Frequently Asked Questions
Share Builders Plan (SBP)
Can I amend the investment instruction?
Yes, you can amend your investment instructions via POEMS or by completing the SBP Investment Amendment Form and submitting a softcopy to us.
Amendments can be made to the selection of counters and the investment amount. However, the amendment for the month will only be effective if the instructions are completed and submitted to us 6 business days before the transaction date, which is on the 18th of every month or the next business day if 18th falls on a non-market day. Otherwise, the amendment will be effective from the next investment month.
POEMS Website:
Add on new counter
Step 1: Acct Mgmt > Regular Savings Plan > Share Builders Plan > Investment Instruction > Amend
Step 2: Add ‘+’ button > select a new counter > fill up the investment amount > key in password and submit
Note: You can only select one Preferred Counter. If you wish to change to a new counter, please untick the previous one.
Remove current counter/Amend the investment amount or preferred counter
Step 1: Acct Mgmt > Regular Savings Plan > Share Builders Plan > Investment Instruction > Amend
Step 2: Fill up the ‘0’ on the Buy Amount (SGD) on the remove counter > Submit
Note: Please untick the removed counter from the Preferred Counter list and ensure that at least one counter remains selected. You must have at least one counter on the investment instruction.POEMS Mobile 3 App
Add on new counter
Step 1: Trade>RSP>Share Builders Plan > Amend
Step 2: Add Counter > Tick the counter > Add Counter > Fill up the investment amount
Note: You can only select one Preferred Counter. If you wish to change to a new counter, please untick the previous one.
Remove current counter/Amend the investment amount or preferred counter
Step 1: Trade>RSP>Share Builders Plan > Amend
Step 2: Select ‘X’ to remove the counter; To Amend the investment amount, simply change the amount without removing the counter
Other faq that might help you
- Information Sheet
- What is Share Builders Plan (SBP)?
- What is dollar-cost-averaging method of investment?
- How do I apply for Share Builders Plan (SBP)?
- Can I apply for SBP through POEMS online?
- Who is eligible to apply for SBP?
- Does SBP allow joint application?
- Can I e-Sign the physical GIRO Form or submit a softcopy instead?
- What supporting documents should I prepare for application for Junior Share Builders Plan?
- What is the minimum amount that I have to invest?
- Can I choose the shares that I want to invest in?
- What are the counters available?
- How do I indicate the share counters that I want to invest in?
- What is preferred counter?
- Can I submit the GIRO application to the bank for approval first, and then submit the SBP application afterwards?
- Can I submit the SBP application form without submitting the GIRO application at the same time?
- How would I know how many shares I have?
- Can I temporarily suspend the SBP?
- How can I re-activate my SBP after it is suspended?
- What will happen if my SBP is suspended?
- If I want to terminate my account, what will happen to my SBP shareholdings?
- How do I pay for my investment?
- Can I use CPF or SRS for SBP?
- Who are the participating banks for this Inter-bank GIRO facility?
- How long does it take for my Interbank GIRO Account to be linked with my SBP?
- What if I do not have enough funds in my bank account?
- Can I change my Interbank GIRO Account for my SBP?
- Can I top-up cash or request a deduction from my Poems Trading account for investment instructions?
- When and how are the purchases executed?
- How are the shares allocated to me?
- How is the SBP handling fee deducted?
- Will my monthly/quarterly GIRO be invested fully?
- How are the excess funds in my SBP Account being handled?
- Can I put the excess funds from the SBP into the Money Market Fund (MMF)?
- How do I sell my shares?
- How can I get the proceeds from selling the shares?
- How do I use the self-tag function for the sell SBP option after completing the order?
- How can I check if SBP liquidation has been successful?
- Can I transfer my SBP shareholdings to my own CDP Account?
- What are the charges involved?
- How will my handling fees be calculated?
- How do I withdraw idle cash out from my SBP cash ledger balance?
- Will I be entitled to the dividend payment?
- What about bonus issue and capital distribution?
- Will I receive entitlements to a rights issue?
- Am I able to subscribe for the rights issues allocated to me?
- Am I able to opt for Scrip Dividends under Scrip Dividends Scheme (SDS)?
- What are the payment methods for subscribing to a rights issue?
- What if the share counter that I am buying is suspended / halted on the execution day?
- Does a minor holding US citizenship qualify to apply for the Junior Share Builders Plan?
- Who can I contact for more detailed information with regards to SBP?
- SBP Forms
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