Frequently Asked Questions


 What is the foreign share transfer charges?

Share Transfer (Non SG market)

No Change in Beneficial Owner
Other Financial Institution -> PSPL account No charge by PSPL. Please check with your external broker for their charges.

1. For US transfer via Direct Registration System “DRS”, there will be a 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 and courier fees of SGD 32.
3. Europe: USD 75 (Foreignforeign broker fees, settled in SGD)
PSPL account -> Other Financial Institution SGD100
Additional charges (foreign broker fees) apply to the following markets:
1. United Kingdom: USD 25
2. Japan: JPY 1,000 for the first lot, JPY 500 for every subsequent lot, up to a maximum charge of JPY 6,000
3. Australia: USD 12
4. Europe: USD 75
5. Malaysia: SGD 7 courier fee per transfer + SGD 5 per counter
PSPL account -> PSPL account
(To Prepaid Custodian or Cash Plus account)

Any other account type To Prepaid Custodian or Cash Plus account: SGD 60

Prepaid Custodian or Cash Plus account To Any other account type: Free

Prepaid Custodian To Cash Plus account or vice versa: SGD 20

Additional charges (foreign broker fees) may apply to the following market:
Malaysia: SGD 7 courier fee per transfer + SGD 5 per counter

Change in Beneficial Owner
PSPL account <-> Other Financial Institution 0.25% of share valuation (min. of SGD 100). Please check with your external broker for their additional charges.
PSPL account -> PSPL account

0.25% of share valuation (min. of SGD 100).

The fee is non-applicable for the following transfers between:
1. Immediate family members
2. Joint account and individual account

Important Notes:

  1. All fees and charges above are based on Per Counter Per Transfer basis and are subject to GST, except additional charges (foreign broker fees).
  2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.
  3. Any out-of-pocket expenses, if any will be borne by the customer.
  4. For entire portfolio transfer, you may indicate “ALL” under “Name of Securities” and submit a copy of your latest statement with a list of counters to be transferred.
  5. PSPL reserves the right to reject transfer with change on beneficiary owner for any reason. Please check with your Trading Representative for more information.

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Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066