Frequently Asked Questions
Stocks
What are the steps to transfer foreign shares from another securities firm to Phillip Securities?
- Step 1: You have to give instructions to that securities firm to transfer the shares to Phillip Securities Pte Ltd.
The letter should clearly state:
- Name of security to be transferred
- Quantity of shares to be transferred
- If it is a securities firm based in Singapore, you need to instruct them to liaise with Foreign Shares Transfer department (ForeignSharesTrf@phillip.com.sg)
- If it is a securities firm based in the US, you must provide custodian details which can be obtained from Foreign Shares Transfer department
- Step 2: You have to provide Phillip Securities with corresponding instructions to receive the shares. Instructions has to clearly state:
- Name of Security to be transferred
- Quantity of shares to be transferred
- If it is a securities firm based in Singapore, please give us the name and telephone number of the contact person from the transferring securities firm
- If it is a securities firm based in the US, please give us custodian details of transferring broker (ie. Name and DTC of the US transferring broker)
- Your Phillip/POEMS trading account number
Securities and Bonds Transfer Form
Please complete this form to transfer foreign shares from other broking house into your account with us.
Attention: Equities Ops
250 North Bridge Road
#06-00, Raffles City Tower
Singapore 179101
Please contact your trading representatives for more information
(There are no charges for transferring shares to Phillip. However, it is important that you check with the delivering securities firm as to whether there are any charges for transferring your shares out)
Other faq that might help you
- Can I check the status of my orders if I place my orders with POEMS?
- Can I increase my Trading Limit?
- Conditions for Automatic Order Amalgamation
- Do Phillip Securities provide tax claim services (tax relief at source or reclaim)?
- How can I sell through POEMS if I am holding physical certificates?
- How do I check my trading limit?
- How do I settle my trades in a foreign currency (other than SGD)?
- How long will it take for the physical certificates to be credited to your account?
- How will I know when the physical certificate is credited?
- What are the steps to transfer foreign shares from another securities firm to Phillip Securities?
- What happens if I fail to pay or contra my purchase by due date?
- What is a fractional share?
- What is Cash in Lieu (CIL)?
- What is the procedure to deposit physical certificate/s with Phillip Securities Pte Ltd?
- What is the validity period for my European orders?
- What will happen to the fractional shares acquired from corporate actions?
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