Frequently Asked Questions

Recurring Plan

How do I set up a Recurring Plan?

Step 1:

Open the Recurring Plan widget. There are 2 ways you can create a Recurring Plan.

Method 1:
Search for your desired counter that you wish to set a Recurring Plan for. Right click on the selected counter and select “Set as Recurring Plan”
Method 2:
Create a new widget and search for “recurring”. Select the “Recurring Plan” and search for the counter using the search bar.


Step 2:

Key in the value, frequency, start date and end date of the Recurring Plan that you wish to place. Key in your password and submit.

Step 3:

Check the order status under the “Recurring Plan Status” widget to ensure that the details are correct.

Step 4:

Click on the Parent Order number to view details of the Child Order status. The Child Order status will indicate “Triggered” if the order has been successfully sent to the market on the actual trigger date.

Step 5:

Open the Order Status widget to view the quantity and actual price executed for the Child Order. The contract will be created the next day, and you will be able to view it under the Account Management Widget.

What are the benefits and risks of a Recurring Plan?

Benefits Risks
Use of Dollar Cost Averaging (DCA) Cannot control the buy price
Manage market risks Commission may be a consideration if your investment amount is small
Disciplined way of regular investing
Accumulate position before announcements

What is the difference between Recurring Plan, Share Builders Plan and Unit Trust Regular Savings Plan?

Recurring Plan Share Builders Plan Unit Trust Regular Savings Plan
Counters Available All US, Hong Kong and Singapore counters 39 Singapore Counters More than 500 funds
Frequency Opt for Daily, Weekly, Monthly or Quarterly Monthly Monthly or Quarterly
Minimum Amount $100 $100 $100
Payment Mode Fund transfer, Debit from ledger/ Money Market Fund(MMF) GIRO GIRO
Account Type Phillip Investment Account
Charges / Handling Fees Prevailing account brokerage rates apply S$6 (≤2 counters)
S$10 (≥3 counters)
0% Sales Charge

Which type of Stocks and ETFs are suitable for Recurring Plan?

  • Blue-Chips Stocks for capital appreciation and dividend income
  • REITs and Retail Bonds for dividend income
  • ETFs tracking broad base index, commodities etc

Which account types are eligible for Recurring Plan?

All equities account can be used to set up Recurring Plan.

What is the minimum value that I can place for an order from Recurring Plan?

  1. The minimum value has to be higher than $100 in the respective currencies (ie SGD, HKD or USD) and;
  2. The value of the minimum executable quantity of the counter, which can be derived by multiplying the counter lot size by the last traded price

What price will be submitted for the orders of Recurring Plan?

Orders will be sent to the exchange approx. 3 minutes before it opens. The price submitted will be 10 ticks higher than the latest bid price in the matching phase.

What are the different intervals available for Recurring Plan?

Please refer to the table below for the 4 different types of intervals that you may choose from:
Frequency Maximum Duration (From start to end)
Daily Not more than 3 months
Weekly Not more than 1 year
Monthly No limit
Yearly No limit

Is Recurring Plan available for both buy and sell orders?

Only buy orders are allowed for Recurring Plan.

What are the charges for orders done under Recurring Plan?

The commission for each trade done through the Recurring Plan will be based on the customer prevailing commission rates. All exchange fees will be applicable as per standard contract fees.

What currencies can I use to settle the orders that are executed from Recurring Plan?

You may choose to settle in SGD or the traded currency.

How can I settle my executed orders?

Settlement of contract will be the same as a normal trade settlement.

What is an example of a Recurring Plan?

Example: ThaiBev (SGX)

Account Type: Phillip Investment Account - Prepaid (CC)
Invested Amount: $1000
Investment Interval: Every 1st Trading Day of the Month
Brokerage per Investment: $10

Date Price Quantity Total Amount Invested Total Amount Invested Including Brokerage Total Quantity To Date Total Amount Invested to Date Average Price/ Stock to Date Current Gains
1-Oct-18 0.68 1400 $952.00 $962.00 1400 $962.00 $0.68
-
1-Nov-18 0.625 1600 $1,000.00 $1,010.00 3000 $1,972.00 $0.65
(77.00)
3-Dec-18 0.64 1500 $960.00 $970.00 4500 $2,942.00 $0.65
(32.00)
2-Jan-19 0.61 1600 $976.00 $986.00 6100 $3,928.00 $0.64
(167.00)
1-Feb-19 0.735 1300 $955.50 $965.50 7400 $4,893.50 $0.65
595.50
1-Mar-19 0.815 1200 $978.00 $988.00 8600 $5,881.50 $0.68
1,187.50
Amount invested does not include exchange fees and GST. Prices are done at opening.

ThaiBev on ChartLive from 1st Oct 2018 to 22nd Mar 2019 Past performance figures as well as any projection or forecast used in this publication are not necessarily indicative of future or likely performance of any securities.

What if I do not have sufficient funds in my account when payment for an order from my Recurring Plan is due?

Settlement of contract will be the same as a normal trade settlement. Force selling will occur.

Can I cancel my Recurring Plan anytime?

Yes, you may cancel from the “Recurring Plan Status” as long as the trigger order has not been executed.

Will there be any additional charges for cancelling my Recurring Plan?

No, there are no additional charges.

Why was my Recurring Plan order rejected?

Here are some order rejection reasons that you may see:
  • Minimum value to execute should be 100
    • The minimum value to execute should be at least $100 (in the respective currency).
  • Minimum executable quantity has exceeded requested value
    • The value to execute must be higher than the minimum tradable value (ie. lot size x traded price).
  • Order rejected due to price abnormality, contact dealer
    • The order was rejected due to a wide Bid/Ask spread of 10% and more than 30 ticks.

What is the arrangement if there are any corporate actions or dividend?

The order will still be triggered regardless of corporate actions.