financial Institution -> PSPL sub a/c (Waived)
PSPL sub a/c -> client’s GSA S$20
PSPL sub a/c -> Other Financial Institution S$60
PSPL sub a/c -> PSPL sub a/c (other than Prepaid (CC) and Cash Plus Account) S$20
PSPL sub a/c -> PSPL Prepaid (CC) and Cash Plus sub a/c S$60
Change in Beneficial Owner (Off Market Transfer)
PSPL sub a/c - client’s GSA 0.25% of share valuation (min. of SS$100) +
2 x [0.015% of share valuation (min. of S$75)]
PSPL sub a/c - PSPL sub a/c
PSPL sub a/c - Other Financial Institution 0.25% of share valuation (min. of SS$100) +
[0.015% of share valuation (min. of S$75)]
Other Financial Institution - PSPL sub a/c
Change in Beneficial Owner (Between Related Company OR Company and its Shareholders/Directors/Employees)
PSPL sub a/c - client’s GSA S$50 + 2 x [0.015% of share valuation (min. of S$75)]
PSPL sub a/c - PSPL sub a/c
PSPL sub a/c - Other Financial Institution S$50 + [0.015% of share valuation (min. of S$75)]
Other Financial Institution - PSPL sub a/c
Important Notes:
1. All fees and charges above are based on Per Counter Per Transfer basis and are subject to GST.
2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.

What is the foreign share transfer charges?

Phillip Securities to External Broker SGD 53.50 per stock per transfer (inclusive of GST)

Additional charges apply to the following markets:
UK: USD 25 (Foreign broker fees, settled in SGD)
JP: JPY 1,000 for the first lot, JPY 500 for every subsequent lot, up to a maximum charge of JPY 6,000 (settled in SGD)
AU: USD 12 (Foreign broker fees, settled in SGD)
External Broker to Phillip Securities No charge by Phillip Securities Pte Ltd. Please check with your external broker for their charges.
Note:
1. For US transfer via Direct Registration System "DRS", there will be foreign broker fee of USD 50.
2. To transfer holdings from Issuer Sponsored to Broker (CHESS) Sponsored, there will be foreign broker fees of AUD 50 (Settled in SGD) and courier fees of SGD 32.
Fees are subject to changes.
Time required to transfer shares to Phillip Securities This varies. It depends when the external broker transfers out the shares electronically. Under normal circumstances, once shares are transferred out by the external broker, it takes 2-3 days for Phillip Securities to receive the shares.
Note: Share transfer facility is not available in selected markets. Rates may change from time to time at the discretion of Phillip Securities Pte Ltd.